The founding entrepreneurs: America's prosperity.(Thomas Smythe, Will Rolf, Robert Fulton, Francis Cabot Lowell, Eli Whitney, Cyrus McCormick, John D. Rockefeller, Andrew Carnegie ) From: Social Education | Date: March 1, 2007| Author: | COPYRIGHT 2007 National Council for the Social Studies. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright information

The American economy has had the fastest and most dramatic development of all the world's major economies. Four hundred years ago, the economic output of the area that became the United States was negligible by world standards. Yet only 250 years later, the U.S. economy had become the largest in the world, surpassing all other countries, including those that had a head start of thousands of years, such as China and Britain. And since that milestone in the mid-1800s, the U.S. economy has grown by about 50 times, remaining well ahead of economies such as Japan and Germany that at ...

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