In 1876, Alexander Graham Bell was awarded the first U.S. patent for the telephone. Thomas Edison's research laboratory, one of the first of its kind, developed the phonograph, the first long-lasting light bulb, and the first viable movie camera. The latter led to emergence of the worldwide entertainment industry. In the early 20th century, the automobile companies of Ransom E. Olds and Henry Ford popularized the assembly line. The Wright brothers, in 1903, made the first sustained and controlled heavier-than-air powered flight.
In 2009, the private sector was estimated to constitute 86.4% of the economy. While its economy has reached a postindustrial level of development, the United States remains an industrial power. Consumer spending comprised 68% of the U.S. economy in 2015. In August 2010, the American labor force consisted of 154.1 million people (50%). With 21.2 million people, government is the leading field of employment. The largest private employment sector is health care and social assistance, with 16.4 million people. It has a smaller welfare state and redistributes less income through government action than most European nations.
More InfoAmerican forces in Iraq were withdrawn in large numbers in 2009 and 2010, and the war in the region was declared formally over in December 2011. But months earlier, Operation Neptune Spear led to the death of the leader of Al-Qaeda in Pakistan. In the presidential election of 2016, Republican Donald Trump was elected as the 45th president of the United States. On January 20, 2020, the first case of COVID-19 in the United States was confirmed. As of August 2020, the United States has over 4.5 million COVID-19 cases and over 150,000 deaths. The United States is, by far, the country with the most cases of COVID-19 since April 11, 2020.
More InfoGovernment policy designed to promote affordable housing, widespread failures in corporate and regulatory governance, and historically low interest rates set by the Federal Reserve led to the mid-2000s housing bubble, which culminated with the 2008 financial crisis, the nation's largest economic contraction since the Great Depression. Barack Obama, the first African-American and multiracial president, was elected in 2008 amid the crisis, and subsequently passed stimulus measures and the Dodd–Frank Act in an attempt to mitigate its negative effects and ensure there would not be a repeat of the crisis. In 2010, the Obama administration passed the Affordable Care Act, which made the most sweeping reforms to the nation's healthcare system in nearly five decades, including mandates, subsidies and insurance exchanges.
More InfoIn 1920, the women's rights movement won passage of a constitutional amendment granting women's suffrage. The 1920s and 1930s saw the rise of radio for mass communication and the invention of early television. The prosperity of the Roaring Twenties ended with the Wall Street Crash of 1929 and the onset of the Great Depression. After his election as president in 1932, Franklin D. Roosevelt responded with the New Deal. The Great Migration of millions of African Americans out of the American South began before World War I and extended through the 1960s; whereas the Dust Bowl of the mid-1930s impoverished many farming communities and spurred a new wave of western migration.
More InfoIn 2009, the private sector was estimated to constitute 86.4% of the economy. While its economy has reached a postindustrial level of development, the United States remains an industrial power. Consumer spending comprised 68% of the U.S. economy in 2015. In August 2010, the American labor force consisted of 154.1 million people (50%). With 21.2 million people, government is the leading field of employment. The largest private employment sector is health care and social assistance, with 16.4 million people. It has a smaller welfare state and redistributes less income through government action than most European nations.
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