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The fledgling thirteen colonies established their independence on ingenuity, the frontier, and support from France and her allies. The United States and her national debt were born, and both have expanded seemingly without limits. However, in the years leading up to America’s sestercentennial, serious questions about the unsustainability of America’s economic practices have developed. Once the world’s leading economic superpower, in the twentieth century America assumed the role of financial capital of the world. As America’s trade deficit continues to increase, much of America’s massive debt is now controlled by China, and a transfer of power seems to be in progress. But even amidst recession, the model of the American Dream is still clinging to life. Whether America and her dream can emerge unscathed in the coming years remains to be seen. It is a complex economic question, and one that cannot be untangled from the global economy. Thus, read the narratives that is looking at the economic past to understand the present and chart the future economy of the States.

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