Question

1. out of these four statements, which one would most likely be found in a history of the economic impact of the spanish - american war on the united states?

statement 1: the united states 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.

Explanation:

Statement 3 is about the economic impact (expansion of commercial trade) due to territorial acquisition, which is relevant to the economic history of the Spanish - American War. Statement 1 is factually incorrect as the Spanish - American War did not lead to a boom in the U.S. oil industry due to conquered territories in that way. Statement 2 is about military rebuilding cost (more of a military - financial aspect rather than a broad economic impact in terms of trade expansion). Statement 4 is factually wrong as the U.S. was an acquirer of territories, not a loser of territories in the Spanish - American War.

Answer:

Statement 3