America's Economic prosperity

Renegade Mechanic

A dollar, backed by nothing more than the military threat any country faces when they start selling the world's most valuable resource in any currency that isn't (Iraq, 2000/01, check the headlines from then)" or starts facilitating game changing amounts of trade without it. (Libya et Co, '11. Gaddafi makes headway with a new powerful African currency system.
Russia x China now..).

America isn't the richest, it just has the biggest muscles. It has reign on the chessboard we all share but the second they realise they can't hold on to it, that chessboard will be thrown away, rather than relinquished.

nokia69

Wompa1 wrote: »

Never got that argument, regards the oil....Also, how does that play now that they produce more oil than any other country in the world and electric cards are being made rapidly by American car manufacturers, not just European or Asian...after all, Corporate America really leads the charge...the US Government bailed out the Automotive Industry too....so if Oil was really such a huge driver, wouldn't they have bought them off to stop producing electric cars?

Teslamotors are the main driver of electric cars they aren't the same as GM and the rest of corporate america and it too late for the oil industry to stop them now

also the petro dollar link is still very important to the US economy

darkpagandeath

Petrodollar.

Renegade Mechanic

Wompa1 wrote: »

Never got that argument, regards the oil....Also, how does that play now that they produce more oil than any other country in the world and electric cards are being made rapidly by American car manufacturers, not just European or Asian...after all, Corporate America really leads the charge...the US Government bailed out the Automotive Industry too....so if Oil was really such a huge driver, wouldn't they have bought them off to stop producing electric cars?

Because it's sold in dollars, so you need to buy dollars (exchange) to buy oil. The fact that theyre selling it makes it even better because they're of course going to sell in dollars.

Iranoutofideas

Wompa1 wrote: »

I think it's number 7. I live over here and haven't heard that it's number 1 economically. I don't think anybody is under any illusions. China is buying up a lot.

The US may be the biggest in terms of current economic growth though...as in short term. The turnaround here over the last year has been pretty dramatic. The country is becoming a little more self sufficient thanks to fracking the sh1t out of the place.

Why they remain so prominent in the business world is probably down to hard work and striving to build. Facebook, Google, Microsoft, Apple etc.

Personally, I don't have that kind of drive. Maybe that's something which is nurtured more here. It's a bit more sink or swim since there's no long term social welfare or any proper support structure for people

Oh and the fact international trades are still done using Dollars. The Dollar is the universal currency which puts the US in the unique position to print dollars on demand. If something like Bitcoin takes off or possibly if China teams up with Europe to unify on one currency and stop trading in Dollars. The US would be in a very bad way, very quickly.

They have massive debt which currently they are under little pressure to service.

De-dollarisation is rapidly underway by the major players worldwide...

Fubrege

I think America is such a wealthy nation due to the natural resources it has and the economic and cultural environment which allows people like Henry Ford to innovate.

MRnotlob606

God and grace.

bodice ripper

Fubrege wrote: »

I think America is such a wealthy nation due to the natural resources it has and the economic and cultural environment which allows people like Henry Ford to innovate.

There's only so far you want people like that to innovate

Valetta

It's all smoke and daggers.

And Cortinas.

darkpagandeath

Fubrege wrote: »

I think America is such a wealthy nation due to the natural resources it has and the economic and cultural environment which allows people like Henry Ford to innovate.

Well to start out they had a load of free labour via Black and Irish slaves.

Fubrege

bodice ripper wrote: »

There's only so far you want people like that to innovate

Without Henry Ford Hitler might have won the second world war. He revolutionised mass production techniques allowing huge numbers of vehicles to be produced. These techniques were taught to the Soviets, the vehicles the soviets received from America played a significant role in defeating the advancing Wehrmacht.

bodice ripper

Fubrege wrote: »

Without Henry Ford Hitler might have won the second world war. He revolutionised mass production techniques allowing huge numbers of vehicles to be produced. These techniques were taught to the Soviets, the vehicles the soviets received from America played a significant role in defeating the advancing Wehrmacht.

he was also a massive anti-semite, so i am glad he didn't get any more influence than he did.

