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The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP .
The economic history of the United States began with British settlements along the Eastern seaboard in the 17th and 18th centuries. After 1700, the United States gained population rapidly, and imports as well as exports grew along with it. Africa, Asia, and most frequently Europe, contributed to the trade of the colonies. [88]
Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, stock market returns, personal income growth, and corporate profits.
After a robust third quarter, the US economy is widely expected to grow at a much slower rate in the final months of the year as pandemic savings dwindle and interest rates remain at a 22-year high.
The following reports on economic indicators are reported by United States government agencies: Business activity Wholesale Inventories; Industrial Production (Federal Reserve) Capacity Utilization; Regional Manufacturing Surveys (purchasing managers' organizations and Federal Reserve banks) Philadelphia Fed Index (Federal Reserve Bank of ...
Weekly calendar Monday. Economic data: Dallas Fed manufacturing activity, November (-3 prior) Earnings: Bath & Body Works (), Zoom Tuesday. Economic data: S&P CoreLogic 20-city year-over-year NSA ...
The figures are adjusted for seasonal swings but not inflation. It’s an encouraging sign for America’s economy, since consumer spending makes up two-thirds of US economic output. Retail sales ...
In the United States the unofficial beginning and ending dates of national economic expansions have been defined by an American private non-profit research organization known as the National Bureau of Economic Research (NBER). The NBER defines an expansion as a period when economic activity rises substantially, spreads across the economy, and ...