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Search Results - Economy of the United States

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The economy of the United States is the largest national economy in the world.[7] Its gross domestic product (GDP) was estimated as $13.8 trillion in 2007.[8] It is a mixed economy in that private firms make the majority of the microeconomic decisions while being regulated by the government. The U.S. economy maintains a high level of output per person (GDP per capita, $46,000 in 2007, ranked at around number ten in the world). The U.S. economy has maintained a stable overall GDP growth rate, a low unemployment rate, and high levels of research and capital investment funded by both national and, because of decreasing saving rates, increasingly by foreign investors. In 2008, seventy-two percent of the economic activity in the U.S. came from consumers.[9]

Major economic concerns in the U.S. include national debt, external debt, entitlement liabilities for retiring baby boomers who have already begun withdrawing from their Social Security accounts, corporate debt, mortgage debt, a low savings rate, falling house prices, a falling currency, and a large current account deficit. As of June 2008, the gross U.S. external debt was over $13 trillion,[10] the most external debt of all countries in the world.[11] The 2007 estimate of the United States public debt was 65% of GDP.[12] As of September 2008, the total U.S. federal debt was approximately $9.7 trillion[13], about $31,700 per capita. Including unfunded Medicaid, Social Security, Medicare, and similar promised obligations, the government liabilities rises to a total of $59.1 trillion, or $516,348 per household.[14]

The economic history of the United States has its roots in European settlements in the 16th, 17th, and 18th centuries. The American colonies progressed from marginally successful colonial economies to a small, independent farming economy, which in 1776 became the United States of America. In 230 years the United States grew to a huge, integrated, industrialized economy that makes up over 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 entrepreneurial spirit and commitment to investing in material and human capital. The economy has maintained high wages, attracting immigrants by the millions from all over the world.

For many years following the Great Depression of the 1930s, recessions—periods of slow economic growth and high unemployment—were viewed as the greatest of economic threats. When the danger of recession appeared most serious, government sought to strengthen the economy by spending heavily itself or cutting taxes so that consumers would spend more, and by fostering rapid growth in the money supply, which also encouraged more spending. In the 1970s, economic woes brought on by the costs of the Vietnam conflict, major price increases, particularly for energy, created a strong fear of inflation. As a result, government leaders came to concentrate more on controlling inflation than on combating recession by limiting spending, resisting tax cuts, and reining in growth in the money supply.

Showing 1 to 25 of 26 Articles matching 'Economy of the United States' in related articles.
Pages: 1 | 2 | Next >>

1. The United States economy is terrible as of today and American families are beginning to realize i
October 07, 2008

The last couple of years have been nasty for the monetary well being of America. There have been a number of factors that have gone badly thus causing a great number of U.S. citizens to feel an extreme amount of stress on their money situation. The U.S. dollar has lost great value in the worldwide marketplace and continues to fall which dosen't bode well for the future. Leaving loads of consumers stuck in situations with no real way out.Particularly those who are in credit card debt, needing to pay monthly credit card bills, will kill many peoples finances leaving them burnt. So how did th... (read more)

Author: Stephen bis

2. How to Get More Referrals, Attract New Clients & Decrease Costs During a Recession
October 02, 2008

Have your phones stopped ringing yet? The economy is lagging and dragging. We've felt the effects in the United States. Now we're seeing global implications. So, how do you tackle economic uncertainty? Cut advertising, travel, training, marketing, and discretionary expense line items? Cut purchasing? Ouch! The pipeline starts to dry up and the anxiety level goes through the roof. Many people think that since there's nothing they can do, they should just do nothing. But "nothing" is futile thinking. What If You Could Reach Your Market Without Incurring Any Hard Costs? The onl... (read more)

Author: Joanne Black

3. Enjoy your trip to United States with stay in Washington D.C. hotels
September 29, 2008

Washington, the capital of the United States, is located on the north bank of the Potomac River. It is the eight largest metropolitan areas in the country. It hosts foreign embassies and headquarters of many international organizations such as International monetary fund, World Bank etc… it has increasing diversified economy in addition to national and international media center. A city with so many features has also found the paces in the heart of tourists and has become a good tourist’s destination. The augmenting numbers of visitors have led to the emergence of Washington D.C hotels. ... (read more)

