Excerpt: ...replied favorably to a request for assistance in the search for evidence. Finally, Great Britain yielded and agreed to the earlier proposition on Pg 202 the part of the United States that the issue be submitted to arbitration; and this happy outcome of the matter contributed not a little to Mr. Cleveland's reputation as "a sterling ...Read MoreExcerpt: ...replied favorably to a request for assistance in the search for evidence. Finally, Great Britain yielded and agreed to the earlier proposition on Pg 202 the part of the United States that the issue be submitted to arbitration; and this happy outcome of the matter contributed not a little to Mr. Cleveland's reputation as "a sterling representative of the true American spirit." This was not diminished by the later discovery that Great Britain was wholly right in her claims in South America. The Venezuelan controversy was an echo of the time-honored Monroe Doctrine and was without any deeper economic significance. There were not wanting, however, signs that the United States was prepared economically to accept that type of imperialism that had long been dominant in British politics and had sprung into prominence in Germany, France, and Italy during the generation following the Franco-Prussian War. This newer imperialism does not rest primarily upon a desire for more territory, but rather upon the necessity for markets in which to sell manufactured goods and for opportunities to invest surplus accumulations of capital. It begins in a search for trade, advances to intervention on behalf of the interests involved, thence to protectorates, and finally to annexation. By the inexorable necessity of the present economic system, markets and safe investment opportunities must be found for surplus products and accumulated capital. All the older countries being overstocked and also forced into this new form of international rivalry, the drift is inevitably in the direction of the economically backward countries: Africa, Asia, Mexico, and South America. Economic necessity thus overrides American Pg 203 isolation and drives the United States into world politics. Although the United States had not neglected the protection of its interests from the days when it thrashed the Barbary pirates, sent Caleb Cushing to demand an open door in China, and dispatched Commodore...Read Less
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