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The United States included among its aims in World War I the defense of democracies, and after WWII attempted to institutionalize democratic systems in countries that had lost the war (such as Germany and Japan); meanwhile during the Cold War, democracy promotion was a distant goal, with security concerns and a centering of policy against ...
Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents. This difference is found in economic variables including job creation, GDP growth, stock market returns, personal income growth, and corporate profits.
The United States economy was mostly agricultural with increasingly industry throughout the first third of the 19th century. Most people lived on farms and produced much of what they consumed. A considerable percentage of the non-farm population was engaged in handling goods for export. The country was an exporter of agricultural products.
Tariffs in United States history; Protectionism in the United States; Friedrich List, German-American economist; Import substitution industrialization, a key feature of the American System adopted in much of the Third World during the twentieth century; Lincoln's expansion of the federal government's economic role; National Policy, a similar ...
Adam Przeworski and Fernando Limongi argue that while economic development makes democracies less likely to turn authoritarian, there is insufficient evidence to conclude that development causes democratization (turning an authoritarian state into a democracy). [75] Economic development can boost public support for authoritarian regimes in the ...
In the United States, the solution was the creation of political parties that reflected the votes of the people and controlled the government (see Republicanism in the United States). In Federalist No. 10, James Madison rejected "pure democracy" in favour of representative democracy, which he called "a republic". [96]
[41] [42] According to the V-Dem Democracy indices the United States were 2023 the 27th most electoral democratic country and 3rd most participatory democracy in the world. [43] In foreign affairs, the United States generally pursued a noninterventionist policy of "avoiding foreign entanglements" before World War II.
The United States has a highly developed mixed economy. [44] [45] [46] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [47]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]