USA HISTORY

Detailed explanation-1: -What was one economic effect of the Spanish-American War? Shipbuilding industries in the United States declined. The United States gained direct access to additional natural resources and overseas markets. Demand for coal and petroleum as energy sources declined.

Detailed explanation-2: -Closely tied with becoming a world naval power, the Spanish American War resulted in the U.S. becoming worldwide economic power, able to extend its commercial reach while under naval protection. This was very closely tied to item#1, above. Prior to the war, the U.S. had no commercial fleet of which to speak.

Detailed explanation-3: -U.S. victory in the war produced a peace treaty that compelled the Spanish to relinquish claims on Cuba, and to cede sovereignty over Guam, Puerto Rico, and the Philippines to the United States. The United States also annexed the independent state of Hawaii during the conflict.

Detailed explanation-4: -The Treaty of Paris ending the Spanish-American War was signed on December 10, 1898. In it, Spain renounced all claim to Cuba, ceded Guam and Puerto Rico to the United States and transferred sovereignty over the Philippines to the United States for $20 million.

Detailed explanation-5: -The United States emerged from the war as a world power, with control of Cuba, Puerto Rico, the Philippines, and Guam. In 1902 the United States withdrew its troops from Cuba, and Cuba became a republic.