POLI 354 Chapter : Hegemonic Stability Theory - David Lake

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Between 1887 and 1934 the united sates evolved from a highly protectionist into an internationally liberal country. Rather than offering the domestic explanations for this change lake talks about this as a result of the changes in the international economic structure and position of the united. States within it: explanations for the change of the american foreign policy trade agreements act of 1934, bureaucratic : the change was seen as a result of the struggle between the democratic and. Republican parties to break the political balance of the era. Indivdual level : it was seen as a result of the personal beliefs of secretary of state cordell. Maintaining a relatively open market for distress goods. Providing counter cyclical long-term lending assume responsibility for: Managing in some degree the structure of exchange rates. Political military power primarly indicates the quantity of influence a state possesses over the international economic regime.

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