Why Is America Important To The World ? An Essay
In this Essay you will know why America is so important in the world. United States of America is important to the word because it dominates the current global countries on every parameter . America is powerful is almost every aspect in the world and competing it is very tough in today's world. America is so powerful that it dominates almost every continent in the world. The most powerful country, the United States uses their "soft power" to rule the world . Let's see some of the notable major industries dominated by USA :-
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Entertainment Industry
1. The American film industry also known as “Hollywood” , is also called as “The Entertainment Capital of the world”. It belongs to the superpower America which boasts maximum billion dollar movies produced by any country in the world .
2. It also boasts highest grossing movies in the world like The lion king, Avatar, Star Wars: The Force Awakens, Avengers: Endgame ,Titanic on its list.
3. It has Marvel Cinematic Universe , DC Films ,Metro-Goldwyn-Mayer, 20th century studios, Universal studios , Walt Disney Studios ,Warner Bros, Columbia Pictures which has fanbase all over the world .
4. It also has the largest awards for both the movie industry and music industry in the world named as “ The Academy Awards ” and “The Grammy Awards” Respectively.
Economy
1. US has the largest economy in the world comprising 25 Trillion USD . It almost controls World economy in it's hands .
2. It's currency dollar ($) is the global currency in the world which is almost one of the most stable currencies . It has 7 major pairs with world's different currencies.
USD/JPY – (USD and Japanese Yen)
GBP/USD – (USD and British Pound)
AUD/USD – (USD and Australian Dollar)
USD/CAD – (USD and Canadian Dollar)
NZD/USD – (USD and New Zealand Dollar)
USD/CHF – (USD and Swiss Franc)
EUR/USD – (USD and Euro)
3. It ranks 8th on GDP per capita rank which almost makes it one of the most highest earning country in the world.
4. The richest company in the world is "Apple" having Market capitalisation of almost 1.5 Trillion USD .
5. The Richest person on the Planet is "Elon Musk" having net worth over 200 Billion USD .
6. It has the largest stock exchanges in the world NYSE and Nasdaq having 26.64 and 23.46 trillion dollars market capitalisation .
7. It has one of the richest cities in the world such as New York, Los Angeles, Las Vegas etc.
8. US has one the largest market cap companies in the world such as Google, Apple, Amazon, Twitter, Instagram, Facebook etc. which has dominated the internet market of the whole world.
9. It has of the highest number of billionaires in the world .
Space Industry
1. NASA has 9 centers, 7 test and research facilities, and the Jet Propulsion Laboratory.
2. It is the largest space company of the world which does space exploration, planet exploration and many more.
3. It is the only space company which has sent humans to moon .
4. It has the largest space budget in the world comprising of about 24 billion USD.
5. It has its own space station know as International space station (ISS).
Defense sector
1. It has the largest defense budget in the world comprising of 721 billion USD .
2. It also has cyber warfare, space warfare capabilities .
3. It has maximum military bases in the whole world .
4. The United Nations
The USA is a founding member of the United Nations (UN):
(a) It is one of the five permanent members on the UN Security Council, alongside the UK, China, Russia and France !
(b) It is the biggest single contributor to the UN budget, providing 22% of its total the USA contributes 27% of the UN peacekeeping budget.
Sport's sector
1. It has maximum Olympic gold medals in the world . (1,061)
2. The most attended and Watched sport in the US is soccer.
Education sector
1. It has the most prestigious universities in the world where millions of students from all over the world flock together. Some of them are :-
1. University of California
2. Yale University
3. Princeton University
4. Stanford University
5. Columbia University
6. Massachusetts Institute of Technology
7. Harvard University
So these were some of the major things where USA dominates the whole world to keep it's influence and power maintained.