Why America Can Be The Biggest Economy In The World?

[Poker Player]

My question is what are the factors that make the United States the largest economy in the world?

The Protestant ethic and the spirit of capitalism. For those who do not know, there is a book with the same title.

While in most of the world societies followed to a greater or lesser extent a system of privilege, and in Germany a posh guy who never worked in his life, dedicated himself to writing a tedious piece of nonsense that would eventually lead to the greatest genocides of mankind, in the USA effort and talent were rewarded. The result has been the highest levels of development and welfare in history.

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[blue Snow]

So the question now is why did America become such a big economic power?

I don't see that, maybe you just see in the skin only, even inside it was destroyed.

after the Bretton Woods era, the US change the monetary system to Dollar, US economy grew significantly because they insist on another country using Dollar as payment while they print that paper daily. I don't know, what is the value is paper? which every people use and believe on central bank. Yes, what makes the US the biggest until now is Bank, I think if the bank collapses, and can't print dollars anymore, the US will die.

[Smack That Ace]

...
So the question now is why did America become such a big economic power? even though if we look at the history of America 100 to 200 years ago it was just a nomadic colony which was a runaway from the Europeans so at the beginning of their independence in 1776 the American people were still very far from the word prosperous, most people in America needed to fight to fight against the ferocity nature and winter even fought against the local population to be able to survive everyday with a GDP that was only 2% of the world's GDP at that time. The United States is by no means considered a force to be reckoned with. My question is what are the factors that make the United States the largest economy in the world?

have you ever heard of the motto "American dream", that's what makes America one of the world's strongest economies, apart from that the educational factor is also very influential because the USA has the world's best campuses and many people dream of going to school there, apart from education there is innovation and research that continues to grow in America even a row of the world's richest people (most of whom are technology kings) are in the USA, there is also a factor because they control world trade with their dollars.

Other countries like China may be able to keep up with America because of their high population and also their trading level which has soared in recent times but to beat America, is really difficult.

Yes, it is very difficult to beat the US, but that does not mean it is impossible. I must admit that the United States has excelled in its rise and has maintained its dominance for over 100 years. Yes, the American dream is also spread a lot in my country, that is undeniable.
It can be said that sometimes they use the dirtiest tricks to hold back their allies, as well as inhibit the development of their opponents, but in their place, other countries will do the same. Because that's the way to stay in power.

But nothing in the world lasts and is at the top forever, history also shows that England, France, and Spain were once the kings of the world before being surpassed by the US. Therefore, it is only a matter of time before another country emerges and replaces the US. China is America's biggest competitor, but whether they can succeed, we'll have to wait and see.

[Jawhead999]

It mostly depends on the citizens behavior to work hard, want to get rich and anything related with financial. The government need to work and being transparent, if they're keep corrupting and not want to make their country developed, in the end only few people are rich and most people are poor, which make the economy on that's country isn't good in general.

China is America's biggest competitor, but whether they can succeed, we'll have to wait and see.

If we talk about the economy sector, I believe China will succeed and overtake America. But if Biden don't happy with it and will try anything to beat China, America can still become the biggest economy in the world because they might threaten China with their military power or cut/restrict China's expedition.

[famososMuertos]

Oh, but OP!,  this is general culture... in any case one moment; let's start with the arrogance of saying "America," you must add the United States, before.

There is that Anglo-Saxon tendency to mention U.S. as "America" and nothing could be further from reality.

So when I read your title I thought things were going that way, starting with Treaties like the USMCA, which includes the three big ones from the north, Mexico, Canada and the United States.

There are treaties with Central America and South America, etc. You can understand then thepoorly raised of your title in relation to your context.

By the way, its context is a classic question that is well documented, but in the short idea of explaining it as the United States of being a country of Cowboys and Indians, it became the economic power it is today, I think it is mainly due to trains. 

By the way, a question of interests associated with the subject, do you know who is behind one of the largest railway purchases in the history of the United States?

