Through the 1920s, Britain's economy was already struggling to pay for the effects of World War I. Then, in 1929, the US stock market crashed. ... The value of British exports halved, plunging its industrial areas into poverty: by the end of 1930, unemployment more than doubled to 20 per cent.
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Answer:
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Explanation:
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The statement made by the American businessman showed that <u>American imperialism</u><u> was </u><u>mainly economically motivated</u><u>.</u>
Americans engaged in imperialism which is the acquisition of physical or economic control of other nations because:
- They wanted raw materials that they could process
- They wanted new markets to sell their processed goods
As a result, the U.S. acquired certain nations such as the Philippines and Hawaii as well as bases in China and Japan in order to accomplish these economic goals.
In conclusion, American imperialism was driven by economic gain.
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