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When did the US’s economy become the biggest in the world?
By Rose | April 22, 2008
DiscoverPlatinum asked:
When did the US economy become the biggest in the world? Is there some sort of graph that represents all the biggest economies and when the US surpassed them? I’m just interested. Any graph or table from as far back as possible will be appreciated
Bevis
When did the US economy become the biggest in the world? Is there some sort of graph that represents all the biggest economies and when the US surpassed them? I’m just interested. Any graph or table from as far back as possible will be appreciated
Bevis
Topics: US Economy | 4 Comments »
April 22nd, 2008 at 9:38 pm
Because they threaten everybody and now look at it. Its in shambles
April 23rd, 2008 at 1:20 am
after WWI, during it they sold everything to both sides while the factory workers were fighting, due to this, improved technology, mass production and other factors in the 1920s it grew until the wall street chrash in 1929
April 25th, 2008 at 3:32 pm
That is probably impossible to answer, and at the moment, the European Union is larger, though smaller on a per capita basis.
The reason it would be so difficult is that the various world territories are changing. Do you count India as part of Britain until 1947? Do you retroactively look at economic levels of the EU using their colonial incomes?
The US became the only surviving economy out of World War II. Everyone else was flattened to ruble. The US became the largest by the end of WWII because it was the only one standing.
Likewise, WWII is what started the measurement of gross product, so our measures prior to that are interpolations based on partial data sets that were collected as tax records and so forth. For many countries, we are only now beginning to collect economic data, so the data set is not rich at all.
April 28th, 2008 at 12:51 am
After WW I we started to grow, but after WW II we really took off. We were the only industrialized country not left in shambles after WW II. Europe had to pay us to rebuild them. This is a very simplex explanation, but it was WW II that rocketed us to the power we are today.