The United States: is the world’s 4th largest country in area (3,794,083 square miles) is the world’s 3rd largest country in population (313,104,975 people) and has the highest GDP in the world(followed by China, Japan, German, France, the UK, and Brazil). The US GDP is nearly 3 times higher than that of China and Japan
Four Factors that give theUnited States an advantage: #1 Abundant Natural Resources #2 Leading innovations in Transportation #3 Leading innovations in Communication #4 Respect for individual Freedoms
#1 Abundant Natural Resources At the time of the ﬁrst US census in 1790, Rich, fertile soil... more than three fourths of US citizens lived on farms. Homestead ActA government programestablished in 1862 thatgranted 160 of land toany settler who agreed to farm. Today, fewer than one fourth of all American live on farms, yet farms still bring in over $50 billion annually. Nearly half of the land in the US is used for raising crops or animals. 90% of Nebraska is farmland -- the highest of any state.
#1 Abundant Natural Resources Forests... From the time of the ﬁrst settlers, forests were cleared, beginning in the Northeast, and then the South. Today, most of the nation’s timber comes from the West. From ships’ masts, to housing and furniture construction, to medicinal chemicals, forests in the US provide a valuable service...if managed sustainably.
#1 Abundant Natural Resources Mineral Resources... Gold Copper Coal - used as a source of energy for industry, transportation and homes. The US has 25% of the world’s supply of coal. Lead and Uranium The US also extracts oil and natural gas.
#2 Leading innovations in TransportationMoving Resources, Goods and People... Waterways... Railroads The trans-continental RR was completed in 1869. By 1900, RRs reached all parts of the country. and Canals Automobiles, invented in the 1890s gave individual freedom to travel. Next, powerful diesel engines were invented to drive heavy-duty modes of transport...ships, trains, trucks and tractors.
#3 Leading Innovations in Communication Telegraph Telephone invented in 1876 by Alexander Graham Bell. By 1915, telephone wires connected coast to coast. invented in 1837 by Samuel Morse, also aided the ﬂedgling RR Modern day communication includes industry computer technology, the internet, telephone, and satellites.
#4 Respect for individual Freedoms In 1789, the founding fathers established the notion thatindividual equality, opportunity and freedom led to the beliefthat people acting in their own best interests could serve the needs of others -- which in turn led to an economic system based on FREE ENTERPRISE or Capitalism.