Why America Can Be The Biggest Economy In The World?

[bbigtart]

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

What is certain is that America is the largest economic power in the world today because the first three factors are massive regional expansion, the second is the industrial revolution, and the third is the second world war. IMO, in the past the regions of Alta California, Baja California, Nuevo Mexico, Nuevo Leon, Texas were all Mexican territories as a result of independence from Spanish imperialism when Louisiana was bought by the US, conflicts arose around the territory of Texas until finally the Mexican war emerged 1846-1848 and the winner knows himself At that time the entire territory of Mexico was controlled by the US.

But then the US gave the territory of Mexico as it is now an independent country. The Kingdom of Hawaii was also controlled by the US for clichéd national security reasons, the breten woods agreement was the beginning of the establishment of the IMF and World Bank which of course was the main headquarters in the US. The Nixon era was the beginning of all trade in the world associated with the dollar and the SWIFT system was used throughout the world, until now 2 trillion dollars are circulating around the world. It's not wrong that the US economy is impossible to collapse and this is one of the reasons why the US is the largest economy in the world. Because this system is still being adopted even if a country carries out import and export transactions it has to pay in US dollars.

But US dominance is now slowly starting to fade after the emergence of the BRICS (Brazil, Russia, India, China, South Africa) and SCO and even Saudi Arabia have joined in and there are many more countries that want to join the BRICS, the aim of releasing dollar dominance in world trade in terms of In the economic field, the SCO releases political, social, and military domination from the domination of the US and its allies.

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[axxo]

America can be considered the biggest economy in the world is because United States has a large and diverse economy that is driven by various sectors such as technology, finance, healthcare and manufcaturing. America is also home to many of the world's largest companies and has a highly skilled work force. United States has a stable political system, strong institutions, and a well developed legal framework that supports business and economic growth. This creates an environment that is conducive to investment and entrepreneurship. It has also a large domestic market that provides businesses to grow and expand. The country has a strong export sector that allows American companies to sell their products and services to other countries.

[DrBeer]

In my opinion, the most influential factor was that the USA became the strongest economy because it won World War 1 and World War 2, when the Soviet Union cold war occurred at the end of 1990, the USA also won and made almost all opponents lose, this of course had a strong impact on the economy, and of course make the USA have high trust to regulate the world economy.

These are the laws of competition - the smartest and strongest wins. That is exactly what the United States was. And here we can refer to another "biological example". I apologize for some comparison with the animal world, but this is a natural process and there is no other way to describe it
As a rule, "mestizos" of different breeds give offspring that absorb all the best from their predecessors. One type adds and enhances the shortcomings of the first and vice versa. It happened exactly the same in the USA - a large number of people from different countries, cultures, social strata, gave just such an effect of strengthening or synergy, which ultimately made the USA what they are now. This is one of their unique features, which is hardly possible in other countries.

[Lorence.xD]

In my opinion, the most influential factor was that the USA became the strongest economy because it won World War 1 and World War 2, when the Soviet Union cold war occurred at the end of 1990, the USA also won and made almost all opponents lose, this of course had a strong impact on the economy, and of course make the USA have high trust to regulate the world economy.

For sure it also have an impact to it's economy of the country. Even the other country could even have influence that could affect their economic situation. For example one country would be needing support from other country, of course if you give them the supplies of products then it's either the country would be in debt or would be paid. America winning the war would cause them to have power which makes them have the opportunity to improve their economic situation. Now you could see dollar currency in worldwide which shows their influences to other countries.

[irhact]

The main reason is because America is a developed country which also has the most advanced technology in the world so that many global people come to America to become technological innovators.
Besides that, America is also the second home for business players on social media and in terms of the level of spending in technology, America exceeds other countries. and another reason why the USA is a country that has the world's largest economic progress is because America is one of the countries with the most competitive economy and America is in a period of revival of energy production

I think it's because of the past life of the early citizens of America. American accepted immigrants when the rest of the world weren't. It's the immigrate that built American starting from the days of slavery that was high in the state to accepting them and giving them a home which made the immigrate contribute their knowledge to the building of the country economy.

America isn't the best country for technological advancement, we have other countries that have technology more than them yet they're not considered to be the biggest economy in the world. American is always developing which is why they'll always be among the top economy.

[Sayeds56]

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?

There are multiple  factors those  attributed to economic growth of United States, including political stability and good governance, geographical advantage, innovation, entrepreneurship, skilled labor force, establishment of institutions in particular educational ones, and above all prudent immigration policy and diversification. However, one key strength that has played a significant role in its emergence as leading economic power of the world is diversification coupled with wise and visionary leadership.

