On February the 15th, in 1898, The battleship Maine was sunk by the Spanish crown, in Havana Harbor. This was the reason why the United States declared war on Spain in May of the same year.
When the war ended, in December of 1898, Spain had lost all its control over the territories of Puerto Rico, Cuba, The Philippines Islands, and Guam, with some smaller islands as well.
The War ended with the ratification of the Treaty of Paris, that was signed on December 10th, 1898.
The correct answer is: "The limited access to currency stifled business growth."
When the money supply is limited, there is scarcity in the money market and the interest rate (the price of money) rises. Therefore, through this price adjustment, equilibrum is reached in the market again.
High interest rates disincentivate investment because<u> borrowing funds to finance new projects has become relatively more expensive. Therefore, businesses will not conduct expansion policies</u> under this scenario.
The best option from the list would be that "<span>b. The United States began to build up its military and to stockpile weapons," since this was part of the inevitable "Arms Race" that took place between the US and the USSR. </span>
All of the colonies except Cuba and Puerto Rico attained independence by the 1820's.
