Thirteen of Britain's American colonies broke with the mother country in 1776 and were recognized as the new nation of the United States of America following the Treaty of Paris in 1783. During the 19th and 20th centuries, 37 new states were added as the nation expanded across the North American continent and acquired a number of overseas possessions. Two of the most traumatic experiences in the nation's history were the Civil War (1861-65), in which a northern Union of states defeated a secessionist Confederacy of 11 southern slave states, and the Great Depression of the 1930s, an economic downturn during which about a quarter of the labor force lost its jobs. Buoyed by victories in World Wars I and II and the end of the Cold War in 1991, the US remains the world's most powerful nation state. Since the end of World War II, the economy has achieved relatively steady growth, low unemployment, and rapid advances in technology.
world’s largest economy by nominal GDP; largest importer and second-largest exporter; home to leading financial exchanges and global reserve currency; high and growing public debt; inflation moderating but remains above pre-pandemic levels