Before the year 1800, America was not even on the list of top powerful nations.

In fact, at that time India and Britain were economically very strong. Sadly, after Independence India could not reclaim its position in the coming years.

America was trapped between the civil war and focussed on land-based expansions. During that time, Americans were divided into groups having different views. Where one group was supporting the land acquisition, the other group was against the imperialistic thought of more expansion. The latter group believed that it would lead to America getting involved in international politics and finally it would get lost in the havoc.

Then, what happened after 1800 that the entire economic scene of the world took a dramatic turn!

It was the Industrial Revolution.

The advent of the industrial revolution acted like a volcanic eruption of opportunities for America’s economy to grow. As a matter of fact, it needed a more concentrated or centralized administrative system to efficiently handle the surging economy. Thus, the ultimate power got vested in the federal government.

With the start of the 19th century, the United States turned its entire focus on ameliorating its infrastructure. During the 19th-century transport, the business was at boom and for a well-integrated transport business, the prime requirement was a good infrastructure.

Making a smart move and understanding the ultimate demand several businessmen worked vigorously to improve its infrastructure. To facilitate the trade through water, a businessman named Cornelius Vanderbilt worked dedicatedly to make the shipping business effective.

Once it was done, he moved his focus towards building the biggest railroad network in the U.S. A better shipment and road connectivity aided the transport of products helping its economy to grow further. The electric bulb was yet to be discovered during that time and in most houses, the source of light was oil lamps. This automatically pushed the demand for oil. Again the presence of interconnected shipment systems and infrastructure helped to expand the trade of oil.

The first billionaire and an oil businessman John D. Rockefeller saw a great opportunity in the surging demand of oil. Well, he took complete advantage of this situation to expand his business. He not only started a company by the name Standard Oil but it went on to gain whopping shares of 90% in the US oil market. Although, later Standard Oil was broken up into smaller companies like Chevron, Exxon, Sohio, etc.

Between 1850-1950, the GDP of the United States witnessed a sharp pickup. During 1950, it had a 60% share in industrial output of the entire world. With the start of the 20th century, the economy of the United States had gained the position of the biggest economy in the world!

After the 1950s the U.S turned its focus on other sectors such as service and technology. Although the industrial revolution of the United States went on throughout the time of World War II. It led to massive loss and destruction in European nations such as Great Britain, Germany, Italy, France. On the other hand, the United States reaped heavy benefits.

Yes! Where European countries were busy in war and bloodshed, the United States was aiming for a jackpot.

During the World War, it transported necessary weapons to a number of European nations to fight the war. You would be surprised to know that before World War II time, America was going through a Great Depression since 1929. This went on for a good 8-10 years.

After conquering the industrial sector of the world, the U.S. turned its focus to the ever-growing technology sector. Tech giants such as IBM, Apple, Microsoft, etc revolutionised the IT world of America taking the technological revolutions to new heights.

Thanks to immigrants in the United States!

The U.S has been a melting point of immigrants from all over the world! In fact, as per the statistics of 2017,  around 4.44 million people were immigrants. These immigrants bring not only their culture but their intellect and talent too. Their presence and innovative approach of entrepreneurs added to the overall productivity of the nation. The U.S. has faced recession a couple of times but its business-friendly environment and presence of capital in abundance have always kept it going.