| | The United States is the leading industrial power in the world, highly diversified and technologically advanced; [[petroleum]], [[steel]], motor vehicles, aerospace, telecommunications, chemicals, [[electronics]], food processing, consumer goods, lumber, mining. | | The United States is the leading industrial power in the world, highly diversified and technologically advanced; [[petroleum]], [[steel]], motor vehicles, aerospace, telecommunications, chemicals, [[electronics]], food processing, consumer goods, lumber, mining. |
| | + | In 1959, according to [[IMF]] data<ref><ref>https://www.imf.org/en/Publications/SPROLLs/world-economic-outlook-databases</ref></ref>, the US economy hit $500 billion. In just 10 short years, the US economy reached $1 trillion. It doubled again in 8 years, getting to $2 trillion in 1979. Under the [[Reagan administration]], the US got to $4 trillion in just 5 years, in 1984. It took 12 years to get to $8 trillion in 1996, but the major $10 trillion milestone was reached in 2000. The US slowed down dramatically, taking 11 years to just multiply by 1.5, getting to $15 trillion in 2011. The $20 trillion milestone was reached in 2018, but it stayed stuck in 2020, due to the [[CCP virus]]. |