This paper discusses the events that occurred during the year of 1898. Previously, the United States economy had entered an economic depression that started in 1893 and lasted for five years. The paper begins with a brief background of the 1890s telling of the series of events that led the economy into a depression, including statistics of GDP, GNP, and unemployment rates. The text provides a short insight into the lives of farmers, who were the most affected during this time. During this time period, the United States economy became one the world’s most important economies and with many foreign countries expanding their territories and markets, the United States had to modify its foreign policy. However, it was the War of 1898 that had
