i) Existence of large mineral deposits for example coal, iron and tin for use in industries,
ii) Use of the skilled and unskilled labour led to the establishment of American industries,
iii) The development of efficient transport and communication network enhanced economic growth,
iv) Existence of enterprising entrepreneurs who have invested in the country had enabled the United States of America to enjoy a monopoly of the world's economic systems
v) Existence of ready market at home and abroad for American products stimulated industrial growth
vi) The USA has experience relatively fewer strikers and industrial growth
vii) The aggressive foreign investments policies have enabled her to dominate world economic system and also attracted foreign investment,
viii) The collapse of European economic during the 2nd World War enabled the USA to extend here influence to Europe and other parts of the world
ix) Technological advancement has enabled the USA to dominate world economy/machines
x) Political stability
xi) Availability of energy eg coal, oil, gas etc
xii) Banking and insurance services/financial institutions
lemass answered the question on March 19, 2019 at 10:05
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