In 1913, the GDP per capita of the United States grew to more than double what it had been in 1870. The influx of migration to the United States allowed for an industrial boom, and high levels of innovation and expansion meant that the U.S. was at the forefront of technological advancements. High levels of exports also brought significant wealth to the country, as the U.S. extended its sphere of influence across the Americas and into Western Europe. Although a severe recession did halt economic growth in the 1870s and 1880s, the decades that followed saw rapid growth, and living standards and infrastructure improved to levels similar to Europe. Growth in Western Europe was comparatively lower than in the U.S. but was still strong throughout this period, particularly in France, Germany, and Scandinavia.
Gross domestic product (GDP) per capita as a share of 1870's GDP per capita in emerging economic powers in 1900 and 1913
Characteristic
1900
1913
United States
167%
216%
France and Germany
159%
193%
Scandinavia*
148%
187%
Old leaders (Britain, Netherlands, Belgium and Switzerland)
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Cambridge University Press. (December 31, 2006). Gross domestic product (GDP) per capita as a share of 1870's GDP per capita in emerging economic powers in 1900 and 1913 [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1238749/gdp-per-capita-growth-emerging-economic-powers-1870-1913/
Cambridge University Press. "Gross domestic product (GDP) per capita as a share of 1870's GDP per capita in emerging economic powers in 1900 and 1913 ." Chart. December 31, 2006. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1238749/gdp-per-capita-growth-emerging-economic-powers-1870-1913/
Cambridge University Press. (2006). Gross domestic product (GDP) per capita as a share of 1870's GDP per capita in emerging economic powers in 1900 and 1913 . Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1238749/gdp-per-capita-growth-emerging-economic-powers-1870-1913/
Cambridge University Press. "Gross Domestic Product (Gdp) per Capita as a Share of 1870's Gdp per Capita in Emerging Economic Powers in 1900 and 1913 ." Statista, Statista Inc., 31 Dec 2006, https://www.statista.com/statistics/1238749/gdp-per-capita-growth-emerging-economic-powers-1870-1913/
Cambridge University Press, Gross domestic product (GDP) per capita as a share of 1870's GDP per capita in emerging economic powers in 1900 and 1913 Statista, https://www.statista.com/statistics/1238749/gdp-per-capita-growth-emerging-economic-powers-1870-1913/ (last visited November 05, 2024)
Gross domestic product (GDP) per capita as a share of 1870's GDP per capita in emerging economic powers in 1900 and 1913 [Graph], Cambridge University Press, December 31, 2006. [Online]. Available: https://www.statista.com/statistics/1238749/gdp-per-capita-growth-emerging-economic-powers-1870-1913/