[Litzki1990]

America is a center of the entire world market. The economy of many countries directly depends on America. If America imposes economic sanctions on a country, various economic crises occur in that country. Goods are imported and exported to different countries of the world through America.  And the main reason America has the largest economic system is the expansion of business in their country. 
In America business sector is given a lot of importance and the government of the country helps those who are interested in doing business in various ways and as far as I know it is very easy for business people to take loans in that country. Seeing that they can maintain these things well, their country is the largest economic country in the world.

[Synchronice]

In this thread, I want to discuss the story of a country that for the last 100 years has succeeded in becoming the largest economic power in the world, especially if it's not the United States. even though about 150 to 200 years ago the American economy was nothing when compared to, for example, the British Empire, the Chinese empire and also the kingdoms in Hindustan, but only in a short time, the current American country could become a giant power in proportion to GDP (Gross Domestic Product). reached 24% of all GDP in the world.

How can you compare 18th America to the Chinese empire and if you want a better example, here it is: The Roman Empire. But you can't compare them to each-other because the situation was very different, the education was very different, mentality, technology, etc. You are comparing apples to oranges.

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?

The USA has a big land with lots of resources, variety of climates, with mountains, lakes, rivers, deserts, and islands, with oceans around it for external trades and transportation and rivers for internal trades and transportation. You have to keep in mind that The USA started as an extension of the Great Britain. This brought all the scientific, engineering, medical and other achievements available to learn for Americans. So, because of brits, the USA quickly leveled up. Then the world war started, the WW1 and WW2, this is the time when all the modern and well-established European countries are bombing and destroying each-other while an isolated America continues developing and improving. A lot of people from Europe migrated into the united states, that means a lot of skilled workers, farmers, scientists, engineers moved into the USA. After the end of world war 2, the whole Europe had to rebuild and put all the resources into it. America, that hasn't been bombed and that has taken all the advantages in world wars, now was the only one standing unaffected with great strength and power. America took advantage of it and took all the greatest scientists of Germany, this was something that people ignore but it was tremendous achievement too. The USA offered money and resources to destroyed Europe and EU did so but everything has the price, so, that's how EU become dependent on the USA, there we have NATO, US dollar and all the other things that make us dependent on America.

[Sayeds56]

America is a center of the entire world market.

It is true that USA has significant influence on world economy and that economies of many countries are interconnected with it. As a central hub of the international trade, the economic polices and regulations of USA can have far reaching effects on global trade. However, it is not sole determinant player in global economic conditions. There are other major players, such as China, European union, japan and many oil producing countries like Saudi Arabia have significant impact on global economy through their influence on energy prices and supply.

[Dunamisx]

America is a center of the entire world market. The economy of many countries directly depends on America.

The economy in America is well treated with a serious and professional handling unlike in other countries where they creates uncertainties on how they run their economy by being dependent on other countries like America for sustainability, in US today, you could see how they monitor their entire aspects of the economy, how they were being strict in adherence to the law guiding the economy affairs and how they have also designed plans for a successful run in their economy, they also monitors the income level, poverty rate, unemployment level, labour force, GDP, tax and other income revenues all under monitoring.

[DrBeer]

"After the end of world war 2, the whole Europe had to rebuild and put all the resources into it. America, that hasn't been bombed and that has taken all the advantages in world wars, now was the only one standing unaffected with great strength and power. America took advantage of it and took all the greatest scientists of Germany, this was something that people ignore but it was tremendous achievement too"

Yes, this fact was, it is foolish to deny it. But now let's take the second fact: the USSR during the Second World War, took out from the territory of Eastern Europe, and Germany - thousands of factories, scientists, engineers, entire design bureaus, with documentation and equipment. For one thing, he did not disdain valuables from museums, personal belongings and savings of the inhabitants of Germany, as well as the accumulation of banks and financial institutions.
After that, the USSR occupied Eastern Europe, which it made its "servants" ... Having received millions of people and vast territories and funds for its "use" ... And the question is - compare the level of the USA and the level of the USSR?
At the same time, the territories of the United States did not increase, museums and US banks were not robbed in Europe, factories were not massively exported ....
Why the USSR did not become "great" and did not become a world leader, and the ruble turned out to be a dummy ...
The difference is that in the USA they COULD create conditions for DEVELOPMENT, but the USSR did not

[jokers10]

...
we have NATO, US dollar and all the other things that make us dependent on America.

