Nobody downloaded yet

The Economic Dominance of the United States - Essay Example

Comments (0) Cite this document
Summary
In the paper “The Economic Dominance of the United States” the author discusses hegemony of the USA over the world economy and, during the years that it had dominance, its influence spread all over the world. The economic dominance of the US was because its economy was basically in private hands…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.5% of users find it useful
The Economic Dominance of the United States
Read TextPreview

Extract of sample
"The Economic Dominance of the United States"

Download file to see previous pages On the other hand, however, people who worked in the Soviet economy were given very little incentive to be more productive. Everybody was given a quota to meet and once that was done, then no more was required of them.
The economic dominance of the United States was because its economy was basically in private hands with very little interference from the government. The encouragement of private enterprise in the United States is the reason why its economy prospered and why the most dominant multinationals in the world at that time came from this country. When compared with other economic powers such as that of the Soviet Union, the latter’s did not have enough opportunity to ensure that it was diversified enough to stay competitive on the global scene. While the United States economy remained dominant for a period of some thirty years and benefitted many of its citizens, it was also detrimental to many people, not only in the United States itself but also in the developing countries where its companies conducted their activities.
The capitalist economic system of the United States created a situation where there developed an unprecedented level of unemployment not only within the country but also in developing countries (Keohane 5). Because of the vicious and predatory nature of the capitalist system, one of the main causes of unemployment was when companies went out of business. In many instances, this came as a surprise and people were hardly ever prepared in case they were suddenly unemployed. Gerschenkron is of the opinion that the United States’ economy was maintained through its exploitation of the developing countries, the latter being the source of cheap raw materials for the American industries (102). ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Economic Dominance of the United States Essay”, n.d.)
The Economic Dominance of the United States Essay. Retrieved from https://studentshare.org/history/1622057-iva-attached-the-file
(The Economic Dominance of the United States Essay)
The Economic Dominance of the United States Essay. https://studentshare.org/history/1622057-iva-attached-the-file.
“The Economic Dominance of the United States Essay”, n.d. https://studentshare.org/history/1622057-iva-attached-the-file.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Does China threaten U.S. global economic dominance
.... But a lot of things could happen before 2030. Take the example of Japan who almost unseat the U.S. in 1980s, but speculations on this did not materialize due to excessive trade surplus similar to what China is in right now. What stands on the way of China for becoming number one, and being the world’s economic power? Let us take a look at the important demographics. Although China’s population today is 1,336,718,015, four times larger than the United States, its prime working age population of 20 to 35 years old continue to shrink because of its one child policy iv. Also, the vast majority of the population living in the rural areas is either very old or very young. Due to the large...
4 Pages(1000 words)Research Paper
Hispanics in United States
.... In the period 1990 to 2000, the Hispano-American population grew by almost 10000000 people, accounting for 38 % of the country’s total growth of population as the decade was running. Hispano-Americans are anticipated to be the 51 % of the people between the 2000 and 2050 which will lead the Hispano-Americans being the 98 000000 by the mid century, so showing about 25 % of the net United States population and significantly more than their current population. Around 2000, Hispano-Americans were the biggest minority community already among the kids and, by 2005, Hispano-Americans outdone Blacks as the country’s largest minority community among all. (U.S. Diplomatic Mission to Germany, 1) Hispano-Americans...
8 Pages(2000 words)Research Paper
Economic Inequalities in The United States
...been involved in the search of the possible social solutions to the increased inequality. The possible solutions include reducing taxes on the income of the low class group, increased taxes on the wealth and income of the high class group and adjusting the social security tax. Social nature of the problem Economic inequality exists in the United States due individuals having varied amount of money, power or even prestige. This problem creates different social classes among the people. Individuals in higher classes enjoy higher income and have continued to accumulate their wealth, while the lower class individuals in the society incur higher rates of taxes on their low income. As...
8 Pages(2000 words)Research Paper
The United States Economic
