The Open Door policy was written in 1899. The U.S. was interested in acquiring cheaper goods (mainly cotton) from foreign markets.
John Hays wrote this policy to protect the privileges among countries that were trading with China. He wanted countries to have equal access to ports open to trade in China, and to avoid a monopoly.
The first note in the Open Door Policy said that (1) each great power should maintain free access to a treaty port or to any other vested interest within its sphere.
Answer:
concurrent federal department of treasury
That statement is false.
It is true that United States adopt a free market system which allow organisations to fully compete and determine the outcome of supply and demand.
That is being said, Business law and Government regulations are still considered to be an important aspects in businesses because it creates a standard rule for fair competition.
I do not want to look pessimist, but I sincerely don't think that's possible. Poverty is caused by many different factors, that depend on things the society can't change, at least not the way we tried to do it.
Poverty depends greatly on the political systems we have nowadays, because if political systems where "correct" maybe everybody would have a home and an income, but millionaires wouldn't be millionaires.
We should also not blame only politicians, because we as a society also affect how poverty works. I will not give my opinion on this though, because it depends greatly on how one thinks. Many think society hasn't done anything wrong, and others think different factors within society are to be blamed. It's a very controversial area.
Hope it helped,
BioTeacher101
