Was the Spanish-American War Really Necessary? List the Alternatives to War

question 84

Essay

Was the Spanish-American War really necessary? List the alternatives to war available to McKinley in 1898 and explain why he rejected them in favor of a war policy.

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Definitions:

Price Support

Government intervention in a market to maintain the price at a certain level, usually done through the purchase of surplus stock or direct subsidies to producers.

Price Floor

A minimum price, set by law or regulation, that must be paid for a good or service; often implemented to protect producers.

Price Support

Government interventions in the market to maintain the price of a commodity at a certain level.

Demand Curve

A chart that illustrates the link between a product's price and the amount of the product that buyers are prepared and capable of buying at different price levels.