Question

1. many people believed that the american economy would collapse unless the united states gained new foreign markets for its products. albert beveridge, campaigning for the senate from indiana in 1898, summed up the arguments for commercial expansion: \today we are raising money than we can consume. today we are making more than we can use. today our industrial society is congested; there are more workers than there is work... therefore we must find new markets for our produce, new outlets for our capital, new work for our labor.\ 8. what are the economic reasons many americans wanted to expand overseas? explain.

Explanation:

The economic reasons for American overseas expansion relate to surplus. The US had excess capital (savings > consumption), excess production (output > domestic use), and a congested industrial society with capital seeking investment outlets. Overseas expansion offered new markets for goods, new investment opportunities for capital, and new jobs for workers, preventing economic collapse by utilizing these surpluses.

Answer:

The economic reasons Americans wanted to expand overseas were: 1. Surplus Capital and Production: The US had more savings (capital) than it could invest domestically and produced more goods than domestic markets could absorb. Overseas expansion provided new foreign markets to sell surplus goods. 2. Investment Outlets: With a congested industrial society, there were more capital-seekers than domestic investment opportunities. Overseas expansion offered new places to invest surplus capital. 3. Employment: To utilize excess production and capital, new overseas ventures would create jobs for American workers, stabilizing the economy by preventing collapse from underutilized resources.