American History -glimpses of the USA
Modern American history in many ways started with the declaration of independence in the year 1776. Till 1776, the United States territories were inhabited by Native Americans till the arrival of the Europeans. The Europeans first reached the American continent with the voyage of Christopher Columbus in 1492.
It was in the 18th Century, during the American Revolution thirteen colonies were declared independent from the British Empire. The US Constitution was made as the basis for United States federal government in the year 1789. Though it was independent, being a young nation America struggled with the scope of central government and with European influence. This circumstance led to the formation of first political parties in 1790s. A fresh war for independence was fought again in the year 1812.
America grew as an industrialized power by the early 20th century. The industry and politics was reformed after the lifestyle changes and which led to the progressive movement. A stable overall GDP growth rate has been maintained in the US economy over the years.
The United States for most of its modern history is well known for its low unemployment rate and high levels of research and capital investment by both national and foreign investors. Since 1890, America is one of the world's largest national economies. In the year 2009 along with the consumer expenditure the health care spending by the government constituted 70% of the American economy.
