Which best describes why reaching new markets was important for the United States in the late 19th century?

Foreign consumers often sought manufactured luxury goods from the United States.

US consumers were unable to buy most of the goods manufactured in their own country.

Companies were failing to sell their goods in the United States, and they needed foreign consumers.

Companies could sell manufactured goods inside the United States and overseas, increasing profits.

Question

Rudy Patel

History

13 May, 14:12

Which best describes why reaching new markets was important for the United States in the late 19th century?

Foreign consumers often sought manufactured luxury goods from the United States.

US consumers were unable to buy most of the goods manufactured in their own country.

Companies were failing to sell their goods in the United States, and they needed foreign consumers.

Companies could sell manufactured goods inside the United States and overseas, increasing profits.

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Answers (1)

Know the Answer?

Madeleine Kane · Answer 1

US consumers were unable to buy most of the goods manufactured in their own country

Explanation:

In the late 19th century there was massive industrialization in the united states which led to increase in production of goods and services and also increase in labor influx into the country from different parts of Europe.

The increase in production meant that the supply was overwhelming demand hence the need/importance of seeking foreign trades in the 19th century was very important for the economy of the state. The US produced all kinds of goods including luxury and other forms of goods and services due to the abundance of capital and natural resources.