Abstract
The economic history of the United States is a story of impressive economic growth and development. The USA, as we know it today, is the result of major alterations, among which is the successful transformation of high levels of economic growth and major improvements in the well-being of its citizens. America's amazing economic growth, and the increase in value of the production of its goods and services, started as soon as the Colonial Period and went on for several decades. Between the end of the 17th century and the proclamation of Independence, output increased by about ten times. Despite some phases in which the situation was much less flourishing, such as the Great Depression of the 1930s, the overall American economic history is a great "success story". It is thus entirely justified to raise the question of the drivers of American economic growth in the long-run. The question this document will address is: which factors allowed the United States to become the current most powerful economy in the world?
