This is one problem two ask. The author answers the 2nd question first, so the first question is relatively simple.
The rise of American spending market is to going up century 70, 80 time, have event of 3 marks sex. Also represented the United States to consume the process that the market rises:
International money system is transitionalActing 1970 first, lay mines pauses silvan system breaks down, lay mines pauses after silvan system period begins. The dollar remains world dominant currency, but cast off gold tie, the foundation that prop up is American government credence. Dollar assets is the whole world provides appeal capital fund most, it is American government, enterprise and individual no matter OK low cost financing. Will tell to American people have temptation too, want financing of low cost ground to lend money only, can buy the pron any thing that wants to buy.
The United States turns into country of unfavorable balance of tradeA large number of capital are swarmed into, decision United States must keep regular project adverse balance of trade. The United States appeared 1976 commodity and service unfavorable balance of trade 6.082 billion dollar. 1976 is a year when have mark sex, the situation of favorable balance of trade of the United States after World War II is thoroughly terminative. Begin from this year up to now, american in successive years carries unfavorable balance of trade, and grow in intensity. Many and cheap commodity is swarmed into, let American consumer too many things to see, consumptive choice is very much, stimulated the development that the United States consumes further.
The United States realized finance to flourish greatlyActing 1980, the United States loosens finance to superintend considerably, drive finance to liberalize. 1980, the United States is promulgated " absorb deposit orgnaization to loosen control to reach the money controlled a standard 1980 " . 1987, the United States is promulgated " fair competition banking law " , put forward financial structural reorganization 1989, revive and implement plan. These act loosen the effect that finance superintends, changed tradition of American tall deposit, consumption and personal credit increase sharply, it is the mainest reason that drives the United States to consume the market to flourish.
Accordingly, return the first problem again. The United States' biggest consumptive market contributing factor depends on:
The first, dollar position (above had elaborated) the 2nd, consumer credit is propped upFinance flourished to change pattern of American tall deposit thoroughly greatly, consume a habit with the people. American change becomes the economic pattern that consumes drive. 1985-1987 year, american private savings ratio falls 3 years continuously to 10% the following, it is respectively 8.6% , 8.2% with 7.3% , after this also cannot be returned again 1945 the Gao Shuiping of 22.5% . 2017, american savings ratio has dropped to 3.4% , be in historical low. The consumer credit that can overdraw to did not come, propped up the United States to make the consumptive market with the biggest whole world.
The 3rd, good actual strength is propped upWorld of American economy actual strength is the strongest, GDP broke through 19 trillion dollar 2017, average per capita can control income to amount to 44110 dollars. Have global range inside higher average income, consume ability freeboard naturally.
The 4th, of rising market contribute silentlyIn the international economic system of dollar dominant, the United States can rely on dollar position to be imported in great quantities. Rising market can rely on welfare of sacrificial homeland countryman and resource only, be in low end of international industry catenary, machine reexport of product of low additional cost to go to the United States. The product with extremely low price, depress of help United States inflationary level, promoted the United States the purchasing power of consumer, consolidated American whole world is the greatest the position that consumes the market.
This is why, the United States has 300 million population only, but make the whole world the mystery of market of the biggest spending...