The United States And The Treaty Of Paris Essay

2824 Words Aug 5th, 2015 12 Pages
Introduction The United States (The US) got its independence from Britain in the year 1776. The treaty that made it a nation is the Treaty of Paris that was signed in 1783 (Yang 2012). Before the 19th Century, only 13 states were members of the US. However, during the 19th and 20th Centuries, 37 more states became members of the union. The country expanded through North America, acquiring more land than before and more possessions than it originally had. There are two main traumatic experiences that the country has. The first one occurred between 1861 and 1865 whereby the northern and southern states fought. The northern Union states defeated the Confederacy states (slave states) (Yang 2012). The second one is the Great Depression that occurred in 1930 whereby 25% of all the citizens of the country lost their jobs in the economic downturn (Mundi 2015).
Nonetheless, there was a recent shakedown of the world’s biggest economy when there occurred another economic downturn between 2007 and 2008. However, it was not as severe as the one of 1930. Following its victories in World War I and II, the US established itself as the world’s most powerful country. The economy of the country has a steady growth with low unemployment rates among its citizens. In addition, the US is the world’s leading technology giant because it is the one that experiences technological advances and innovation. Moreover, the US continues to have low inflation, thereby, ranking it the best economy in the…

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