4 ms·
references here are important.. it seems reductive framing to judge using economic units without acknowledging the interdependancies of real human living condit
by mistrial9 2y ago
references here are important.. it seems reductive framing to judge using economic units without acknowledging the interdependancies of real human living conditions and contexts, around the globe; secondly, unified national currency in the USA was not exactly a settled thing, not long before that era.. so measuring has to have some wrinkles in it, no?
- mighmi 2y ago> wrinkles They go the other way. The US surpassed the UK in per capita income in the 1880s. However, American yeomen farmers, factory workers etc. were far better off than (non-UK) Europeans even in 1800, hence millions of Europeans immigrating. By 1913, the American was still earning almost twice as much as the German or French: https://en.wikipedia.org/wiki/List_of_regions_by_past_GDP_(PPP)_per_capita https://en.wikipedia.org/wiki/List_of_regions_by_past_GDP_(P...
- WalterBright 2y ago"The United States has been the world's largest national economy in terms of GDP since around 1890." https://en.wikipedia.org/wiki/Economy_of_the_United_States https://en.wikipedia.org/wiki/Economy_of_the_United_States
- jahewson 2y agoHuh? During the preceding decades the US invented the skyscraper, was home to the world’s tallest building, invented the light bulb, air conditioning, the airplane, the supermarket, and cotton candy!
- RadixDLT 2y agosome of the ideas were REHASHED from Europe, some were invented by Europe migrants