A hypothetical federal budget that would exist if the economy were at full employment. ... The full-employment budget indicates whether any of the federal government's fiscal policy is over- or under-stimulating the economy given the current position in the business cycle.
Answer: An abundance of natural resources
Further detail:
The Industrial Revolution had its beginning in Great Britain, and eventually spread from there. Once the United States became involved, especially in the "Second Industrial Revolution" years (1870-1914), the size and resources of the country allowed the US to become a bigger industrial power than the nations of Europe.
The Bessemer process made possible the manufacture of large amounts of high-quality steel for the first time. This, in turn, provided steel at relatively low cost to various industries. By revolutionizing the steel industry, the Bessemer process helped to spur on the Industrial Revolution.
<span>Latin America is comprised of an extremely diverse set of countries, economically, demographically, politically and even culturally. Economic difficulties and political unrest in Venezuela, for example, have created an exodus to the United States. Many of these people are seeking greater economic opportunity and freedom for themselves and their children, as well as an escape from the humanitarian crisis there due to a lack of food medicine and other staples. Other may be fleeing political persecution for speaking out against the government. In another example, many Mexicans have migrated to the US in past decades seeking higher wages and better quality of life. The ongoing cartel drug wars only intensified the migration, as eruptions of violence have driven many away from their home towns.</span>
