Economy of the United States

The economy of the United States is the largest national economy in the world. The gross national product of the United States in april 2007 amounted to 12.438.873 million US dollars against the number two of the world (Japan) 4.799.061 million u.s. dollars.



Content
[hide] *1 General  ==General[ Edit] == The United States are rich in mineral resources. The United States possess about 20% of the coal, 13% of the petroleum, and 24% of the natural gas reserves in the world. The oil is primarily won around and in the Gulf of Mexico, and in the States Alaska and Texas.
 * 2 History
 * 2.1 after the great depression
 * 3 the dollar
 * 4 the national debt
 * 5 negative trade balance
 * 6 see also

Due to the large surface area and the favorable climate, agriculture is always very important for the United States. The United States are market leader in the production of cheese, corn, soybeans and tobacco. Other important agricultural products are cattle, pigs, cow's milk, butter, cotton, oats, wheat, barley and sugar; It is the main exporter in the world of wheat and corn and rice in the third of the world's output. In 1995 the fisheries of the United States was fifth in the world in total production.Today, only 3% of the labour force works in agriculture. Thanks to the flat terrain in much of the Midwest and the high technological level of development is agriculture production is mechanized and vèrgaand still high. Also be many products exported by the forestry.

Although the country was virtually self-sufficient in the past, the increasing consumption, especially of energy, depending on the make of certain imports. Nevertheless, it is the largest producer of the world of both electricity and nuclear power. It leads all Nations in the production of liquid natural gas, aluminum, sulfur, phosphates, andsalt. It is also a major producer of copper, Gold, coal, crude oil, nitrogen, iron ore, uranium, silver, lead, zinc, mica, molybdenum and magnesium. Although production has fallen, the United States world leader in the production of pig iron and ferro-alloys, steel, motor vehicles and synthetic rubber.

The main export products of the u.s. are motor vehicles, aircraft, food, iron and steel products, electronic equipment, industrial and energy-generating machines, chemicals and consumer goods. Major import products include ores and scrap metal, petroleum and petroleum products, machinery, transport equipment (especially cars) and Office products. The most important trade partners of the u.s. are Canada (the largest bilateral trade relationship in the world), Mexico, Japan, the United Kingdom, Germanyand South Korea . The volume of trading has steadily increased. The gross domestic product has continued to increase, and today it amounts to $ 12 765 billion (12,76 trillion), with distance is the largest in the world. The development of the economy is spurred by the growth of a complex communications network.This consists not only of railways, roads, inland waterways and air transport but also telephone, radio, television, computer (including internet) and the fax. This infrastructure has not only promoted agriculture and production growth increased, but also contributed to the tourismrevenue and the shift to a service-based economy.In 1996 about 74% of Americans worked in the services sector. Among countries with a developed economy this is almost the highest percentage, only Canada has a larger service sector percentage.

The United States have all in all a werelddominerende economy, and the average income per person is high. This does not mean that everyone has a high income. The wealth is unevenly distributed. 1% of the population owns more wealth than 90% of the rest of the population together. And this gap seems to be larger: at the 25% income between 1979 and 1995 with arms dropped 9%, while that of the richest 25% increased by as much as 26%.

