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Feb 14, 2023 · Its economy had surpassed the United Kingdom's to become the world's largest. Economic growth was supercharged by increased production of steel and the adoption of new sources of power like oil. The United States boasted a powerful—and tested—navy, which could defend U.S. interests both in the Americas and now further afield.
Dec 24, 2014 · Before the 1914 war, the great economic potential of the U.S. was suppressed by its ineffective political system, dysfunctional financial system, and uniquely violent racial and labor conflicts ...
Nov 28, 2016 · From a colony to a superpower in 200 years. The next crucial step, though, came after World War II. The United States was the only country to emerge from the war in strong economic and military ...
- An entrepreneurial culture. Individuals in the U.S. demonstrate a desire to start businesses and grow them, as well as a willingness to take risks. There is less penalty in U.S. culture for failing and starting again.
- A financial system that supports entrepreneurship. The U.S. has a more developed system of equity finance than the countries of Europe, including angel investors willing to finance startups and a very active venture capital market that helps finance the growth of those firms.
- World-class research universities. U.S. universities produce much of the basic research that drives high-tech entrepreneurship. Faculty members and doctoral graduates often spend time with nearby startups, and the culture of both the universities and the businesses encourage this overlap.
- Labor markets that generally link workers and jobs unimpeded by large trade unions, state-owned enterprises, or excessively restrictive labor regulations.
But China’s large and growing economic power allows it to build armed forces that aim to surpass America’s. This tests not only the United States’ unsought position as the world’s great power, but also the liberal international order that has been the principal U.S. foreign policy and security objective for a century.
Nov 21, 2019 · The United States is much more powerful than past lead states. With 5 percent of the world’s population, the United States accounts for 25 percent of global wealth, 35 percent of world innovation, and 40 percent of global military spending. It is home to nearly 600 of the world’s 2,000 most profitable companies and fifty of the top 100 ...
May 20, 2015 · The aircraft carrier USS Harry S. Truman sails in the Atlantic in 2012. We take it for granted that the United States is the most powerful country on Earth today, and perhaps in human history. The ...
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