Which factor contributed to the growth of the U.S. economy during the 20th century?A.The United States experienced a decline in its standard of living.B.The United States cut off all trade with other countries.C.The United States decided to remain on the gold standard.D.The United States increased its global influence.
Question
Which factor contributed to the growth of the U.S. economy during the 20th century?A.The United States experienced a decline in its standard of living.B.The United States cut off all trade with other countries.C.The United States decided to remain on the gold standard.D.The United States increased its global influence.
Solution
D. The United States increased its global influence.
This is the correct answer because during the 20th century, the United States significantly increased its global influence through various means such as trade, diplomacy, and military power. This global influence allowed the U.S. to establish and maintain economic relationships with countries around the world, which in turn contributed to the growth of the U.S. economy.
In contrast, options A, B, and C would likely have negative impacts on the U.S. economy. A decline in the standard of living (A) would indicate economic problems, not growth. Cutting off all trade with other countries (B) would likely harm the economy by limiting markets for U.S. goods and services. Remaining on the gold standard (C) could potentially limit economic growth by restricting the supply of money.
Similar Questions
Which statement best explains why the United States grew into a world economic power in the 20th century?A.The United States increased its participation in international trade.B.The United States put effective trade barriers in place to limit trade with other nations.C.The United States stayed out of major world wars and instead made economic investments.D.The United States prevented other countries from abandoning the gold standard.
Evaluate the extent to which economic growth led to changes in United States society in the period from 1940 to 1970.
What happened when many countries left the gold standard in the mid-20th century?A.The value of gold was greatly reduced.B.The U.S. standard of living declined.C.Demand for U.S. dollars increased.D.Most countries gave up their own currencies.
American economic prosperity in the 1920s was fueled by the growth in: a. telecommunication industries b. steel and oil industries c. shipping industries d. consumer durable industries
The most striking feature of American society in the 1950s and early 1960s was the booming economic growth that made even the heady 1920s seem pale by comparison. Identify which of the following statements correctly describe the effects of the postwar economic boom on American society. 1. The suburban population grew almost as fast as the population as a whole. 2. The economic expansion lasted for almost twenty years with only brief interruptions. 3. Economic growth was held back only by the frugality developed by most Americans during the Depression. 4. The gross national product grew by a staggering 250 percent. 5. The prosperity was notable because it had very little influence on the standard of living in the United States. 6. Economic expansion triggered a sharp increase in the birthrate.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.