Author: Nancy Eben

4. Japan hotels- excellent provision of accommodation in the entire country
September 28, 2008

Japan, an island country, is located in the Pacific Ocean. It has been given the epithet of ‘land of the rising sun’. It has the world’s tenth largest population. The Greater Tokyo area is the largest metropolitan area in the world. Japan is a major economic power, constituting second largest economy after United States. It is the member of several international organizations such as United Nation, G8 etc… this developed nation with a high standard of living is a world’s leader in technology, machinery and robotics. Increasing number of tourism to Japan has tourism a vital part of the Ja... (read more)

Author: Nancy Eben

5. A shaky economy magnifies the need for having a good New York construction accident lawyer
September 29, 2008

It’s unknown to your average American, but the rate of construction accidents in this country, and in New York especially, are somewhat frightening. The United States Department of Labor’s Bureau of Labor Statistics has published several studies regarding construction accidents over the last several years. The year 2003, one of the last years where statistics on construction accidents were available, presented the dispiriting facts that one of out every 10 construction workers suffered an injury in a construction accident. The statistics for New York construction accidents were little diffe... (read more)

Author: Paul Justice

6. Usa Jobs - Finding One Right For You
September 27, 2008

With the economy in the USA deep in a slump, many people are out of work and searching for usa jobs. The traditional sectors that were once reliable sources of good jobs in the United States, such as manufacturing and real estate, are no longer reliable sources. Moreover, when economic times are tough, many people need second jobs to provide a little extra income necessary for making ends meet. Unlike the recessions of the previous generations, free job search tools are widely available to anyone via free websites. Most job seekers are now turning to online job listings as a part of their e... (read more)

Author: Xander Owens

7. Medical Malpractice Affected From The Turn of the Economy
September 24, 2008

The recent turn of the economy in the past week is inevitably going to affect every single industry in the United States. Since the government has decided to bail out many corporations, we are going to see in a small amount of time the negative effects of this decision. Many people are debating whether the decision by the government to bail out companies such as AIG was the right decision. Treasury Secretary Henry M. Paulson Jr. talked about the decision of the government and stated, “I hate the fact that we have to do it, but it’s better than the alternative.” In thinking about the alternativ... (read more)

Author: Paul Justice

8. Establish relatively cheap and risk-free presence on huge Japanese Market
September 22, 2008

Japanese market is the second largest market after US. Japanese economy has more or less stabilized but it is still growing at a rate of 2%. Year 2007 was the ninth consecutive year in which Japanese economy registered growth in positive terms. Unemployment is down to around 4% levels from 5.5% levels of 2002. Exports to United States and China basically drive Japanese growth in terms of economy.Japan’s exports to United States and China stand at around $ 240 US dollars. Japan has been affected by subprime crisis, which has resulted in slowing down of housing demand. ... (read more)

Author: Przemyslaw Prokpow

9. Choose Manhattan construction accident lawyer to file your claim
September 19, 2008

Despite the current economic situation the United States is in, business parks and other work related construction is still going on. It seems as though despite the warning signs for a slowing economy, especially in the real estate market, business is still growing. Yes, there are some industries that might not make it in the new market, however construction is one industry that is always needed whether it is starting a new project, renovating older buildings, or fixing/keeping up existing buildings. However due to the current economic condition certain standards are being overlooked. In the c... (read more)

Author: Paul Justice

10. Trip to Dallas a must for all
September 17, 2008

Founded in 1841, Dallas is the third largest city of Texas and 9th in United States. It is home to 1.2 million residents that includes people in greater Dallas area that if formed by Dallas, Arlington, Carrollton and Fort Worth. Dallas has humid topographical climate with wild winter. Dallas is considered one of the important economic engines of USA. Dallas economy relies primarily on banking, technology, telecommunication and energy sectors. Dallas vibrant economy has attracted many corporate icons to relocate their head quarters to this city that includes ATT, Commerce bank, American A... (read more)

