answersLogoWhite

0

The Open Door Policy proposed in 1898 by President McKinley was meant to open up access to the Chinese markets to all trading powers. It meant that China would not be carved up into spheres of influence and the imperial nations could trade anywhere in China. It also meant that nations who already had a footing in China with the intent of controlling exclusive markets would have competition. It was a move on the part of Secretary of State John Hay to protect American investments in China, so that they could still compete and do business in all of China, having no sphere of influence of its own.

User Avatar

Wiki User

∙ 15y ago

What else can I help you with?

Related Questions

What country did the US first instituted the open door policy?

CHINA


What proposed that all nations have equal opportunities to trade in china?

The open door policy


What policy gave all nations equal trading rights?

Open door policy


Did the goal of the open door policy succeed?

did the open door policy of china succeed


What was the Agreements between Japan and the US between 1906 and 1909 designed to support?

The open door policy (apex)


Trade policy with china?

open door policy


What are some open door policy economic effects?

what was the purpose, importance and effects on the open door policy?


In business what is a closed door policy?

Closed door policy means if the doors shut you can't go in.


What was the importance of the door policy?

The Open Door policy prevented nations form establishing colonies in China.


What was importance of the open door policy to the US?

The Open Door Policy is a concept in foreign affairs, which usually refers to the policy in 1899 allowing multiple Imperial powers access to China, with none of them in control of that country. As a theory, the Open Door Policy originates with British commercial practice, as was reflected in treaties concluded with Qing Dynasty China after the First Opium War (1839-1842).[


What is the open or close door policy?

The open door policy is when a certain country (like China) allow foreigners in their country. Now a closed door policy is when a coutry doesn't allow foreigners in their country.


When did the open door policy begin?

The Open Door Policy was found in the year 1899.