Why America is STILL #1 (Explained)

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  • Опубликовано: 29 окт 2024
  • Get ready to dive into the astonishing world of America's economy! With a staggering GDP of $28 trillion, that's one and a half times greater than China's and a jaw-dropping seven times more than India! But remember, superpowers aren’t just about money; they thrive on wallets! During World War II, America scored two game-changing advantages: it was the only major country unscathed economically and it possessed atomic weapons. Post-war, America ensured its dominance, making bold moves that forever altered our lives. It's crucial to learn from America's journey, as just 250 years ago, it was a British colony like us! What did they get right, and what mistakes did they make? Join us in our series, World Cup of Economies, where we’ll explore the unique economies of various nations in a captivating way. We strive to make education exciting and knowledge accessible! If you value your time, smash that subscribe button! It’s free for you but means the world to us. Chapter 1: Where does America stand today? Prepare to uncover shocking facts! When you think of America, what comes to mind? Towering skyscrapers, the glitz of Hollywood, and the tech innovation from Silicon Valley! With over 2000 tech giants like Apple, Google, and Meta, America’s GDP accounts for a quarter of the globe’s total. And did you know that the NASDAQ holds over 50% of global market capitalization? But hold on! It's not all sunshine and rainbows! A staggering one-third of the nation's wealth is hoarded by just 1% of the population, while 11% live below the poverty line. 45% of students struggle to afford college, either scrambling for scholarships or juggling low-wage jobs. A shocking 70% can't finish their education without loans! America’s trade balance is also in the red, with a whopping negative $1 trillion in 2022, meaning it imports far more than it exports. And here’s the kicker: with a GDP of $28 trillion, America's debt stands at a staggering $34 trillion! How can the richest country be so in debt? The secret lies in its unique ability to print unlimited money! Stay tuned for more thrilling insights!
    DOP & Editor : Ritik Mishra
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