Journal of Administrative and Business Studies
Details
Journal ISSN: 2414-309X
Article DOI: https://doi.org/10.20474/jabs-6.6.2
Received: 26 July 2020
Accepted: 13 October 2020
Published: 15 December 2020
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  • Why have USA firms been more effective than the UK firms in the market since the industrial revolution?


Walaa Khoder Kattar, Ahmet Diken

Abstract

Even though the Industrial Revolution started in Britain, American firms overtake British firms so spectacularly, and the US has become the world's leading economic power. The purpose of the present article is to explore Some Historical Events During the Industrial Revolution and try to find the reasons behind the advance of the US-based on reliable data and numbers. In this study, we used secondary data from the previous literature review of the effectiveness of US Firms and UK Firms in the market since the Industrial Revolution. After examining numerous articles, books, blogs, and data related to the subject, we find that natural sources like America's large landmass, the diversity of US population, the availability of mineral sources followed by numerous reasons as technological innovation capability, dynamic financial system, well-spread infrastructure, transportation stand behind the superpower economy of the United States.