By 1914, Great Britain continued to dominate financial banking, but the U.S. emerged as a) the economic world leader. b) the largest and most powerful navy in the world. c) the world military leader. d) the largest world empire. e) the leading industrial power.

To determine the correct answer, let's analyze the context of the question regarding the status of the U.S. by 1914. 1. **Economic World Leader**: By 1914, the U.S. was indeed becoming a significant economic power, but it was not yet the world leader in finance, which was still dominated by Great Britain. 2. **Largest and Most Powerful Navy**: The U.S. navy was growing, but it was not the largest or most powerful navy in the world at that time; that title belonged to Great Britain. 3. **World Military Leader**: The U.S. had a growing military presence, but it was not considered the world military leader by 1914, especially compared to European powers. 4. **Largest World Empire**: The British Empire was the largest empire in the world by 1914, so this option does not apply to the U.S. 5. **Leading Industrial Power**: By 1914, the U.S. was indeed the leading industrial power, surpassing Great Britain in various industrial outputs. Based on this analysis, the correct answer is: **e) the leading industrial power.**