In the classic sense, American imperialism is a myth. The US never had a policy either stated or understood of importing cheap raw material and requiring vassal states or colonies to accept expensive manufactured goods, as did for England. The dominance of American culture and products in the mid 20th century was mostly the result of people in other nation craving the standard of living enjoyed in the world's largest democracy.
Starting from the half of the 20th century, American enterprises started moving a series of their operations overseas int he search for gaining a competitive edge over their competitors. Cost reduction in the form of transport and labor costs was the main factor behind the moving of businesses overseas.
However, the political and economic environment of numerous countries in the world where these companies operate is complicated, as sudden government changes can bring the economy downwards or upwards. Another important factor is the guarantee of security of these businesses. The control of these businesses by governments or sudden attacks by locals are commons events that have happened throughout history. This is why it is important for the Department of State to constantly monitor US enterprises overseas in order to guarantee the protection of their interests.
Answer:
A combination of unpaid loans, bad debts, and mass withdrawals
Explanation:
Deflation increased the real burden of debt and left many firms and households with too little income to repay their loans. Bankruptcies and defaults increased, which caused thousands of banks to fail. In each year from 1930 to 1933, more than 1,000 U.S. banks closed.
Answer:
The answer is Overreliance on Slaves
Explanation:
Many people from the empire fled owing to the making of the empire to rely on slaves