...for reducing interest rates in the short term. List of References Jones, Charles I. (2008). Current Macroeconomic Events, http://www.wwnorton.com/college/econ/chad/CurrentEvents2008.pdf, Accessed on 13 November, 2011. Moss, David A. (2010). A Macroeconomic View of the Current Economy, http://hbswk.hbs.edu/item/6332.html, Accessed on 13 November, 2011. Sherry, Charles. (2011). Macro Economic Events Still Dominate, http://www.economy-tomorrow.com/2011/06/, Accessed on 13 November, 2011. Perelstein, Julia S. (2009). Macroeconomic Imbalances in the United States and Their Impact on the International Financial System, The Levy Economics Institute. Tanous,...
7 Pages(1750 words)Term Paper
Does China Threaten U.S. Global Economic Dominance
...Does China Threaten U.S. Global Economic Dominance? Does China threaten U.S. global economic dominance? This question becomes more pressing because China’s meteoric rise has already come to a point that it is threatening United States position as a world power. In 2010, China became the second largest economy in the world. It overtook Japan, Germany, UK, France and all other industrialized countries in Western Europei. As of today, it registered a phenomenal growth rate of 9.7% (second quarter of 2011) despite the volatile international situation which is way ahead of the dismal 2% growth rate of United...
5 Pages(1250 words)Research Paper
Economic Crisis in the United States
...? Economic Crisis in the United s POL 201 Janice Hodge Dovie Dawson March 19, Analysis of the 2008-2009 Economic Crisis in the US: The Root Causes and the Policies Implemented The magnitude of the US economic crisis in 2008-2009, having affected millions of peoples’ lives not only within and outside the nation, is comparable to 1930’s ‘Great Depression’; thus it is dubbed the ‘Great Recession’ (Katkov, 2011, p. 898). Various explanations as to the root causes of the crisis have been given, essentially blaming it either on market failure (i.e. corporate mismanagement, Wall Street’s risky undertakings, and banks’ fraudulent practices and toxic instruments) or government...
9 Pages(2250 words)Research Paper
United States Court System
..., in reality a complex system of collaboration between judges, prosecutors, and defense lawyers is usually present. In the U.S. court system, members of the courtroom work team create guidelines about how specific kinds of cases must be dealt with and what type of petitions is legitimate for particular kinds of offenses (May et al., 2007, 159). At present, the United States implements a dual system of state and federal courts that often work autonomously, even though state cases are often petitioned to the federal courts. The dual court system developed from the belief of the founding fathers that every state has to have substantial judicial sovereignty...
6 Pages(1500 words)Research Paper
United States v. Wade
...was violated as the line up was done without any legal counsel present to advise the accused of his rights. The courts denied the motion, resulting in the conviction of Wade in the end (n.d., “United States v. Wade). This led the defense to file a motion before the Supreme Court in order to request that they resolve the issue of allowing courtroom identifications of an accused to be excluded from evidence since the events surrounding the identification process was done without the presence of counsel. The events before the trial at the post indictment line up was therefore illegally conducted and was violation of his client's Fifth Amendment Rights (n.d., “United States...
4 Pages(1000 words)Case Study
Economic History Of The United States
..., the Congress has authorized $ 120 million for dredging. River transportation which is so vital for US commerce still remains subject to the vagaries of the weather. (Summary of the article: “Drought hurts shipping industry, raises prices” by Mollie Bloudoff- Indelicato, Climate Wire, 27 July 2012). In our course on The Economic History of the United States, we have learned how the invention of steamboats caused a surge in river transportation of agricultural produce that helped settlers in the mid-west transport farm produce to the population centers in eastern United States. This improvement in river transportation of materials also led...
1 Pages(250 words)Essay
Discuss the processes and consequences of European-American dominance of the political, economic, religious, and cultural institutions of the United States
...Introduction The natives Americans are people who have lived in American for thousand years. They are the descendants of the first people thought to have crossed to the North American from Alaska. Most of those people are estimated to have made to northern parts of American in Approximately Twenty-six thousand years ago. Many years later saw the arrival of Europeans, Africans, and Jews. As such, Americans are characterized by different people from different parts of the world. The United States was dominated by European-Americans, other groups were minor, and they include Africans, Asians, Arabs, and Natives American. Domination by the European-Americans brought...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic The Economic Dominance of the United States for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us