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The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP .
As the United States demobilized from World War II, the decline in government spending caused a brief recession in 1945 and suppressed GDP growth for several years thereafter. However, private economic activity expanded at a brisk pace throughout this period. The expansion lasted just over three years, followed by another brief recession in ...
It ended with two pages of important dates in American history, beginning with Columbus' "discovery" in 1492 and ending with the Battle of Yorktown in 1781, by which the United States achieved independence. As Ellis explains, "Webster began to construct a secular catechism to the nation-state.
Based on the 2010 United States federal budget, total national debt will grow to nearly 100% of GDP, versus a level of approximately 80% in early 2009. [374] The White House estimates that the government's tab for servicing the debt will exceed $700 billion a year in 2019, [ 375 ] up from $202 billion in 2009.
The history of higher education in the United States begins in 1636 and continues to the present time. American higher education is known throughout the world for its dramatic expansion. It was also heavily influenced by British models in the colonial era, and German models in the 19th century.
This period of rapid economic growth and soaring prosperity in the Northern United States and the Western United States saw the U.S. become the world's dominant economic, industrial, and agricultural power. The average annual income (after inflation) of non-farm workers grew by 75% from 1865 to 1900, and then grew another 33% by 1918.
The US economy is on the verge of an extremely rare achievement. Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 16 December 2024. Education in the United States of America National education budget (2023-24) Budget $222.1 billion (0.8% of GDP) Per student More than $11,000 (2005) General details Primary languages English System type Federal, state, local, private Literacy (2017 est.) Total 99% Male 99% Female 99% ...