"In its best prewar year, Europe with almost 300 million people had a gross national product of 150 billion dollars. In that same year, the United States with 150 million people had a gross national product of 300 billion dollars"
About this Quote
This quote by Paul Hoffman highlights the plain economic distinctions in between Europe and also the United States in the pre-war age. It suggests that the United States had a much greater gross national product (GNP) than Europe, in spite of having a populace that was half the size. This implies that the United States was far more financially prosperous than Europe at the time. This might be as a result of a selection of variables, such as the United States' more advanced commercial facilities, its larger as well as a lot more diverse economic climate, or its much more reliable use of sources. Whatever the cause, this quote works as a tip of the financial variations in between Europe and the United States in the pre-war era.