Bus 100 ,introduction To Business

The United States is a relatively young country . In 1776 , when the American colonies became the United States of America , it had a small item-by-item farming economy . Now the United States makes up near 20 percent of the world economy , mainly because of its macro and integrated grocery store dust , rich resources , a levelheaded system that encourages the economy s growth , and the common entrepreneurial driveIn 1787 , the word sense of the U .S . Constitution operationed the unification of the market system of the whole United States . The lack of internal tariffs or interstate commerce tax resulted in much more bankable business . Economic growth was driven also by inventions and a great interest in investing resulting in modern industries , such as the cotton industriousness , which boomed in the Southern states after the cotton gin was invented in 1793 . The effect of the development of railroads was even more significant . It open new territory to further development . A major subject field railroad system was developed , which became essential in the industrialisation of the United StatesThe result of the American Civil War (1861-1865 ) determine the course of the country s economic system , particularly because of the abolishment of sla genuinely . The modern industrial economy of the country came from this guinea pig . Mass production methods , particularly as introduced by heat content Ford , also drove the rapid development of constancy .

Ford s generous wage to his workers enabled them to buy the cars that they made , resulting in the rapid expansion of the industryIn 1929 , the Wall Street Crash resulted in the Great Depression . The Depression severely affected the U .S . Economy , especially those sectors based on heavy industry . Prices for crops fell by half . The standard of living was very low at this time , and the tendency of the population to spare more and spend less perpetuated the economic recession . Its effect lasted until the 1940 sIn the 1990 s , the country s debt change magnitude by 75 percent . gross domestic product increased by 69 percent and the stock market grew more than 300 percent . From 1994 to 2000 the economy s output increased , unemployment dropped to less that 5 percent , and the stock market grew massively...If you loss to get a full essay, order it on our website: Orderessay

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