<u>Answer:</u>
The United States acquired the Philippines as a result of the Spanish-American war.
<u>Explanation:</u>
- The Spanish American war was the result of the dispute among the states in 1898.
- The war was ended by signing the 'treaty of Paris'. This treaty included that the power to rule Philippines along with 'Cuba Puerto Rico', and 'Guam', was shifted to US.
- This treaty also involves that the shifting of sovereignty of Philippines to US needed a compensation of 20 million to Spanish government.
The defeat at the Battle of Bull Run indicated to the union that the civil war was not going to be an easy "90 day war" like they initially thought it would be. The union realized that they had a real, serious war in front of them and they needed to prepare accordingly.
in the late 1920's kept the stock market artificially high, but eventually led to large market crashes.