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America did not dominate for all the 100 years, Japan represented a much larger share of the world economy in the 80s.
by riffraff 7y ago
America did not dominate for all the 100 years, Japan represented a much larger share of the world economy in the 80s.
- nostrademons 7y agoAmerica's GDP was still significantly larger than Japan's even during the 1980s: https://www.visualcapitalist.com/2000-years-economic-history-one-chart/ https://www.visualcapitalist.com/2000-years-economic-history... From about 1900 to 2015 America was totally dominant. It's only in the last few years that China has overtaken us.
- riffraff 7y agobut the share of world's stock market was not, the Tokyo SE total capitalization was higher than NYSE. EDIT: I see my original comment was misleading, I was thinking of the weight of the US on the world market as that was the context of the thread, not of the whole economy.