Why have USA firms been more effective than the UK firms in the market since the industrial revolution?

Walaa Khoder Kattar and Ahmet Diken
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Walaa Khoder Kattar: Necmettin Erbakan University, Konya, Turkey
Ahmet Diken: Necmettin Erbakan University, Konya, Turkey

Journal of Administrative and Business Studies, 2020, vol. 6, issue 6, 236-245

Abstract: 17th and early 18th centuries as that nation became an economic and colonial powerhouse and the Second Industrial Revolution took place in the United States. beginning in the mid-1800s, transforming and positioning America for its rise to a global superpower. Even though the industrial revolution has been started in Britain, American firms overtake British firms so spectacularly and the US has become the world’s leading economic power. The purpose of the present article is to explore Some Historical Events During the Industrial Revolution and try to find the reasons behind the advance of the US based on reliable data and numbers. After examining numerous articles, books, blogs, and data related to the subject we find that natural sources like America's large landmass, the diversity of US population, the availability of mineral sources followed by numerous reasons as technological innovation capability, dynamic financial system, well-spread infrastructure, transportation stand behind the superpower economy of the United States.

Keywords: Industrial revolution; United States; United Kingdom; Global Competitiveness; (GCI) (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:apb:jabsss:2020:p:236-245

DOI: 10.20474/jabs-6.6.2

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