Quickly based on the political cartoon, what effect did the annexation of the philippines have on the economic status of the united states? it led to an economic collapse for the united states, as the country took on the philippines’ financial burden. it had no impact on the us economy, as china refused to trade with the united states. it cut off us ties to asia, leading to a significant decrease in wealth for the country. it the united states open trade with china, increasing the country’s wealth.