USMCA:https://ustr.gov/trade-agreements/free-trade-agreements/united-states-mexico-canada-agreement
https://en.wikipedia.org/wiki/Rail_transportation_in_the_United_States

[Darker45]

The massive growth of the American economy started during the industrial revolution in the 1800s. The standard of living of average Americans shot up with the mechanization of the different production processes in the country. The output has made a huge leap thanks to the technologies and modern machineries that made production tasks a lot easier and faster. But besides the modern tools that helped a lot in the economic growth of the country, the US is also endowed with abundant natural resources.

[Patrol69]

America is a country where many factors work behind their being the largest economy in the country. But there are some basic reasons why America can be the largest economy in the world,

Firstly their country is a very good environment for investment and business. Free business opportunities in America through which loans can be easily taken for various business related matters contribute significantly to the economic growth of their country. 

Advanced technology plays a big role for the economic development of their country. We know that America's technology is very advanced in the world, they play an important role for the country's economy through the use of advanced technology in the business sector. 

America is a country that has diplomatic relations with almost all the countries of the world and because of this diplomatic relations all the countries around the world are directly connected with their countries this huge business circle has helped to make their country the largest market system. 
Basically, because of all these, America is the largest economic country in the world.

[GigaBit]

Generally the economy of a country is strongly depending on various factors. We know that today America is a self-sufficient country. America has a large share of natural resources. Their GDP is also good. Also they are ahead of the technology. Their names are first in various major researches. In terms of technology, it has the number one position in the world. Moreover, their communication system is also good as a result of which investors from different countries are encouraged to invest in their country. America has been in the leading position economically for a long time. But the financial situation is subject to change at any time. Depending on the above factors if a country can move forward then that country can become economically strong.

[amishmanish]

Three things:

1. The inherent "Hustle" that is the core of American philosophy. that if you work hard enough you can achieve the "American Dream"

2. Their open-ness to immigrants and welcoming them. America was built by immigrants and even today, its most powerful companies continue to be managed by several who can trace their roots to different countries.

3. Free market competition. The best and the smartest companies survive.

[Mr. Magkaisa]

From the best of my knowledge on international Economy, all countries have their own best economy. If America Economy is the best Economy, America Economy would have shaping other countries economy their best nature but all economics are equal and no one is superior to another. America imposes their economy to other countries for survival.

American Economy was taken as the world accepted economy based agreement between American and Britain n the world war two (2). I will not go into detail. So saying American Economy is the best in the world is like a mockery to me because I know the reason.

     -  If I find out on google, the result will show that America is the leader and China is following, so I'm just wondering because despite everything that America is the leader, the country of America is too deep in debt to say the least. let's see that their dollar is not backed by gold.

Just like other countries are backed by Gold, I don't know if this is still relevant to what we are talking about, but it just crossed my mind that's why I asked.

[DrBeer]

As someone who has studied America in college, I can say that the lack of human rights for centuries could be a good start? I mean lets face it the whole world had slaves to a point, but USA took over a whole continent and spread slaves all around to get them super rich. I am not saying that there were no slaves in any other nation, surely there were, but most of them didn't had the infrastructure to be this big, whereas USA tookover a whole lot of land, made farms out of it for free, literally gave town sized farms to people, and then gave them dozens of slaves, and that allowed them to grow crops that would be sold everywhere, and there were untouched natural resources such as gold and other stuff as well, whereas other places were mostly mined. In the end when you have such a "good" start by doing so bad (they literally didn't let people sit in certain places for their color until recently, people are alive from that period) you can definitely grow bigger later on. That mindset kept going, they started to think that they are better than anyone else and can invade wherever they want if they see something wrong going on, like that's somehow their right to do, and took the resources from the lands they invade as well, this is as recent as we all can remember. So I am sorry but when you ignore human rights, like China, like USA, like Russia, then you can grow so much.

