Question

Why would the United States ‘flourish at an unimagined rate’ in the 20th century? Give several reasons.

Answer 1

The reasons are the following:

-The U.S economy became a post-industrial globalized service dominated economy.
-The U.S dollar became the world’s foremost reserve currency resulting to high trading partnerships with best countries that have high economies.
-It has the most number of stock exchange, largest manufacturing capacity, and the largest in oil production.
-The economy is also characterized by high technology infrastructure and large productivity.

Answer 2

The U.S economy is a post-industrial globalized service dominated economy. The U.S dollar is the world’s foremost reserve currency, and has extensive trading partnerships with the world’s next biggest economies. It has the biggest stock exchange, greatest manufacturing capacity, and huge oil reserves and production. The economy is also buoyed by high productivity and well-developed infrastructure.