There is a big difference in the economic status of the various population groups. White and Asian families (excluding Hispanics) earning an average of one and a half to two times as much as Black or Hispanic families. [2] ==History[ Edit] == <p style="margin-top:0.5em;line-height:22.3999996185303px;color:rgb(37,37,37);font-family:sans-serif;">The economic history of the United States began when the Europeans in the 16th and 17th centuries in the US established. The American colonies were at the beginning a small, independent farming economy, the United States of America that were colonies in 1776. After 230 years, the United States has become a large,industrialized economy that was good for more than a quarter of the world economy. The main causes were a large unified market, a supportive political-legal system, vast areas of highly productive farmlands, vast natural resources (especially timber, coal and oil), and an enterprising spirit and commitment to investing in material and human capital. ===After the great depression<span class="mw-editsection" len="360" style="-webkit-user-select:none;font-size:small;margin-left:1em;line-height:1em;display:inline-block;white-space:nowrap;unicode-bidi:-webkit-isolate;"><span class="mw-editsection-bracket" len="1" style="color:rgb(85,85,85);">[ Edit<span class="mw-editsection-bracket" len="1" style="color:rgb(85,85,85);">] === <p style="margin-top:0.5em;line-height:22.3999996185303px;color:rgb(37,37,37);font-family:sans-serif;">In the times after the great depression in the thirties of the 20th century, high unemployment, recession periods and times of a slowly recovering economy seen as the biggest economic problems. But when the largest problems were tried by the u.s. Government to strengthen the economy or to spend a lot of money or just to reduce the very taxes so that consumers went out and more money by promoting the rapid growth of the money supply, making both consumers and companies were encouraged to spend more money. In the 1970s, the u.s. economy under heavy pressure by the Viet Nam war and high inflation. The result was that the Government decided to have a better control of inflation, limiting spending, the tax was not reduced and was to create a maximum on the amount of money raised. ==The dollar<span class="mw-editsection" len="348" style="-webkit-user-select:none;font-size:small;margin-left:1em;line-height:1em;display:inline-block;white-space:nowrap;unicode-bidi:-webkit-isolate;font-family:sans-serif;"><span class="mw-editsection-bracket" len="1" style="color:rgb(85,85,85);">[ Edit<span class="mw-editsection-bracket" len="1" style="color:rgb(85,85,85);">] == <p style="margin-top:0.5em;line-height:22.3999996185303px;color:rgb(37,37,37);font-family:sans-serif;">The (u.s.) dollar is the official means of payment in the US. It is also the most widely used currency in international trade. In addition, for example the oil and gold price in dollars. Many companies deal in dollars. Although the dollar the currency of the only remaining superpower is and so for a huge currency held, he delivers the last time very much in on the European euro and Chinese renminbi. Because of the low dollar rate in the US is exporting for companies that are established or have their head office in the US and so act in dollars, in an ideal location. For companies that export to the us, however, this is unfavorable because it is expensive for American companies to buy in other currencies. ==The national debt<span class="mw-editsection" len="354" style="-webkit-user-select:none;font-size:small;margin-left:1em;line-height:1em;display:inline-block;white-space:nowrap;unicode-bidi:-webkit-isolate;font-family:sans-serif;"><span class="mw-editsection-bracket" len="1" style="color:rgb(85,85,85);">[ Edit<span class="mw-editsection-bracket" len="1" style="color:rgb(85,85,85);">] == <p style="margin-top:0.5em;line-height:22.3999996185303px;color:rgb(37,37,37);font-family:sans-serif;">The United States have the largest absolute public debt in the world. On 2 June 2011 the United States had a national debt of $ 14.345 billion<sup class="reference" id="cite_ref-treasurydirect_1-1" len="199" style="line-height:1;unicode-bidi:-webkit-isolate;">[1]  (9.809 billion €<sup class="reference" id="cite_ref-3" len="184" style="line-height:1;unicode-bidi:-webkit-isolate;">[3] ). The national debt as a percentage of gross domestic product in 2007 was estimated at 60.8% (position 27). <sup class="reference" id="cite_ref-autogenerated1_4-0" len="199" style="line-height:1;unicode-bidi:-webkit-isolate;">[4]  the national debt is substantially increased in the period 2000-2008. This is mainly because of the budget deficit. For example, In 2008 the u.s. Government had to contend with a deficit of 277 billion euros (410 billion dollars). This budget deficit is mainly due to the wars in Iraq and Afghanistan. The United States fill the budget deficit by increasing government debt, China and other new economies buy striking many of those government bonds. ==Negative trade balance<span class="mw-editsection" len="362" style="-webkit-user-select:none;font-size:small;margin-left:1em;line-height:1em;display:inline-block;white-space:nowrap;unicode-bidi:-webkit-isolate;font-family:sans-serif;"><span class="mw-editsection-bracket" len="1" style="color:rgb(85,85,85);">[ Edit<span class="mw-editsection-bracket" len="1" style="color:rgb(85,85,85);">] == <p style="margin-top:0.5em;line-height:22.3999996185303px;color:rgb(37,37,37);font-family:sans-serif;">In the United States have been much more imported than exported there is, this is a systematic weakening of the u.s. economy, you might be able to see if your financial volume of your country each year more exhausting. The negative trade balance is mainly due to the import of oil/energy.