November 12, 2007

How Did America Get So Rich?


I am looking for any possible theories you either personally have or have heard for how America has become the wealthiest country on Earth.

We will spend the rest of the week discussing the possibilities of these theories.

10 comments:

Arcane Rest said...

i think it has to do with the opportunities that people we given, we started as a progressive country and did not settle for tradition fueled by capitalism....also, i think the main reason was something like after WWII we produced 51% of everything....so part capitalism part destroying people

Justin Elder said...

minimum wage?

Braden said...

Is America really rich? I think a lot of the "richness" that we see is borrowed (seeing as the national debt now exceeds $9,000,000,000,000). It seems that we are living the posh life while our posterity will soon suffer.

Sabai said...

even though that debt number seems gigantic, we had a surplus 10 years ago, so if it helps you, pretend we're in 1998. Despite our debt, we still possess more wealth than any other nation.

Braden said...

I guess I should have researched more in depth. It appears that America's "net worth" is over $61 Trillion. That's quite a lot more than our debt...

Sabai said...

no worries braden. this is a place to think. not to research. i often find stats get in the way of the point i'm trying to make anyway.

Anonymous said...

contrary to those who are jealous, america is actually a rich country. just go to europe and see their lower standards of living. do you know how many europeans even have air conditioning in their homes? how bout dryers? america originally got rich from world war 2. it maintained its wealth by developing weapons and military. then they used the military to force other countries to submit to the usa's economic demands. basically, if you dont do business with usa, the way that they want you to, they will bomb you. theres a reason why america spends $700 billion pa on military, more than the top 10 countries combined. nice guys finish last.

Eric Olsen said...

anon, we got to WWII a couple days later, you should check out the rest of the week of posts.

Anonymous said...

Post WW1 economic growth
Post WW2 economic growth
invented stock market
invented many other things
encouraged competition
invented internet
now what ???????

Eric Olsen said...

right on, anonymous. go check out the next few posts to see how the debate proceeded.