The biggest one is speculation on the market. Many would buy stocks on margin, say only meeding 10% of the share amount to buy a share of stock. So great quantities of stock were able to be bought without necesarily having the money to legitimately purchase them.
This policy created by John Hay was known as the Open Door Policy.
The goal of this policy would be to allow European countries and America to trade with China on an equal basis. John Hay wanted to ensure that no one country had a monopoly on the trade with China during the early 20th century. Along with this, he felt that the Open Door policy would result in less fights/confrontation between the countries involved in this trade.
One of the major problems with the League of Nations was that it was formed based off of the treaty of versailles and the Germans and the Americans therefore there was anger built into the group from the beginning
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he World Fair Trade Organization has declared this week to be World Fair Trade Week. "Fair trade" is quite the buzzword in commerce these days and is generally associated with agricultural products. Chief among those is coffee. The popularity of fair trade coffee is undeniable. But what even is "fair trade" and what does it entail? How "fair" is it? Or is it just a marketing gimmick? James Harrigan and Antony Davies get into the nitty-gritty of this and more in this week's episode of Words and Numbers.
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