This national argument is usually interpreted as a battle between imperialists led by Roosevelt and Lodge and anti-imperialists led by William Jennings Bryan and Carl Schurz. It is far more accurate and illuminating however, to view it as a three-cornered fight. The third group was a coalition of businessmen, intellectuals, and politicians who opposed traditional colonialism and advocated instead a policy of an open door through which America's preponderant economic strength would enter and dominate all underdeveloped areas of the world.
William Appleman Williams