ChapterⅣThedevelopmentofAmericanEconomy.pptVIP

Why has the U.S.A. enjoyed extraordinary dominance in the world economy in the past one hundred years? Geographic Historic Govermental ones Suffering less in the World War Ⅱ ………………………… Rank the first three in the world: raw steel, automobiles, radios and TV sets, etc. One the eve of World War I, the U.S.A. was responsible for one-third of the world industrial production. Major industry includes aircraft, computers, chemicals, electronics, motor vehicles, paper and pulp, telecommunication equipment, textiles etc. Third Technology Revolution originated from the U.S.A. Unclear energy industry, electronics and aircraft. The American South---major industries---textile, iron, and steel industry, oil refining, fishing, lumbering, etc. California---famous for its foodprocessing, investment making, petroleum refining, lumbering, shipbuilding and the manufacture of airplanes. Big corporations are the most easily recognizable and highly publicized feature of American economy. “free-market” system Leaders have been reluctant to intercede in economic development Before 1900, the government only involves itself in transportation. The federal became more and more involved in regulating economy. The Great Depression helped increase the government interference. In the postwar years, the government function increased in running economy. “free market principles”---controlled inflation unemployment monopolistic economy. The federal government has to continue to act as a regulator in America’s economic development. * * * The Development of American Economy By：grope 1 Dominic Tai 0803350203 From 1890 until now, the United States has been the biggest industrial country in the world. The achievement has not come about by chance. East West: Atlantic Ocean Pacific Ocean Far away form the continent North South: Canada Mexico No strong country Reach natural resources Reach natural resources Reach natural resources Reach natural resources Su