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Comparison Of Trade Rivalries

Beginning of Essay
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 ....

Middle of Essay
.... all very similar to the Japan-U.S. trade rivalry. Japan like Germany was able to catch up to the U.S. because the U.S. 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 ....

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