North America

North America

 

North America (including Mexico and the Caribbean) had over 498m people spead over 16 countries in 2018. Total GDP was 23.5 trillion USD and average GDP per capita was 19,615 USD. Total exports were 3.6 trillion USD. From around 40,000 years ago during the Last Glacial Maximum, people walked from Siberia into North America across the Bering land bridge. Maize, beans, and squash were first domesticated in Mesoamerica sometime during the Archaic period (8,000 to 1,000 BC). The Olmecs developed the first cities in North America in Mesoamerica from around 1200 BC. They were followed by the Mayans (classical period: 250 to 900 AD) and the Aztecs in (1150 to 1519 AD). Further north, the Iroquois confederacy also settled and grew crops as did the Ancient Puebloans in the south-west. Throughout the continent many nomadic cultures also developed. In the Caribbean, first settlement occurred around 7,500 BC and from 2,500 BC there is evidence of trade in the region. When Columbus first arrived in the Caribbean in 1492, the area was inhabited by the Caquetío, Carib and Taíno. The Spanish soon colonised the Caribbean, Mexico, Florida and the South-West USA. They were joined in the Caribbean by the French, English, and Dutch. The French also founded Quebec City in 1608 and by the end of the 17th century had established forts and trading settlements down along the Mississippi to the Gulf of Mexico. The British founded Jamestown in 1607 and from there colonised the East Coast. In 1776, these English colonies declared independence. Mexico declared independence from Spain in 1810, and the slaves in Haiti overthrew the French in 1803. After independence, the USA slowly moved out across the continent acquiring French Louisiana in 1803 and Spanish Florida in 1819. Native Americans were repeatedly pushed west. In 1845, the US annexed Texas and then gained Alta California and Santa Fe de Nuevo México after defeating Mexico in the Mexican-American War (1846-1848). Alaska was bought from the Russians in 1867. The British maintained control in the north and took control of the French colonies after the Battle of Quebec in 1759. These British territories eventually became independent Canada in 1867. In the Caribbean, Cuba became independent with US help in 1902. The US began to industrialise from around the mid-1800s and this accelerated with the US Civil War. Railroad and the telegraph played a key part in transforming the US. By the start of the 20th century the US had emerged as a leading industrial power. It also became a colonial power after the Spanish-American War in 1898. In 1914, it finished building the Panama Canal revolutionising trade to the Pacific. After WW1 the US emerged as a global power and a superpower after WW2. This was consolidated with the new international financial exchange rate system and Breton Woods institutions implemented after WW2. In the economic sphere the US championed free trade and drove the development of GATT and eventually the WTO. Its Marshall Plan also helped to rehabilitate the economies of Western Europe after WW2. In 1994, it signed the North American Free Trade Agreement (NAFTA) with Canada and Mexico. NAFTA has now been superseded by the US, Mexico, and Canada free trade agreement. In the political sphere the US fought a “Cold War” against Soviet Russia after WW2 with several proxy wars fought around the world including in Korea, Vietnam, Afghanistan, and Cuba. Cuba had become communist in 1959. Since the end of Soviet Russia in 1989, the US has led the international community as the sole superpower.

Luxury Living: Music Delivered the Old-Fashioned Way

The news of its death was greatly exaggerated. Sales of vinyl records are spinning through the roof. According to Nielsen – an American company that monitors global media usage –

Ginni Rometty: Steering a Behemoth onto the Cloud

Considered the world’s most powerful woman in business in 2012, IBM Chairperson and CEO Ginni Rometty is steering her company to the cloud. Not one to set modest goals, Mrs

Corporate Knights Capital: Sustainability Reporting – Empowering Responsible Investing for Long-Term Prosperity

Last September, the Rockefeller Brothers Fund announced its pledge to divest its fossil fuel holdings as part of a larger divestment movement that aims to derive the industry of up

Stephen Heintz: Getting the Rockefellers Out of Oil

The Rockefellers are set to join the Occupy Movement – sort of. The family that built its legendary fortune on oil will now abandon nearly all investments in fossil fuel.
Read more

World Bank Group: Remittances – A Vital Channel for Global Cash Flows

Envision the world economy as a complex, interconnected array of financial engines whose propulsion helps reinforce one another’s momentum. One of the component engines is a small but significant one

World Economic Forum: Less Is More and Other Wisdom from Davos

Less is more, and you better get used to it. That is the message US real estate tycoon Jeff Greene brought to the World Economic Forum (WEF) in Davos, Switzerland.

World Economic Forum Opens in Davos: Sharing and Caring

Davos – Over 2,600 of the world’s most notable people have ascended to Europe’s highest mountain town for a series of meetings that aim to address “key issues of global

US Welcomed at Davos as the New Emerging Market

The annual meeting of top businessmen, leading public officials, and a host of other VIPs in Davos usually sees emerging markets claim centre stage and draw attention to the marvels
Read more

World Bank Commits over $1 Billion to Bangladesh

WASHINGTON – The World Bank today approved approximately $1.1 billion for three projects in Bangladesh that would benefit almost 36 million people by improving the quality of primary education, building coastal

World Bank: International Food Prices Hit Four-Year Low

New World Bank Group tool focuses on preparedness for potential future crises. International prices of food decreased by 6 percent between April and August 2014, reaching a four-year low, according

UN Reports Potential for Gradual Return to Global Growth, Foresees Risks, Uncertainties

Global economic growth is forecast to continue increasing over the next two years, the United Nations reported today, despite legacies from the financial crisis continuing to weigh on growth, and

Trade Balance of Developing and Developed Countries Continues to Converge, UNCTAD Statistics Show

UNCTAD Handbook of Statistics 2014 shows that developing and transition economies run large trade surpluses for merchandise and services trade. Geneva, 9 December 2014 – Developing economies ran a combined
Read more
CFI

Published by
CFI

Recent Posts

Middle East

5 years ago

Latin America

5 years ago

Europe

5 years ago

Asia Pacific

5 years ago

Africa

5 years ago