Oh, I beg you! Instead of accepting the reality that people just have more opportunities there, you are again "playing the record about slaves." When was the slave system abolished in the USA? Name in front of everyone? 1865! Mass migration of slaves was only in the 19th century. And you are also confusing the period of Spanish colonization, which began in the 17th century and was not of a massive nature.
But here for some reason you forget "selectively" that in China, the USSR and some other "people's, philanthropic countries", the slave system really existed until the end of the 20th century! Don't believe? I will give you an example of the USSR, where there was "socialism, equality, ..." and other fairy tales. The collective farmers of the USSR received the rights, the opportunity to receive a salary not in food, but in full money, and freely LEAVE their place of residence ... in the 1970s!
The enslaved peoples in the USSR never received any compensation. In contrast to the granted rights and opportunities for the heirs of former slaves to a small part of the US population. So the topic of slave labor, as the basis of the welfare of the United States, is discarded

UPD A bit of history, for general development:

In the 1770s, blacks throughout New England began sending petitions to legislatures demanding freedom. Many issues of slavery were discussed in the Constitutional Convention, and at that time the issue of slavery was the main obstacle to the passage of a new constitution. As a compromise, the institution of slavery was recognized, although it was never explicitly mentioned in the constitution, as in the case of the Fugitive Slave Clause. By 1789, five northern states had adopted policies to at least gradually abolish slavery: Pennsylvania (1780), New Hampshire and Massachusetts (1783), Connecticut and Rhode Island (1784). Vermont abolished slavery in 1777 while it was still independent, and when it joined the United States as the 14th state in 1791, it became the first state to join untainted by slavery. Thus, these were the first laws passed to abolish slavery throughout the "New World". By 1804, all of the northern states (including New York in 1799 and New Jersey in 1804) had already abolished slavery, or adopted a set of measures to gradually abolish it.

In the south, the slave states of Kentucky were formed (after separating from Virginia in 1792), and in 1796 Tennessee after separating from North Carolina. In 1804, before the creation of new states from the federal western territories, the number of slave and free states was eight each. The symbolic boundary between the free states of the North and the slave states of the South was the Mason-Dixon Line.

In 1787, the United States Constitutional Convention discussed slavery and slavery was the main obstacle to the adoption of a new constitution. As a compromise, the institution of slavery was recognized, though not explicitly mentioned in the Constitution, as in the case of the Fugitive Slave Article. Since 1808, the import of new slaves into the United States was banned, but the domestic slave trade continued in half the states.

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Now tell us when the growth and development of the United States began? I will answer you - AFTER the abolition of slavery

[Captain Corporate]

First of all, I did mention Russia and China in my text already, so not like I said they were any good? I literally said that all the nations that are considered big today, had slavery up until recently. Also if you would like to talk about when it started and when it ended, when you have a full century of slaves, and not like they didn't exist before (when UK was in power and after the slavery was abolished as well) because paying someone a cent when a white guy gets 10 cents is still slavery. And like I said before, there are people alive today, who have seen period when they couldn't eat at certain places, or sit at certain bus spots, that's not really a long time ago. Even today, because the ghettos of black hoods came from a long line of slaves, they never improved whereas the whites who got rich off the backs of black slaves got better places and nicer hoods as well that got richer and forwarded that wealth to their kids. If you honestly think that economic power of USA has nothing to do with slavery, I am sorry but you have absolutely no idea about USA history. Like I mentioned, even up until this century, they literally went to war for fake reasons, turns out there wasn't any weapons of mass destruction, but instead got their oil so they can get richer. They literally killed hundreds of thousands of innocent Iraqis, and brought chaos and destruction to a place, destabilising a whole region... for more oil. I am sorry but if you think USA got the money from their own hard work, you are as wrong as wrong can be.

[siniminomorocomunisakito]

My first reason is because the US dollar is the world's reserve currency, giving America a significant advantage in international trade and financial transactions. Despite challenges and competition from other countries, the potential and resilience of the American economy make it a strong contender to maintain its position as the world's largest economy and what makes it more attractive is its strong economic foundation, advances in technology, a diverse and skilled workforce, and a business-friendly environment.

