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When did the U.S. become the largest economy in the world?
What year did that happen, and what was the previous biggest economy? What was the U.S. population then?
- simplicitusLv 71 decade agoFavorite Answer
Around 1900. Before then it was Great Britain.
Though if you count the entire British Empire as a single economy, the transition came a bit later:
As for the U.S. population then:
- 5 years ago
United States of America became the world's richest country under the president of Dwight D. Eisenhower in the late of 1950s.
- tomcatjakLv 41 decade ago
Before WW2 the US was in Isolationism, they made no contact with other countries. But when WW2 ended the US's economic growth skyrocketed and quickly became by far the worlds largest economy. Capitalist nations thrive in war, because the unemployed (who are taking government money, from taxpayers) start getting jobs or replacing jobs because people have left to serve in the army/navy/air force/marines.
- poprocLv 41 decade ago
After World War Two. Europe was destroyed and the United States took its place.
Previous to that Western Europe was bigger.
Notice the share of world GDP the US enjoyed after 1950 in the second graph.
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- Anonymous4 years ago
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- megLv 71 decade ago
China had the biggest economy until a little after 1870. All of Western Europe was bigger but it was divided among many countries. see graphs at