Question

How did the outcomes of both the Spanish-American War and the First World War similarly influence the

U.S. economy?
B
Both restricted job growth
Both raised levels of inflation
Both lowered wages in the agricultural sectors
Both stimulated industrial and agricultural output

Answer 1

The outcomes of the Spanish-American War and the First World War had similar economic impacts on the U.S.

Step-by-step explanation:

The outcomes of both the Spanish-American War and the First World War similarly influenced the U.S. economy in several ways. Firstly, both wars stimulated industrial and agricultural output as the demand for military supplies and food increased. This led to the growth of industries and increased agricultural production. Secondly, both wars raised levels of inflation as the increased demand for goods and services outpaced the supply, causing prices to rise. Lastly, both wars restricted job growth as many young men were drafted into the military, leading to labor shortages in various industries.

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