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.

IMF: Anything that Works to Create Jobs

A broad mix of policies is needed to help put the global economy on a sustained and balanced growth path, the IMF said as it wrapped up the 2013 Spring

IMF: The Risk Side of Exceptionally Low Interest Rates

Several years of exceptionally low interest rates and bond buying by some advanced economy central banks have improved some indicators of banks’ health while supporting the economy and financial stability,

Countdown to the 2013 Global Diaspora Forum

Following the unparalleled momentum and success of the 2011 and 2012 conferences, the third annual Global Diaspora Forum (GDF) is truly going global this year with simultaneously streamed events from around

Michelle Obama: A Debt of Gratitude

The 2012 speech by Michelle Obama at the Democratic National Convention in support of her husband was undeniably brilliant and a political tour de force. She connected with the aspirations
Read more

International Chamber of Commerce: G20 Openness Could Improve

Presenting pre-findings of an ICC Open Markets Index at an international business dialogue in Paris on March 4th, ICC Chairman Gerard Worms said that government authorities equipped with better information

The International Financial Institutions: Collaboration for Development and Growth

Leaders of the African Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank, International Monetary Fund, and the World Bank Group pledged on February 26, 2013 close collaboration

Global FDI Recovery Stalls in 2012

Macroeconomic fragility and policy uncertainty for investors has led to an 18 per cent decline in global foreign direct investment (FDI) inflows last year, to an estimated $1.3 trillion, the

IFC Study: Obstacles to Growth and Job Creation

A new study by IFC, a member of the World Bank Group, finds that much-needed jobs in developing countries can be created at a faster rate if policy makers and development institutions
Read more

The Price of Pollution

How much does environmental activism affect a corporation’s bottom line? By Valerie Ross based on the research of Ion Bogdan Vasi And Brayden King When a big corporation is accused

Investors Strongly Bullish on EMs

A December, 2012 Society Generale monthly survey covering 52 customers throughout Asia, Europe and the United States suggests that investors are strongly medium-term bullish on emerging markets. The confidence shown

UN Downgrades Economic Forecasts for 2013/14

World economic growth has weakened considerably during 2012 and is expected to remain subdued in the coming two years, according to a United Nations report in late December, which calls

Janamitra Devan: The Innovation Imperative

Overcoming the Myths and Recognizing the Realities of Innovation, Job Creation and Prosperity By Janamitra Devan Innovation drives competitiveness, and maximizing competitiveness is indispensable to achieving sustainable job creation. Any
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