The United State’s crowning achievement is undoubtedly its economy. With the world’s largest economy by GDP and net wealth, largest import economy, the largest consumer market, the largest internal market for goods and the highest average household and employee income of all OECD countries. This has been accomplished largely through a high degree of entrepreneurship and innovation, its has caused the dollar to become the world's most used currency for international transactions, and has helped to produce the world’s highest number of billionaires, with a total wealth of $3 trillion alone.
The US has managed to dominate economically through being the most technologically powerful economy in the world. Often at the forefront of technological advancement, America has led important technology driven industries such as computing, pharmaceuticals, medicine, aerospace and military equipment. The country has often led the way in generating new markets internationally, investing overseas and leading the world in terms of philanthropy.
Since 1890, the start of the 'gilded age', the United States has become the world’s most productive economy, developing complex infrastructure, and a high level of productivity, while maintaining a high degree of economic openness. So much so that over a century later America is still amongst the top countries in term of the Ease of Doing Business Index and the Global Competitiveness Report. This has helped make the America Dollar the world’s foremost reserve currency, being the most stable currency as it is backed by the US economy, the military, the petrodollar system and the huge U.S. treasuries market, making it the most used currency for international transactions.