Renegade Mechanic

Fubrege wrote: »

Without Henry Ford Hitler might have won the second world war. He revolutionised mass production techniques allowing huge numbers of vehicles to be produced. These techniques were taught to the Soviets, the vehicles the soviets received from America played a significant role in defeating the advancing Wehrmacht.

It always amused me that they near shared each other's opinion on Jews

darkpagandeath

Fubrege wrote: »

Without Henry Ford Hitler might have won the second world war. He revolutionised mass production techniques allowing huge numbers of vehicles to be produced. These techniques were taught to the Soviets, the vehicles the soviets received from America played a significant role in defeating the advancing Wehrmacht.

Ha, this the same kind of talk the Americans won ww1 and ww2. Industrial revolution is responsible for production lines and so on.

Nodin

Fubrege wrote: »

What factors have made the United States of America the wealthiest nation in the world?

Cheese on all the food.

nokia69

darkpagandeath wrote: »

Well to start out they had a load of free labour via Black and Irish slaves.

true, but south america also had slavery and at independence was richer than north america

so its clear that the different political systems make a difference

andrew

The Mississippi river.

People saying it's because of the dollar, or their Army, or how much money they have, are putting the cart before the horse.

darkpagandeath

nokia69 wrote: »

true, but south america also had slavery and at independence was richer than north america

so its clear that the different political systems make a difference

Well North America was a kind of new Europe. Where as South was strip mined for resource and precious metals.

KungPao

darkpagandeath wrote: »

Ha, this the same kind of talk the Americans won ww1 and ww2. Industrial revolution is responsible for production lines and so on.

And Thomas Edison is #1 inventor*




*He's not even close to the likes of Tesla

darkpagandeath

KungPao wrote: »

And Thomas Edison is #1 inventor*




*He's not even close to the likes of Tesla

Well invention wise no but Edison understood the bottom line and all that money.

shruikan2553

Freedom and democracy.

They give everyone democracy by unloading 50 cal freedom into you.

darkpagandeath

shruikan2553 wrote: »

Freedom and democracy.

Only for a relative short time.

KungPao

Everyone knows the main reason...

Jews.

They all fecked off from Europe and headed to the new world with all their gold.

darkpagandeath

KungPao wrote: »

Everyone knows the main reason...

Jews.

They all fecked off from Europe and headed to the new world with all their gold.

Oh dear I should not really of laughed that much to this.

steddyeddy

Parts of America (north) still have outbreaks of the black death. Individual people in the country are prosperous not the country itself.

nokia69

andrew wrote: »

The Mississippi river.

People saying it's because of the dollar, or their Army, or how much money they have, are putting the cart before the horse.

its far more than just the Mississippi

and of all the major powers in the world today the US is almost impossible to invade

andrew

nokia69 wrote: »

its far more than just the Mississippi

and of all the major powers in the world today the US is almost impossible to invade

I was being facetious, but only a little bit. Here's a really, really, reeeeeally good article that OP could base his assignment on, if s/he gets this far into the thread. It's class.

darkpagandeath

steddyeddy wrote: »

Parts of America (north) still have outbreaks of the black death. Individual people in the country are prosperous not the country itself.

Yeah this is one of the main reasons, The American dream played out for a bit. Now the Rich have closed that Door behind them. And keep dangling that carrot to the less well off. Always using If you work hard and put the effort in you will get a reward. That very very very rarely happens now, To compete you need a top level education which most cant afford. So you already need to have money to basically create more wealth over there.

Fubrege

nokia69 wrote: »

its far more than just the Mississippi

and of all the major powers in the world today the US is almost impossible to invade

That's an interesting question, what would the best way to invade the US be? Assuming conventional warfare.

darkpagandeath

Fubrege wrote: »

That's an interesting question, what would the best way to invade the US be? Assuming conventional warfare.

From Canada Huge land border.