What economic factors contributed to American imperialism at the turn of the 20th century?

The desire for new markets, raw materials, and investments was a significant driving force behind American imperialism at the turn of the 20th century. As the United States underwent rapid industrialization, it produced more goods than could be consumed domestically. This surplus necessitated the search for new markets abroad where American products could be sold.

In addition to seeking markets, there was also a strong demand for raw materials to fuel American industries. Countries rich in natural resources were appealing targets for American economic interests, as securing access to these resources was crucial for sustaining industrial growth. Furthermore, investment opportunities in foreign nations were viewed as a way to further enhance economic expansion, allowing American businesses to establish operations overseas and benefit from foreign labor and resources.

This economic motivation was closely tied to a broader belief in American exceptionalism and the notion that the United States had a responsibility to spread its ideals, including democratic governance and capitalism, around the world. Therefore, this desire not only encompassed a strategic economic advantage but also included a cultural dimension that supported the notion of empire-building.