Question

determine whether the following were economic effects of the spanish - american war, world war i, or both. select the correct answer in each row. military spending and the sale of war bonds increased. the u.s. economy grew in wealth and global influence. new markets opened to u.s. businesses. the labor force increased and unemployment declined.

Explanation:

• Military spending and war - bond sales increased in both wars as governments needed funds for the war effort.
• The U.S. economy grew in wealth and global influence after both wars. After the Spanish - American War, the U.S. became a colonial power, and after World War I, it emerged as a major world power.
• New markets opened to U.S. businesses after both wars. After the Spanish - American War, the U.S. had new territories and after World War I, there were new economic opportunities in the post - war reconstruction.
• The labor force increased and unemployment declined in both wars due to the demand for labor in war - related industries.

Answer:

• Military spending and the sale of war bonds increased: Both
• The U.S. economy grew in wealth and global influence: Both
• New markets opened to U.S. businesses: Both
• The labor force increased and unemployment declined: Both