American Imperialism In The Late 19th And Early 20th Century
There has been an ongoing debate that the United States of America has always been an empire. It dominated over a realm of territories and established its mark almost over every corner of the continent. What appeared to be an empire consequently led to imperialism. American imperialism in the late 19th and early 20th century marked the country’s beginnings as a global superpower. But with these advances came with great responsibility.
From 1950 to 1980, the world marveled at the feet of the economic Golden Age brought by the first American Empire – developing countries soared and economies proved to be growing faster than any stage of colonial history (Amsden, 2007:1).
The first American Empire can be characterized by economic, military and …show more content…
Manual labour is usually replaced with by machines of mass production. Technological innovation is also often characterized with industrialization which then leads to the efficient division of labour and economic growth. The first American Empire paved way for industrialization in developing countries. It opened up a way of free markets. Growth income grew in respective countries way beyond percentages never imagined in history. Amsden (2007:8) further …show more content…
It can be assumed that the first American Empire did indeed shape the prospects for industrialization in these developing countries.
The impact of Industrialization
At the start of the first American Empire, one would never argue against the statement that the industrialization road paved by American has a positive impact – and arguably in a way it did. If we take a look at Asmden’s statement regarding growth, particularly India, Amsden (2007:8) suggests the following:
“India’s growth rate was faster than the average growth rate after 1980 for developing countries as a whole. Output rose over time, soaring in the early 1990s even before market reforms began. Software services boomed in the remote region of Bangalore, which benefited from former government investments in electronics, telecommunications, aerospace, and a prestigious Indian Institute of Science. The military chose Bangalore as a center of science and technology because it was safe from Russian and Chinese attack. Soon the Bangalore region had more experienced engineers than any other part of India” (Amsden,
From 1950 to 1980, the world marveled at the feet of the economic Golden Age brought by the first American Empire – developing countries soared and economies proved to be growing faster than any stage of colonial history (Amsden, 2007:1).
The first American Empire can be characterized by economic, military and …show more content…
Manual labour is usually replaced with by machines of mass production. Technological innovation is also often characterized with industrialization which then leads to the efficient division of labour and economic growth. The first American Empire paved way for industrialization in developing countries. It opened up a way of free markets. Growth income grew in respective countries way beyond percentages never imagined in history. Amsden (2007:8) further …show more content…
It can be assumed that the first American Empire did indeed shape the prospects for industrialization in these developing countries.
The impact of Industrialization
At the start of the first American Empire, one would never argue against the statement that the industrialization road paved by American has a positive impact – and arguably in a way it did. If we take a look at Asmden’s statement regarding growth, particularly India, Amsden (2007:8) suggests the following:
“India’s growth rate was faster than the average growth rate after 1980 for developing countries as a whole. Output rose over time, soaring in the early 1990s even before market reforms began. Software services boomed in the remote region of Bangalore, which benefited from former government investments in electronics, telecommunications, aerospace, and a prestigious Indian Institute of Science. The military chose Bangalore as a center of science and technology because it was safe from Russian and Chinese attack. Soon the Bangalore region had more experienced engineers than any other part of India” (Amsden,