Yes, without a doubt it did set the stage for a new Manifest Destiny that expanded American control beyond our natural borders.
It became apparent to "jingos" like Teddy Roosevelt that in order to provide new markets for our industrial products and in a better effort to provide for the defense of the nation, we would need coaling stations for our navy and commercial shipping. That could only be achieved through Imperialism.
Also, Social Darwinism was a belief particular to the age. Many felt that it was their Christian duty to civilize the savage peoples and use the Natural Resources of the lands to their best advantage.
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