The modern history of American Finance, from the 1920’s to the present time, is a testament to the nation’s current condition as the world’s largest economy. A strong political system and legal structure, extensive natural resources, highly productive farms, and continuous advancing technology are some of the key factors that have contributed in achieving the country’s financial status.
As the world’s largest economy, the U.S. attracts immigrants from all over the world due to its high-income wages and entrepreneurial opportunities. The U.S. job market excels in industrial and technological sectors, which provide the highest growth. However, not everything has been good times for the economy. Americans have been faced with constant financial challenges throughout the past century, and some of these periods have required a great amount of effort to overcome. We offer you a timeline of American economy, a picture of past and present that could help paint a picture of what lies ahead.