Author: Abdul Kundi

11. Austin Guide for visitors
September 17, 2008

Austin is the capital of US state Texas. It is part of the Travis County. According to US census data Austin has the population of approximately 750,000 which makes it fourth largest city in Texas and 16th in United States. The total population of the greater Austin metropolitan area is around 1.6 million which includes the suburbs also. Austin economy is one of the fastest growing in the country by attracting venture capital investment in technology, medicine and healthcare industries which has earned it the nickname “Silicon hills”. This growing economy is supported for its skilled lab... (read more)

Author: Abdul Kundi

12. Temporary Mortgage Loans and Buying a Home
September 11, 2008

Buying a home has been tougher due to the mortgage crisis and the resulting credit crunch. This article describes some of the consequences of the crisis including the discontinuance and temporary appearance of some loans. The serious losses suffered by Government Sponsored Enterprises (GSE's), Wall Street firms, and other investors across the United States brought about credit tightening and the disappearance of the loan products that caused these losses. The leading culprit was the high-risk, 100% CLTV 2nd mortgages on investment properties, most of which were executed with Stated Inco... (read more)

Author: Brandan Hadlock

13. Locksmiths: Staying Prosperous In A Slow Economy
September 10, 2008

One of the great aspects of the United States is our economy and the well known and sought after fact that everyone has the chance, the ability to prosper, to be a business owner and work independently for their future. Of course no one complains during the good times, but if things take a turn for the worse, and sometimes they do, the cracks in the ship start to appear and it is up to you, the business owner to continue to make your company thrive. For starters, the number one aspect of your locksmith business and its continued success are your customers and the customer service you provide ... (read more)

Author: Mykel Gold

14. Northern Virginia Real Estate: It's Hot!
August 22, 2008

One of the better markets in the United States for real estate, especially for those looking to find reasonably priced properties and a great area to settle down in, is quickly developing in northern Virginia. Northern Virginia real estate is quickly becoming a safe option for those looking to settle down in a safe area close to the heartbeat of the region in the nation's capital. Even with the downturn of the economy and the decline in the national housing market, purchasing Northern Virginia real estate has remained a smart option. Not only is buying property in this area a good investmen... (read more)

Author: Robert Earl

15. China Beats The United States of America
August 12, 2008

The 2008 Olympics were spectacular. China put on the greatest show ever and the USA won a ton of gold and broke olympic records. But, by the time you read this, China will likely be named the largest manufacturer of goods on the planet pushing the United States into second place. New technologies have made it possible for companies to begin moving many different kinds of jobs to China. China has perfected cheap manufacturing and they are branching out into the service sectors as well. Today, if you have a question concerning your checking account at Bank of America, your phone call will b... (read more)

Author: Jim DeSantis

16. Steps You Can Take To Avoid House Foreclosure
August 12, 2008

In light of the poor conditions of the current economy, more and more people are facing house foreclosure. Purchasing a home is extremely rewarding, historically, and it is one of the biggest assets that a person strives to attain in their lifetime. Unfortunately, these same individuals are losing their property due to the inability to pay their mortgage. Real estate foreclosures have rocketed all across the United States. The actual process to seize someone’s home varies from state to state, however the outcome is generally the same. If it is determined that the borrower has failed t... (read more)

Author: Jon Arnold

17. How the Olympics Are Affecting China's E-Commerce Merchants
August 05, 2008

As we gear up for yet another Olympic games, all eyes are on China, as this is the first time in a long time that the games have been hosted by a country that has not been as friendly with the United States and Western democratic countries as we would all like. Within the past five years, China has risen to be not only a major economic superpower but it appears to more of a spoiler where other country’s economies are concerned. In the early stages of their manufacturing ramp-up, China purchased futures for a large portion of the world’s available steel on the open market, driving the price u... (read more)

Author: Sager Loganathan

18. Six Flags Tickets Gets Cheaper & Disney World Tickets May Cost You A Bit More This Summer
August 04, 2008

Introduction2008 has been a very sluggish year in multiple areas which has made a significant impact on how people travel, shop, work and vacation. The economy has been very slow and with recession knocking on the door if not already in, the average family in the United States is struggling to meet the ends meet with not knowing what tomorrow may bring. People are not sure about jobs and at the same time housing market has dipped. Typically during almost every family has big summer plans each year to go on vacations. Kids have school vacation and usually people tend to visit summer attractions... (read more)

