Talks about the social consequences of the Great Depression
Many believe that during the Great Depression, about two million US residents died because of famine. Political scientists claim that this is a myth. Experts explain that, at the time, on the contrary, the production of products in the United States showed an increase of 12%, and life expectancy increased from 56.9 to 61.3 years.
In support of their rightness, scientists state that in case of total extinction of citizens millions of US residents would try to emigrate.
The US lives at the expense of other states
Many argue that the United States of America produces only 20% of world GDP, while consumes 40% of it. Experts cite the figures for imports and exports of the US for 2014. Thus, the US GDP was $17.4 trillion (23.3% of world GDP). The negative balance of trade in goods in 2014 reached 6.2% of GDP, which indicates that the States can not live at the expense of other states. Experts believed that in 2014, the US produced 22.3% of world GDP while consuming 23.7%.
America has printed a lot of dollars
Some believe that the US printed 1.4 quadrillion dollars, which exceeds the world GDP. Experts note that at the time of the appearance of the myth, the money supply of the States was $8.2 trillion - this figure is indicated on the Fed's website.
Unimaginably large US debt
Some are throwing stones at the US garden, claiming that America has a huge debt financed by other states. Someone is convinced that in case of termination of its financing the state will default, as it will not be able to service its obligations ($19.1 trillion). However, after analyzing all the data, you can see that the external debt of the United States by January 1, 2016, was only $6.2 trillion (35% of GDP). For example, the Russia's external debt is $530 billion (47% of GDP). It is also worth considering the fact that the States borrows in their own currency.
The US spends a lot on military expenses
Today, the United States spends about half of the total amount invested by other states in this sphere for military needs. However, America's spending on arms, the army and military campaigns are not in the first place in the list of public investment - most of the funds the States invest in health and social welfare unlike other countries.
Economic inequality remains one of the most pressing issues in today's world. To measure the gap between the rich and the poor in each country, the Gini index is used. This coefficient reflects how income is distributed within a society: the closer the index is to 100, the greater the inequality. Let's explore which countries currently have the highest Gini index values
This year has been pivotal for Bitcoin, the world's leading cryptocurrency. One of the key milestones was the approval of Bitcoin spot ETFs by the US Securities and Exchange Commission. In April 2024, Bitcoin also experienced a halving event, which is typically seen as a positive development for the digital asset. This year, the cryptocurrency is up 57%, and analysts remain optimistic about its future. However, they highlight four key factors that could influence Bitcoin's trajectory, both for better and for worse
Analytical periodical US News and World Report has presented its ranking of the best countries in the world in terms of quality of life, based on a survey of nearly 17,000 people. The list considers factors such as economic and political stability, a strong labor market, income equality, family-friendliness, safety, the quality of education, and healthcare systems. Let's find out which countries made it to the top of this list.