I'd say that it is possible to refuse all of that. Europe has euro to trade, EU can form it's own armed forces instead NATO, etc. But what for? To succeed you need both to compete and cooperate. We know for instance that small Ireland has a big semiconductor industry, and to develop this industry Ireland except own efforts had a huge US companies participation. It can refuse it, but why? From one of the most undeveloped countries on the continent Ireland became one of the most developed. And they also have their benefits of using euro, of being part of EU, etc. Competition and cooperation in conjunction.

So USA to stay attractive have to take the interest of their partners  into account. They stay the first, but their partners are not the least developed as well.

[puloweh555]

In this thread, I want to discuss the story of a country that for the last 100 years has succeeded in becoming the largest economic power in the world, especially if it's not the United States. even though about 150 to 200 years ago the American economy was nothing when compared to, for example, the British Empire, the Chinese empire and also the kingdoms in Hindustan, but only in a short time, the current American country could become a giant power in proportion to GDP (Gross Domestic Product). reached 24% of all GDP in the world.

Because in the past, America carried out a massive expansion, the goal of which was of course to control regions that were indeed rich in natural resources. And some have forgotten that one of America's benefits was when it participated in WW I and WW II. At that time, the Aryan nation's technology was actually very prominent, and more advanced than other European countries and the USA. America reaped the benefits by seizing the technology that the Nazis had when they won the battle. One of them is the mastery of rocket technology, during WWII it was only Hitler's troops who were able to develop long-range missile launches.

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?

There are 2 important assets for a country to become a developed country and at the forefront of its economy:
1. Natural wealth
2. Mastery of technology.

Countries with abundant natural wealth without mastery of technology will still be underdogs. Many countries have a lot of natural resources, but minimal technology. So that almost all sectors and lines rely on helping hands from other countries.

Likewise if the state is only able to master technology without the support of natural resources. Its progress will depend heavily on the support and cooperation of countries possessing natural resources, for example, Japan and Germany. Technologically they are quite advanced, but their management is limited due to the lack of local natural resources that can be processed.

[killerfrost]

I can make personal inferences when I see their environment attracting many researchers of many different fields around the world, it can be said that understanding helps them to grasp a lot of knowledge to develop in the world. various aspects of the field. And through that, they will also have a life full of material and spiritual values ​​around that understanding, but in my opinion, according to success, there are probably many other factors that I don't really understand, some information that I read through many documents about economic domination coming from some clandestine forces or underground governments that have controlled this world for hundreds of years also gives me many vague notions economic.

[DrBeer]

Because in the past, America carried out a massive expansion, the goal of which was of course to control regions that were indeed rich in natural resources. And some have forgotten that one of America's benefits was when it participated in WW I and WW II. At that time, the Aryan nation's technology was actually very prominent, and more advanced than other European countries and the USA. America reaped the benefits by seizing the technology that the Nazis had when they won the battle. One of them is the mastery of rocket technology, during WWII it was only Hitler's troops who were able to develop long-range missile launches.

As practice has shown, resources do not give any particular advantages. Look: Japan, Singapore, Taiwan - there are essentially no resources. Leaders in many areas around the world.
Russia, Iran, Iraq, Venezuela - the largest reserves of hydrocarbons and other resources. Russia, according to legend, generally has 40% + of the world's minerals ... And the question is - where are they on the world pyramid of the quality of life, the possibilities of the economy?

Yes, once resources were important, but this was true during the time of resource economies, and these are the Middle Ages and up to the 18th century. Then the century began ... yes yes yes - TECHNOLOGIES.
And those who understood and managed to reorganize, began to "grow" institutes and universities, select specialists and unique ones - they are now at the top of the world. And those who simply have a lot of resources look like savages from the Stone Age. Yes, and the funny thing is that they have no prospects. They drove themselves into the Middle Ages, and pulled on themselves the status of outcasts of a developed society.

[Fortify]

In this thread, I want to discuss the story of a country that for the last 100 years has succeeded in becoming the largest economic power in the world, especially if it's not the United States. even though about 150 to 200 years ago the American economy was nothing when compared to, for example, the British Empire, the Chinese empire and also the kingdoms in Hindustan, but only in a short time, the current American country could become a giant power in proportion to GDP (Gross Domestic Product). reached 24% of all GDP in the world.

right now even if for example compared to other countries, America is 20 times larger than the GDP of other countries, even the number of financial assets in America in 2021 then covers 28% of all financial assets in the world. in the same year, now entering America's natural wealth, it has the second largest natural resource in the world with a value of 45 trillion dollars which includes coal, natural gas, copper, gold, wood and many more specifically with gold America has the largest gold reserves in the world. world today, namely 8,133 tons. this gold reserve of America's wealth does not include its vocal vocal industry like Hollywood and also the music industry and also the technological empire that almost monopolizes access to information technology around the world.

