Asked by Lindsey Hagen on Jul 08, 2024
Verified
In which year did the United States account for half the world's manufacturing output?
A) 1925
B) 1945
C) 1965
D) 1985
E) 2005
Manufacturing Output
The total value of goods produced by the manufacturing sector of an economy within a specific period.
United States
A country located in North America, consisting of 50 states and a federal district, known for its significant influence on global politics, economy, and culture.
- Identify historical trends and significant shifts in U.S. economic history, including inflation, recessions, and expansions.
Verified Answer
SB
Shelby BucklerJul 09, 2024
Final Answer :
B
Explanation :
In 1945, following World War II, the United States emerged as the dominant economic power and accounted for about half of the world's manufacturing output. This was due to the destruction of European and Asian industrial capacity during the war, while the US's infrastructure remained largely intact.
Learning Objectives
- Identify historical trends and significant shifts in U.S. economic history, including inflation, recessions, and expansions.