Traditional American Foods
Hot dogs BBQ
Apple pie Pizza
Hamburger Nashville Chicken
Mac & Cheese Meat loaf
Buffalo Wings Chicken Waffle
Smores Grilled Cheese
Economy of USA
The United States is a highly developed mixed-market economy and has
the world's largest nominal GDP and net wealth. It has the second-largest
by purchasing power parity (PPP) behind China.It has the world's seventh-
highest per capita GDP (nominal) and the eighth-highest per capita GDP
(PPP) as of 2022.US share of Global economy is 15.78% in PPP terms in
2022. The United States has the most technologically powerful and
innovative economy in the world. Its firms are at or near the forefront in
technological advances, especially in artificial intelligence, computers,
pharmaceuticals, and medical, aerospace, and military equipment.The
U.S. dollar is the currency most used in international transactions and is
the world's foremost reserve currency, backed by its economy, stable
government, and military, its role as the reference standard for the
petrodollar system, and its linked eurodollar and large U.S. treasuries
market.
Several countries use it as their official currency and in others it is the
de facto currency.The largest U.S. trading partners are China, the
European Union, Canada, Mexico, India, Japan, South Korea, the United
Kingdom, and Taiwan.The U.S. is the world's largest importer and second-
largest exporter.It has free trade agreements with several countries,
including the USMCA, Australia, South Korea, Switzerland, Israel and
several others that are in effect or under negotiation.The nation's
economy is fueled by abundant natural resources, a well-developed
infrastructure, and high productivity.It has the second-highest total-
estimated value of natural resources, valued at US$ 44.98 trillion in
2019, although sources differ on their estimates.
Great Depression
The Great Depression was period of worldwide economic depression between
1929 and 1939. The Depression became evident after a major fall in stock prices
in the United States.The economic contagion began around September 1929 and
led to the Wall Street stock market crash of October 24 (Black Thursday). The
economic shock impacted most countries across the world to varying degrees. It
was the longest, deepest, and most widespread depression of the 20th
century.Between 1929 and 1932, worldwide gross domestic product (GDP) fell by
an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008
to 2009 during the Great Recession.Some economies started to recover by the
mid-1930s. However, in many countries, the negative effects of the Great
Depression lasted until the beginning of World War II.