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The German-Great Britain Trade Rivalry In Comparison To The U.S.- Japan Trade Rivalry - Online Term Paper

The German-Great Britain Trade Rivalry In Comparison To The U.S.- Japan Trade Rivalry

The German-Great Britain Trade Rivalry in Comparison to the U.S.- Japan Trade
The German-Great Britain trade rivalry like the U.S.-Japan trade rivalry
involved a rising power cutting into the trade of an already dominant trading
power. There were several causes of the German-Great Britain trade rivalry
according to Hoffman. The first was German's industry's zeal in procuring new
contracts and expanding markets. They did this by fulfilling contracts even if
they were very small and constantly trying to stay up with market demand. Second,
Germans had a knowledge of languages that the English firms lacked. Third,
German industry was aided by their government. In contrast Great Britain did ...

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was large
and arrogant and refused to believe it could face competition from Japan. Like
Britain, U.S. industry believed that they could hold onto markets and would not
face competition. British and U.S. industry were startled by the fast rate of
growth and industrialization that allowed Germany and Japan to transform
themselves quickly into trading rivals. This fast rate of growth also caused
friction between both sets of countries. Relations between Germany and Great
Britain were damaged as they bickered over markets in particular colonies in
Africa . This is similar to the friction between the U.S. and Japan unfair
trading practices and closed markets.
Both the U.S. and Great Britain in response to losing markets toyed with
the idea of economic nationalism and tariffs. As Britain lost markets to Germany
many in Britain felt that Britain should adopt tariffs on goods while others
known as the free traders believed that a free trade would benefit Britain by
creating ...

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The German-Great Britain Trade Rivalry In Comparison To The U.S.- Japan Trade Rivalry. (2008, December 14). Retrieved November 22, 2024, from http://www.essayworld.com/essays/German-Great-Britain-Trade-Rivalry-Comparison/94596

"The German-Great Britain Trade Rivalry In Comparison To The U.S.- Japan Trade Rivalry." Essayworld.com. Essayworld.com, 14 Dec. 2008. Web. 22 Nov. 2024. <http://www.essayworld.com/essays/German-Great-Britain-Trade-Rivalry-Comparison/94596>

"The German-Great Britain Trade Rivalry In Comparison To The U.S.- Japan Trade Rivalry." Essayworld.com. December 14, 2008. Accessed November 22, 2024. http://www.essayworld.com/essays/German-Great-Britain-Trade-Rivalry-Comparison/94596.

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PAPER DETAILS

Added: 12/14/2008 12:44:03 AM
Category: World History
Type: Premium Paper
Words: 544
Pages: 2

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