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The U.S. economy is heavily dependent on road transport for moving people and goods. Personal transportation is dominated by automobiles, which operate on a network of four million miles (6.4 million km) of public roads, [340] including one of the world's longest highway systems at 57,000 miles (91,700 km). [341]
The economic history of the United States is about characteristics of and important developments in the economy of the U.S., from the colonial era to the present. The emphasis is on productivity and economic performance and how the economy was affected by new technologies, the change of size in economic sectors and the effects of legislation and government policy.
The United States is a federal republic of 50 states, with its capital in a federal district, asserting sovereignty over five unincorporated territories and several uninhabited island possessions. [198] [199] The world's oldest surviving federation, [200] the U.S. has the world's oldest national constitution still in effect (from March 4, 1789).
The Bureau of Economic Analysis's advance estimate of first quarter US gross domestic product (GDP) showed the economy grew at an annualized pace of 1.6% during the period, missing the 2.5% growth ...
e. In United States history, the Gilded Age is described as the period from about the 1870s to the late 1890s, which occurred between the Reconstruction Era and the Progressive Era. It was named after an 1873 Mark Twain novel by historians in the 1920s who saw this interval of economic expansion as an era of materialistic excesses combined with ...
e. The economic impact of the COVID-19 pandemic in the United States has been widely disruptive, adversely affecting travel, financial markets, employment, shipping, and other industries. The impacts can be attributed not just to government intervention to contain the virus (including at the Federal and State level), but also to consumer and ...
The Great Depression (1929–1939) was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, leading to a period of economic depression. [1] The economic contagion began around September 1929 and led to the Wall Street stock market crash of ...
The US, Canada and Mexico have significant and multifaceted economic systems. [11] In 2011, the US has an estimated per capita gross domestic product (PPP) of $47,200, and is the most technologically developed economy in North America. [11] The United States' services sector comprises 80% of the country's GDP (estimated in 2017), industry ...
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