what do you mean by china's open door policy??????
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Answer:
The Open Door Policy was a trade agreement between the United States, China, Japan, and several European countries. US Secretary of State John Hay created the Open Door Policy in 1899/1900 in order to allow the US, Japan, and select European countries equal trade access to China, a country that previously had no trade agreements. The Open Door Policy lasted nearly 50 years, until the communist party’s 1949 victory in China’s civil war.
In the rest of the guide, we’ll dive deeper into the specifics of the Open Door Policy. We’ll discuss why the Open Door Policy was created, how it was established and maintained, and what its impacts were.
The Open Door Policy
It was a policy between China, the US, Japan, and several European powers that stated each of those countries should have equal access to Chinese trade.
↪it impacted buisness policy .
↪It called for protection of equal privileges for all countries trading with China and for the support of Chinese territorial and administrative integrity.