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

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  • Walaa Khoder Kattar

    (Necmettin Erbakan University, Konya, Turkey)

  • Ahmet Diken

    (Necmettin Erbakan University, Konya, Turkey)

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.

Suggested Citation

  • Walaa Khoder Kattar & Ahmet Diken, 2020. "Why have USA firms been more effective than the UK firms in the market since the industrial revolution?," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 6(6), pages 236-245.
    • Handle: RePEc:apb:jabsss:2020:p:236-245
    DOI: 10.20474/jabs-6.6.2
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    References listed on IDEAS

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