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?

Just like the biological and natural selection process that goes into creating unique forms of specialized life. America managed to hit just the right type of ingredients that came together at the right time. From the earliest days they had near unfettered land and resources to expand their population rapidly, which gradually created the foundations for one of the most free societies that the world has ever seen. They managed to suppress religious interference relatively well, which allowed the richest to drive forward innovation. Combined with an effective set of rules, or laws, that were actually enforced in a (reasonably) fair manner, plus becoming the reserve currency of the world which allows great influence.

[panganib999]

Empires last a couple hundred years before they fall horrendously.

USA is no exception. The world is feeling its grip loosening upon the global economy, as greater superpowers like China are vying to take its place. Issues within its own society, massive gun violence, hyperinflation, continuous deterioration of the climate and the environment (granted this one's on a global scale but they are the main offenders) and a lot more that spells doom for the once glorious state nation that is America. So when people say that USA can become the biggest economy in the world, I laugh. There's immutable evidence laid in front of our eye sockets, all we have to do is open our eyes and see America for the sick man it is right now. I sure hope there's a turn around still, but all roads lead towards that dreadful path.

[sana54210]

"After the end of world war 2, the whole Europe had to rebuild and put all the resources into it. America, that hasn't been bombed and that has taken all the advantages in world wars, now was the only one standing unaffected with great strength and power. America took advantage of it and took all the greatest scientists of Germany, this was something that people ignore but it was tremendous achievement too"

Yes, this fact was, it is foolish to deny it. But now let's take the second fact: the USSR during the Second World War, took out from the territory of Eastern Europe, and Germany - thousands of factories, scientists, engineers, entire design bureaus, with documentation and equipment. For one thing, he did not disdain valuables from museums, personal belongings and savings of the inhabitants of Germany, as well as the accumulation of banks and financial institutions.
After that, the USSR occupied Eastern Europe, which it made its "servants" ... Having received millions of people and vast territories and funds for its "use" ... And the question is - compare the level of the USA and the level of the USSR?
At the same time, the territories of the United States did not increase, museums and US banks were not robbed in Europe, factories were not massively exported ....
Why the USSR did not become "great" and did not become a world leader, and the ruble turned out to be a dummy ...
The difference is that in the USA they COULD create conditions for DEVELOPMENT, but the USSR did not

The talk about that period was that when USSR took over those nations two things followed; one is the fact that half of that was demolished from the war so it had to be rebuilt which cost USSR a lot of money to rebuild, after it was rebuilt back up it would be a good place again but it was just investment coming back, while they were busy building whole nations from start, not towns, not cities, whole nations, USA was busy building tens of thousands of cars out of assembly line and selling it to the world.

I am not saying that it was exactly this that changed it all, but I have to say there was a bit of this in the mix as well, after all spending a lot to recover was a big deal, and definitely did put a dent on USSR budget, but then eventually helped it instead of hurt it.

[GeorgeJohn]

American will continue to be a biggest economy in the world because they are reserved and also knows the good method of handling things, do you know that American has crude oil but they don't like drilling their oil rather they prefer purchasing oil from other countries and conserved their oil as it may implies, so people or nation that have such ideas can not be said to lack, because they are creative and industrious, in the aspect of government they are good in governance, so I believe that any country who is capable of handling it's economy and control or manage economical inflation of a country will not suffer for economical crisis's, so I believe that is one of things that will make America be a biggest economy in the world

[jokers10]

Empires last a couple hundred years before they fall horrendously.

Looks like you know not much about history of empires, there is no system of 2 centuries life for empire: some stay much longer, some disappear much faster. If you will try to divide history of for instance Rome to several 2 centuries parts it will be far-fetched.

USA is no exception. The world is feeling its grip loosening upon the global economy, as greater superpowers like China are vying to take its place. Issues within its own society, massive gun violence, hyperinflation, continuous deterioration of the climate and the environment (granted this one's on a global scale but they are the main offenders) and a lot more that spells doom for the once glorious state nation that is America. So when people say that USA can become the biggest economy in the world, I laugh. There's immutable evidence laid in front of our eye sockets, all we have to do is open our eyes and see America for the sick man it is right now. I sure hope there's a turn around still, but all roads lead towards that dreadful path.

We can remember the Great Depression and say that USA are sick for so long! But it doesn't prevent them from being the first economy in the world right now. As for China... it is not an expansionist nation so it spreads its influence the other way. Who knows what we'll see, but I'd say that China is not going to be a world leader at the moment, they prefer to do their own business.