What does the US GDP rely on first in the world for 124 years in a row? Expert: there are four pillars

As we all know, the United States is now the country with the strongest economic strength. Since the end of the 19th century, the total amount of GDP has exceeded that of Britain, and it has been the "number one economy in the world" for 124 years. By 2017, the total economic output has accounted for about 1/5 of the global economic output. So what supports the United States behind such a strong economy? Some experts have analyzed this.

Experts say the reason why the US economy is so strong is that there are four pillars behind it.

First, agriculture is the foundation of the American economy. People who have studied the international grain market all know that the expected report of agricultural products in the United States is equivalent to the weather vane of the international market. As long as the output of agricultural products in the United States fluctuates in a year, whether it is a bumper harvest or a poor harvest, it will cause fluctuations in the international grain market, and even a weather forecast in the grain-producing areas of the United States may become the basis for grain price speculation.

Although there are not many people growing food in the United States, relying on high technology, the United States has become the world's major grain exporter, and the price of selling grain has always been very low, which makes American agricultural products fully control the voice of the international grain market, and even setting international grain prices is only one step away.

Second, technology is the killer of the American economy. The United States is known as the "top of human science and technology", which shows the development of its science and technology. Nowadays, we always have the feeling that the industrial strength of the United States is very weak. in fact, it is because the United States has moved all its medium-and low-end industries out of the United States in order to develop high technology. today, all the top five technology companies in the world belong to the United States, and these five companies alone. The United States can account for half of the global science and technology field.

Third, finance is the highlight of the American economy. It is said that "if Wall Street sneezes, the world will catch a cold." this is how powerful the American financial industry is. The US dollar as the world currency, if a country does not have US dollar reserves, then the country's international trading system may collapse in a very short time, which makes the US dollar a sharp weapon for financial sanctions against other countries. the United States has also grasped the international oil pricing power through the implementation of the international petrodollar settlement system, and even reached the point where there would be no oil without US dollars. Today, the dollar system makes it easy for the United States to live a life of luxury, but at the same time, the United States is extremely dependent on it, which also puts the American economy at risk.

Fourth, military strength is the guarantee of the US economy. The United States has many number one in the world, and its military strength is also one of them. for the United States, its sophisticated economic strength is like a "money counting machine." in the past, the United States made a lot of money by selling military supplies in wars. this has enabled the United States to quickly complete its economic accumulation and become the country with the strongest economic strength in the world. Today, the military is still the guarantee of the US economy. The United States not only uses it to threaten other countries, but also uses it to guarantee huge economic income.

Well, that's why the United States has been the number one economy in the world for 124 years in a row. do you have any opinion on that? You are welcome to leave a message and chat with us.

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