The United States Economy

The United States Economy

Introduction

The United States of America is one of the largest and strongest economies of the world. Beginning in the 16th century, the economy of the United States grew from several marginal farming colonies into one single economy in 1776 and in the next two hundred and thirty six years, it has become the economy that makes up almost one quarter of the entire globe (Feldstein, 2009). The US economy witnessed further expansion in the 1990s, after the fall of the Soviet Union in the late eighties and the technological advancements that the world witnessed ...