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statement 1: the u.s. oil industry boomed due to oil deposits found in conquered territories. statement 2: rebuilding its devastated army cost the united states an enormous amount of money. statement 3: the acquisition of new territories allowed for the expansion of u.s. commercial trade. statement 4: territorial losses forced the united states to purchase expensive natural resources from other countries. which statement would most likely be found in a history of the economic impact of the spanish - american war on the united states? statement 1 statement 2 statement 3 statement 4
The Spanish - American War led to the U.S. acquiring new territories. This expansion provided new markets and opportunities for commercial trade growth, which is an economic impact. Statement 1 is not related to the Spanish - American War as there were no major oil - related conquests in that war. Statement 2 focuses on military rebuilding cost rather than economic impact related to trade or resources from the war. Statement 4 is incorrect as the U.S. was an expanding power after the Spanish - American War, not one with territorial losses.
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Statement 3