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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, [ 339] including one of the world's longest highway systems at 57,000 miles (91,700 km). [ 340]
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.
In the United States, the Great Depression began with the Wall Street Crash of October 1929 and then spread worldwide. The nadir came in 1931–1933, and recovery came in 1940. The stock market crash marked the beginning of a decade of high unemployment, poverty, low profits, deflation, plunging farm incomes, and lost opportunities for economic ...
The history of the United States from 1865 to 1917 was marked by the Reconstruction era, the Gilded Age, and the Progressive Era, and includes the rise of industrialization and the resulting surge of immigration in the United States . This period of rapid economic growth and soaring prosperity in the Northern United States and the Western ...
Blinder and Watson estimated the average Democratic real GDP growth rate at 4.3%, vs. 2.5% for Republicans, from President Truman's elected term through President Obama's first term, which ended January 2013. [ 1] This pattern of faster GDP growth under Democratic presidents continued after Blinder and Watson published their study; GDP grew ...
Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second quarter, according to fresh Commerce Department figures released ...
The history of the United States from 1945 to 1964 was a time of high economic growth and general prosperity. It was also a time of confrontation as the capitalist United States and its allies politically opposed the Soviet Union and other communist states; the Cold War had begun. African Americans united and organized, and a triumph of the ...
The US economy just got its latest health check, and it looks promising.. Gross domestic product, which measures all the goods and services produced in the economy, registered at a robust 2.8% ...