Business leaders in the United States pushed for the country to claim overseas territories for several reasons. The two most relevant reasons typically include:
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Access to New Markets: Business leaders sought to expand their markets by gaining access to new territories. This would allow American businesses to sell their goods and services to a larger customer base, boosting profits and economic growth.
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Acquisition of Resources: Many territories were rich in natural resources, such as minerals, rubber, and agricultural products. Business leaders argued that acquiring these territories would ensure a steady supply of raw materials necessary for American industries.
These motivations for expansion were part of a broader context of economic growth and imperialism during the late 19th and early 20th centuries.
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