Origin of American Power
The USA is the undisputed superpower of our age. A few people might disagree with this opinion, but we often ignore the reservoir of American power, what makes America as sole superpower of our time? Let me start the story of America. Before independence, the North American continent was occupied and colonized by various European powers, mainly Great Britain, Spain, and France. It was also worth noting that before the self-independence of the USA, much of the British political, economic, and cultural institutions were planted in 13 colonies of the USA. Moving fast track, on the issue of taxation, 13 colonies aided by France fought with the British and won independence during the War of Revolution 1777-1783.
However, America in the 19th century was weak and nobody thought that the USA would be the leading power in the coming age. Internal divisions, slavery issues, political divide, weak economy, and hegemony of European powers in the American continent were chief issues of that time of the USA. Again, on the issue of commercial and naval rights, the USA fought another war with Great Britain in 1812. Luckily, the USA was able to emerge victorious in the War of 1812, despite heavy losses. In that era, much of American attention was paid to the expansion of territory eastward under the umbrella of Manifest Destiney, industrialization, formation of the banking and financial sector, political stability at home, and adherence to the constitution of the USA largely due to policies of President Thomas Jefferson, James Madison, Monroe and Andrew Jackson.
Stock market loses 465 pointsUnder the presidency of James Monroe, the USA declared the “Monroe Doctrine” (1823) that outlawed European powers from further colonization of America and established the USA’s right to intervene in the Northern Hemisphere.........
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