USA – Will she Remain on the Top or Topple?
AHMEDABAD, India, December 22/PRNewswire/ — The economic history of U.S., like its history has its roots in European settlements of the 16th century. These successful colonial economies grew into small independent farming economies which after 1776 became the United States of America. A central feature of the U.S. economy is the freedom of the private sector. The period of 1930 saw the great depression from which U.S. emerged strong and that between 1960 and 1990 saw the fiscal policy being replaced by monetary policy as a regulator of the overall pace of economic activity. During the last 230 years of its existence, USA has grown into a huge integrated industrialised economy that represents about a quarter of the world economy.