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Post WWII almost everywhere but the USA had all their production bombed and destroyed. What a strange statement you make. 'When most production in the world was
by ROTMetro 4y ago
Post WWII almost everywhere but the USA had all their production bombed and destroyed. What a strange statement you make. 'When most production in the world was destroyed, the USA, one of the few countries not bombed, accounted for most of the worlds production. Once other countries rebuilt, the USA's percentage went down'. Again, what a silly statement to make.
- chrisco255 4y agoNo, it's a factual statement, not a silly one. And for the record, the U.S. was bombed, just not on the mainland continent. The percentage was even higher than 30% in the wake of WWII (40+%), but it remained elevated until the year 2000 (32%). https://www.forbes.com/sites/mikepatton/2016/02/29/u-s-role-in-global-economy-declines-nearly-50/?sh=6a8c39545e9e https://www.forbes.com/sites/mikepatton/2016/02/29/u-s-role-... The world quickly rebuilt after WWII, but it did so along two axes: the U.S. aligned western European countries, British commonwealth nations, plus Japan; and the U.S.S.R. east of the iron curtain, which included more communist aligned nations including China. The difference in economic productivity between the rival systems was stark: Western-aligned economies performed far better. And it's the reason why the U.S. has had so much unilateral leverage over global trade and foreign relations since WWII, in addition to the Bretton Woods agreement, which made USD the global reserve. But as the article points out above, the global GDP % of U.S. dropped from the year 2000 at 32% to around 15% today, now 22 years later.