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Which factor contributed to the growth of the U.S. economy during the 20th century?A.The United States decided to remain on the gold standard.B.The United States increased international trade.C.The United States cut off trade with foreign countries.D.The U.S. economy changed its focus back to agriculture.SUBMITarrow_backPREVIOUS

Question

Which factor contributed to the growth of the U.S. economy during the 20th century?A.The United States decided to remain on the gold standard.B.The United States increased international trade.C.The United States cut off trade with foreign countries.D.The U.S. economy changed its focus back to agriculture.SUBMITarrow_backPREVIOUS

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Solution

The factor that contributed to the growth of the U.S. economy during the 20th century is B. The United States increased international trade.

Here's why:

During the 20th century, the U.S. economy grew significantly, and one of the major factors contributing to this growth was an increase in international trade. The U.S. established trade relations with many countries around the world, exporting and importing goods on a large scale. This not only opened up new markets for U.S. businesses, but also led to an influx of goods and services into the country, contributing to economic growth.

Options A, C, and D are not correct. The U.S. did not remain on the gold standard throughout the 20th century, cutting off trade with foreign countries would likely hinder rather than help economic growth, and the U.S. economy did not shift its focus back to agriculture, but rather continued to industrialize and later moved towards a more service-based economy.

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Similar Questions

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