[slapper]

...
So the question now is why did America become such a big economic power? even though if we look at the history of America 100 to 200 years ago it was just a nomadic colony which was a runaway from the Europeans so at the beginning of their independence in 1776 the American people were still very far from the word prosperous, most people in America needed to fight to fight against the ferocity nature and winter even fought against the local population to be able to survive everyday with a GDP that was only 2% of the world's GDP at that time. The United States is by no means considered a force to be reckoned with. My question is what are the factors that make the United States the largest economy in the world?

have you ever heard of the motto "American dream", that's what makes America one of the world's strongest economies, apart from that the educational factor is also very influential because the USA has the world's best campuses and many people dream of going to school there, apart from education there is innovation and research that continues to grow in America even a row of the world's richest people (most of whom are technology kings) are in the USA, there is also a factor because they control world trade with their dollars.

Other countries like China may be able to keep up with America because of their high population and also their trading level which has soared in recent times but to beat America, is really difficult.

Yes, it is very difficult to beat the US, but that does not mean it is impossible. I must admit that the United States has excelled in its rise and has maintained its dominance for over 100 years. Yes, the American dream is also spread a lot in my country, that is undeniable.
It can be said that sometimes they use the dirtiest tricks to hold back their allies, as well as inhibit the development of their opponents, but in their place, other countries will do the same. Because that's the way to stay in power.

But nothing in the world lasts and is at the top forever, history also shows that England, France, and Spain were once the kings of the world before being surpassed by the US. Therefore, it is only a matter of time before another country emerges and replaces the US. China is America's biggest competitor, but whether they can succeed, we'll have to wait and see.

It's China, the US's worst opponent! They're rising fast, so credit them. Sorry, but it's true. They're a tough opponent, even though we dislike them.

Keep in mind that America's ascension to world dominance took time. Our place was earned by years of hard work, devotion, and luck. China has failed to match the US's might and influence. Being too comfy isn't an option. Never stop trying to improve. We can't allow China govern the world. To preserve our interests and stay on top, we must be vigilant and diligent.

Although nothing lasts forever, we may battle to stay on top. We should worry about China's danger and utilize every method we know to stay ahead. Because, folks, you can't fall behind if you want to win.

[Gallar]

Many factors have influenced the progress of the United States to become a very developed country in the world, moreover America has a large landmass, certainly saves many things and one of them.
Abundant natural resources America can progress as it is today cannot be separated from the so-called natural resources, because I believe the biggest key behind the progress of the United States is abundant natural resources. Because with abundant natural resources, industry will also directly experience progress. With abundant natural resources, America is rich in coal, gold, oil, iron ore and tin.

America has a smart and productive Society,
making all of the many natural resources that can be processed and can make the United States economy continue to rise to the top of the world.

The conclusion is that in my opinion America can become a developed country that has lasted a very long time until now, due to its abundant natural resources, and being able to use them very well.

[Smack That Ace]

China is America's biggest competitor, but whether they can succeed, we'll have to wait and see.

If we talk about the economy sector, I believe China will succeed and overtake America. But if Biden don't happy with it and will try anything to beat China, America can still become the biggest economy in the world because they might threaten China with their military power or cut/restrict China's expedition.

Using the military to compete for the top spot in the world is not a wise idea, I don't think it will turn out that way. I think the US will continue to implement aggressive economic policies as former President Trump did during his tenure and will use more drastic measures. That way, they can contain China for as long as possible, but it is very difficult to defeat China completely.
Militarily, they couldn't use it indiscriminately because they still had a strong enemy waiting for them if they revealed a weakness. Russia will not sit idly by when the US uses military force against China.

[Dickiy]

My question is what are the factors that make the United States the largest economy in the world?

The Protestant ethic and the spirit of capitalism. For those who do not know, there is a book with the same title.

While in most of the world societies followed to a greater or lesser extent a system of privilege, and in Germany a posh guy who never worked in his life, dedicated himself to writing a tedious piece of nonsense that would eventually lead to the greatest genocides of mankind, in the USA effort and talent were rewarded. The result has been the highest levels of development and welfare in history.

Yes, Protestants also form that trait in terms of very high liberality in America so that it makes people innovate or implement their work easily, this privilege is indeed very influential for America, especially since various kinds of systems have been formed in America and international organizations, both in social finance and others, exist in America, which makes various kinds of productive activities carried out by the community that provide development output.
In addition, America has many mining assets in other countries, although not on their land, for example, the gold mine in Indonesia, Freeport, is said to be the main source of income owned by America.