Author: Ken Silverman

19. Go It Alone: How to Boost Your Career in a Weak Economy
July 30, 2008

With companies in the United States laying off employees left and right, raising our unemployment rate to the highest it’s been since late 2004, working for a big company is no longer a guarantee of steady employment. Even workers who have dedicated twenty years or more to the same company, expecting loyalty in return for loyalty are being laid off in favor of less experienced, cheaper labor or in favor of offshoring those same tasks. With gas prices soaring, many employees who haven’t yet been axed are opting to seek out employment alternatives that will allow them to work closer to ho... (read more)

Author: Angela Stringfellow

20. There Is No Better Time To Start A Home Based Internet Business Than Today
July 30, 2008

With a shaky economy in the United States many of its citizens are worried if they will have a job to go to tomorrow. Many already have been let go by such big corporations such as Citibank. We all feel sorry for them and I truely hope they find work soon. If you currently have a job do you feel secure? If not then maybe right now is the time to look into a home based interent business. After all I think you would agree that the prospects of looking for a second job is not as good as being your own boss at home. Working at home operating a home based internet business does not take a... (read more)

Author: Edwin Clark

21. Carbon Emission and Palm Oil
July 24, 2008

Carbon emission has become an important issue in the world, whether in the developed or the less developed part of the world. Much of the carbon emission has been attributed to industrialized or industrializing countries such as the United States, China and India. In the case of China, it could also probably be due to the massive expansion of its economy, which relies heavily on the burning of coal and other fossil fuels for the production of energy. Carbon dioxide causes roughly 60% of the ‘enhanced greenhouse effect’ or global warming resulting from certain gases emitted by anthro... (read more)

Author: Deforestation Watch

22. The McCain Tax Reform Plan For Long Term Economic Growth?
July 19, 2008

The writing is on the wall (street, that is), and it is telling us that we need to reaffirm the United States as the dominant force in the global economy, and that we have to do more to protect our citizens' retirement and investment programs. Most economic research suggests that tax code replacement surgery is essential for long-term economic progress. The goal of my plan is to make sure that you are not grumbling ten years from now about the same things that trouble you today. Here's a fifteen-point plan to end the cycles of economic frustration and global disrespect during this adminis... (read more)

Author: Steve Selengut

23. Making Intelligent Career Choice by Estimating Career Profile List
July 11, 2008

When you are a resident of a developed economy like United States, you are provided with innumerable job opportunities; all thanks to the revolutionary advancement in different industries. Now, it is in your hand to make a suitable career choice for yourself, keeping in mind your interests and proficiencies. However, in order to fuel your decision, you can always refer to comprehensive guides like career profile list, as maintained by number of resources online as well as offline. Manufacturing Industry Options Manufacturing industry has the potential to employ a significant part of... (read more)

Author: Peter Salazar

24. Five Recession-Proof Careers for a Tight Economy
July 10, 2008

With less to spend on luxuries--and less credit from banks and lenders to draw on for large purchases--less money is circulating through the market. Industry analysts fear that this cycle could have long ranging effects on the U.S. job market. Fortunately, there's a light at the end of the tunnel. Ethan Harris, chief United States economist for Lehman Brothers, describes the U.S.'s current economic woes as a "slow-motion recession." According to Harris, "In a normal recession, things kind of collapse and you have nowhere to go but up. But we're not getting the classic two or three negativ... (read more)

Author: Kelli Smith

25. Declaration Of Independence Has Just Been Stolen
July 10, 2008

The Declaration is just a memory now. Is has been hijacked, shredded, thrown away, spit on and left for dead. It might as well be because the US Government definitely does not abide by it anymore. The Declaration was signed and brought about to avoid what is exactly happening right now in the US. Let’s take a look and see why. The forefathers stood for something, freedom for the people. Well most of them did have slaves and that part I do not agree with. They stood for freedom from the British Monarchy and big companies running everything. They wanted people to have their say ... (read more)

Author: Ron Randall

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