Positive and Negative Impacts of the U.S. Economy on the World

The economy is a very fragile thing; however it can have an enormous impact on people. Americans especially are affected because they are so greedy, they always want more. Because Americans are very materialistic, they can become overly arrogant and possessive since they are used to getting their way, on account of having money.

The state of the U.S. economy has an impact on every American. There has been economic

The defeat of Japan and Germany positively stimulated the American economy. The United States was concerned of how fast the Japan economy was growing,

The U.S. dollar peaked in value in 2000-2001 and has been in a significant decline ever since. There was a relatively brief period in 2008 when the dollar rebounded quite sharply due to the worldwide financial crisis and economic meltdown, when there was a global rush to the safety of U.S. treasury securities. But since then, the dollar has resumed its long-term downtrend. In the recent years the dollar has been improving relative to other currencies, becausee of the decline in those other currencies.

The U.S. made many daring decisions at the end of the 19th century. These gambles the U.S. made helped to guide the country to the path of greatness. At that time, the U.S. was looking to expand economically and improve its grip on the world. The U.S. government knew making some good choices would be critical to set the U.S. on the path to success in the following decades. The purchase of Alaska in 1867 and the annexation of Hawaii in 1898 were two of the crucial decisions. The outcomes of these decision aided the U.S. throughout the end of the 19th century and into the present. Both of these allowed for the expansion of land and had a positive influence economically for the citizens. Many things that people are accustomed to today would not be available if the U.S. did not challenge what others believed and do what the government thought was right at that point in history. The purchase of Alaska in 1867 and the annexation of Hawaii in 1898 greatly benefited the U.S. on a worldly scale in many different aspects.

“Manifest Destiny”- a term which was commonly used in 1900s during the presidency of James K. Polk means that America was destine to expand throughout the continent (313). After the Louisiana Purchase, the United States continued to expand its border westward by gaining the territory from Mexico. During this geographic expansion, slavery was one of the most controversial issues in the United States. American, especially Southerners, not only expanded their country geographically but also transplanted their “slavery culture” to every land that they settled in by bringing slave labors to the new land. This expansion has both negative and positive effects on America’s economy and politics.

The other country that I, Marisa thought of was Japan that needs to have products to trade in order for

Although the Yuan is seen as the new alternative there is one more currency lurking and becoming to be seen as a new way to exchange money, and that’s Bitcoin. Bitcoin is an indented source where individuals create accounts to buy accents in order to have credit. That credit is later use for other individuals to purchase goods anywhere in the world without paying fees to any government bank in order to exchange their currency. But is still works about the same way that the Federal Reserve works since it’s money that it’s not back up by any materialize product as gold and silver and instead just faith that the investors will continue to support it. But the Federal Reserve and Bitcoin still are different since Bitcoin is not support by any government nor has any centralize bank running it. This causes mayor impact to the U.S, since companies and countries might no longer have to go and exchange their currency in dollars and may do it straight forward from one currency to another. In time, the dollar would lose value and the U.S economy may change drastically.

The U.S. has suffered from many Natural Disasters from Hurricane Katrina to wildfires in California. When it comes too natural disasters Hurricanes are by far one of the most devastating. The results can be catastrophic, possibly leaving the death tolls in thousands and leaving millions homeless. Even though the U.S. has responded to and recovered from Hurricanes, Meteorologists are presently not able to predict them early enough, and the U.S. government is unprepared financially, and responsively. Being well prepared for a hurricane is critical to saving peoples lives and their well-being. The government needs to do more not for just hurricanes but any disaster.

The United States is considered to be the world’s largest national economy. The United States have proven time and time again that its economy is one that should be modeled after by showcasing a proven track record. Although its economy is considered the largest, it has had its problems such as the Great Depression and the Recession that have taken placed recently beginning in 2007 lasting until mid 2009. Both of these economic down turns are similar in nature which has caused many to feel negative effects,

Summary: America’s economy has been the biggest, most powerful in the world for a long time now. Other countries are decreasing their economic status and eventually going bankrupted because America is so powerful.

During the days of 1820 to 1860 in the United States, the living style of Americans became more different from north to south. We can observe on the economic perspective. First, the difference of the industrial sectors led to the different extent of the need of slavery. The manufacturing sector, thanks for the advent of industrialization, did not require as many slaves as the agricultural sector did in the south which was largely supported by a massive number of slaves. Secondly, due to the difference of industrial sectors, both regions had distinct city developments, which led to the different attitude toward each other. The north had many urbanized cities in which many immigrants moved, and thus indirectly led to the different perspective of slavery. Thirdly, the political effect on both sides differed. The policy of raising the tariffs benefited the north which did not rely on the import goods; however, it was detrimental to the south which did not need the protection of high tariffs, instead it relied on the import goods from Europe. These differences intertwining to each other gradually led to the obvious distinction, opposition, and ultimately the civil war.

There are many reasons why the dollar would fluctuate. The strength and weakness of a dollar depends on a number of factors such as inflation and trade deficits. To save the economy from inflation, the Federal Reserve will increase interest rates causing the economy to slow and the value of the dollar to decrease. Trade deficits can also devalue the US dollar. Although the high trade deficit is causing the dollar to fluctuate, the deficit could be a way to make the dollar stronger. Because we are borrowing from other countries, with our interest rates being higher, they would want to buy the US dollar to invest in the interest rate market.

The United States is currently experiencing a slow recovery from the recession of 2008-09. The current unemployment rate is 7.7%, which is the lowest level since December of 2008 (BLS, 2012). However, this rate is believed to higher than the rate that would occur if the economy was operating at peak efficiency, and it is also believed that there are structural issues still underpinning this performance. For example, the number of Americans who have exited the work force as the result of prolonged unemployment is believed to be higher than usual. In addition, the Congressional Budget Office (CBO, 2012) notes that long-term unemployment of greater than 26 weeks is at a much higher rate than normal, which will have adverse long-run effects on the economy, since workers with long-term unemployment often find their career paths derailed.

As the world’s 3rd largest economy, India is an important trade and economic partner for the United States(Martin, Akhtar , Kronstadt , Kumar ,Siskin,2014).There are many resources which are traded between India and United States. This trade may be due to differences between in labour productivity, factor abundance or other factors.example of products traded between India and US include precious stones and metals,aircraft and spacecraft parts,machinery,optical instrument and equipment,textiles,mineral fuel and oil and machinery(Singh,Verma,2016).This trade is due to a fact called comparative advantage which means if countries specialise in producing goods where they have a lower opportunity cost then there will be an increase in economic