[DrBeer]

First of all, I did mention Russia and China in my text already, so not like I said they were any good? I literally said that all the nations that are considered big today, had slavery up until recently. Also if you would like to talk about when it started and when it ended, when you have a full century of slaves, and not like they didn't exist before (when UK was in power and after the slavery was abolished as well) because paying someone a cent when a white guy gets 10 cents is still slavery. And like I said before, there are people alive today, who have seen period when they couldn't eat at certain places, or sit at certain bus spots, that's not really a long time ago. Even today, because the ghettos of black hoods came from a long line of slaves, they never improved whereas the whites who got rich off the backs of black slaves got better places and nicer hoods as well that got richer and forwarded that wealth to their kids. If you honestly think that economic power of USA has nothing to do with slavery, I am sorry but you have absolutely no idea about USA history. Like I mentioned, even up until this century, they literally went to war for fake reasons, turns out there wasn't any weapons of mass destruction, but instead got their oil so they can get richer. They literally killed hundreds of thousands of innocent Iraqis, and brought chaos and destruction to a place, destabilising a whole region... for more oil. I am sorry but if you think USA got the money from their own hard work, you are as wrong as wrong can be.

Ok, let's go the long way
"but the US took over the whole continent and distributed slaves everywhere to make them super-rich" - your phrase? Yes
And I explain to you - no, the slave system was not the basis of today's greatness and power of the United States!
For the simple reason that the slaveholding system, first of all, was not total in all states, the entire continent was not captured, and this continued at the beginning of the formation of the country itself. If you want to talk about cheap labor power - this is how it is in all countries now, and the United States has nothing to do with it - it's the peoples themselves who choose governments that manage the economy so "skillfully"

All your arguments refer to the resource period - farms, gold. But US power is not in corn or gold bullion. The power of the United States is built on power, the army, technology, the most powerful industrial and high-tech industry.

And about human rights - tell everyone what, in your opinion, is violated in terms of human rights in the USA, China and Russia? Well, are you serious? Human rights in China and Russia? 

[davis196]

1.Lots of natural resources in North America.
2.The educated and hard working labor force, which was migrating from Europe to the USA in 19th and 20th century.
3.The freedom of doing business in the last 200 years(which actually declined in the last 20 years).
4.The lack of wars in the North American continent(after the American civil war in 1861-865).
5.The two world wars helped in boosting the US economy and turning the USA into the global financial center.
6.China and India had big economies 300 years ago, but they were heavily exploited by the European colonial powers, which destroyed most of their wealth back then. After it's liberation from Britain, the USA wasn't exploited by any European colonial power.

[Captain Corporate]

And about human rights - tell everyone what, in your opinion, is violated in terms of human rights in the USA, China and Russia? Well, are you serious? Human rights in China and Russia? 

I am not entirely sure if you read me well enough or not... I said Russia and China DO NOT care about human rights, I didn't say they have it, on opposite, I said they DO NOT have it, and I did this twice, this is the third time now. If you fail to understand it again, then I will simply ignore you and not repeat.

Lets see; Russia ; assassinations, political prisoners, millions dead in its history because they wanted more resources (grain taxing issues etc)
China, Uyghurs, work conditions, dead workers, Mao famine as well, just for more taxes.
USA: Indians (native Americans) Chinese, Blacks, slavery.

I can go on, but these are the proof that they did it, they all broke it, and now act as if they are good people, but the yare not, this is the history of it.

All those technological improvements? Came from the wealth the crop period allowed, you think a nation dealing with hunger would be able to build those technologies? You think a nation that was starving would be able to make more war with great military? You think a nation with poverty would be able to dictate policies around the world? They got so big, because they got a huge jumpstart with raping, pillaging, destroying others and as I started before, they still do it, as recently as a war that started merely 20 years ago and ended only recently. So keep your ethics to yourself, I will stick to my statement that RUSSIA, CHINA and of course USA all violated human rights to be as big as they are. So did UK by the way, lets remember how horrible UK history is filled with killing everyone and taking their stuff to be as rich as they are today.