he development of America’s national economy has been shaped by a variety of factors over the course of its history.
One significant factor has been the country’s natural resources and its ability to access and utilize these resources. The United States has a wide range of natural resources, including fertile soil, timber, minerals, and oil, which have contributed to its economic growth and development.
Another factor has been the country’s system of government and the policies it has implemented. The United States has a market-based economy, which means that businesses are privately owned and operate with the goal of maximizing profits. The government plays a role in regulating the economy and providing support and infrastructure to facilitate economic growth.
The country’s history of immigration has also played a significant role in its economic development. Immigrants have brought new ideas, skills, and labor to the country, and have contributed to the growth and diversity of the economy.
Finally, technological advances and the development of transportation and communication infrastructure have also been important factors in the growth of the national economy. These developments have facilitated the movement of goods and people and have enabled businesses to operate on a larger scale and reach new markets.
Create an essay of 1,000-1,250 words, describing the development of America’s national economy. Explain the transition of America’s economy from a regional to a national economy. Be sure to include the role of Henry Clay’s American system, post-Civil War westward expansion and the significance of the railroad. In addition to the Topic 4 readings be sure to cite three to five relevant scholarly sources in support of your content. Use only scholarly sources found at the GCU Library or those provided by the instructor in Topic Materials (e.g., a journal article, a primary source, a newspaper article, or a relevant monograph)