Study the political cartoon. A political cartoon. Uncle Sam, loaded down with the products of industrialization (such as trains, steel rails, bicycles) is crossing the Philippines on his way to China. A man in China his holding his arms out in a gesture of welcome, and there are signs strewn about China with requests for different products. 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 helped the United States open trade with China, increasing the country’s wealth.