Director D. W. Griffith, the top American filmmaker during the silent film period, was central to the development of film grammar, and producer/entrepreneur Walt Disney was a leader in both animated film and movie merchandising. Directors such as John Ford redefined the image of the American Old West, and, like others such as John Huston, broadened the possibilities of cinema with location shooting. The industry enjoyed its golden years, in what is commonly referred to as the "Golden Age of Hollywood," from the early sound period until the early 1960s, with screen actors such as John Wayne and Marilyn Monroe becoming iconic figures. In the 1970s, "New Hollywood" or the "Hollywood Renaissance" was defined by grittier films influenced by French and Italian realist pictures of the post-war period. In more recent times, directors such as Steven Spielberg, George Lucas and James Cameron have gained renown for their blockbuster films, often characterized by high production costs and earnings.
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.
More InfoIn 2018, there were almost 90 million immigrants and U.S.-born children of immigrants (second-generation Americans) in the United States, accounting for 28% of the overall U.S. population. The United States has a very diverse population; 37 ancestry groups have more than one million members. White Americans of European ancestry (mostly German, Irish, Mexican, and English), form the largest racial group, at 73.1% of the population; African Americans constitute the nation's largest racial minority and third-largest ancestry group, and are around 13% of the total U.S. population. Asian Americans are the country's second-largest racial minority (the three largest Asian ethnic groups are Chinese, Filipino, and Indian).
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 InfoThe military budget of the United States in 2011 was more than $700 billion, 41% of global military spending. At 4.7% of GDP, the rate was the second-highest among the top 15 military spenders, after Saudi Arabia. Defense spending plays a major role in science and technology investment, with roughly half of U.S. federal research and development funded by the Department of Defense. Defense's share of the overall U.S. economy has generally declined in recent decades, from Cold War peaks of 14.2% of GDP in 1953 and 69.5% of federal outlays in 1954 to 4.7% of GDP and 18.8% of federal outlays in 2011.
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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