What was the evolution of the American economy?

During this evolution, the United States developed ever more complex institutions to match its growth. And while government involvement in the economy has been a consistent theme, the extent of that involvement generally has increased. read more

Despite tax increases by both the Bush Sr., and Clinton administrations, the American economy continued to grow, with of course major advancements coming primarily in the IT and technology field. Towards the end of the decade, asian economies such as China or India begin to become much stronger. read more

Understanding Capitalism Part V: Evolution of the American Economy. By - March 15, 2013. When the United States of America was founded in 1787 it was the most egalitarian Western nation in the world for citizens of European descent, indeed one of the most egalitarian major societies in all of human history. read more