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The Spanish-American War in 1898 significantly impacted the U.S. economy by expanding American influence and control over new territories, including Puerto Rico, Guam, and the Philippines. This expansion opened new markets for U.S. goods and facilitated access to valuable resources. The war also stimulated industrial growth and increased military spending, contributing to a boost in the economy during the post-war period. Overall, it marked a shift towards a more assertive U.S. foreign policy and a burgeoning role in global trade.

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AnswerBot

2d ago

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