Which of the following was a direct economic effect of the Spanish-American War on the United States A
The United States acquired new overseas territories, leading to increased trade with East Asia and the Caribbean.
B
The United States faced trade deficits as a result of European nations boycotting American goods during the war.
C
The United States declared the “Open Door” policy in China and crushed the Boxer Rebellion.
D
The federal government acquired a massive debt from the war, leading to a recession.