Question

cornell notes aice international name: dylan p chapter 1. empire and the emergence of world powers source: cambridge textbook pgs. 34 - 36 1.4 why did the usa emerge as a world power and what was the impact on international relations? learning objective: (should be answered in the summary) 1.4b: describe the causes of the economic growth and need for trade in the usa in the 19th century. questions: what were the causes that led usa to economic transformation & industrial growth. output in key industries grew 1893 economic downturn causes: effects: what are tariffs? republican and democratic views on tariffs summary: causes for economic growth - usa need for trade in late 1800s -

Explanation:

The questions pertain to the economic growth and trade - related developments of the USA in the 19th century, including causes of economic transformation, industrial growth, an economic downturn, and tariff - related political views. These topics are central to the study of economic history.

Answer:

Causes of economic transformation and industrial growth in the 19th - century USA included abundant natural resources, a growing population providing a large labor force, technological innovations like the invention of the cotton gin and the development of the railroad system which improved transportation and access to markets. The need for trade in the late 1800s was driven by the surplus of goods produced by the expanding industries, the search for new raw materials, and the desire to increase economic influence abroad.
The 1893 economic downturn was caused by factors such as over - speculation in the railroad and real - estate industries, a decline in silver production leading to currency issues, and a drop in international demand for American goods. Its effects included widespread business failures, high unemployment rates, and a decrease in consumer spending.
Tariffs are taxes imposed on imported goods. Republicans generally favored high tariffs to protect domestic industries from foreign competition and promote economic growth at home. Democrats often opposed high tariffs, arguing that they increased the cost of living for consumers and could lead to retaliatory tariffs from other countries, harming international trade.