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Because the name "United States of America" produces the adjective "American." If Canada were to rename itself the "Canadian Provinces of America," its citizens might also become "Americans." (And if the US had shortened its name to "United States," its citizens might have become known as Statesians or Uniteds.)

Another answer:

Usage over time has resulted in the term Americans for citizens of the US. Canada and Mexico are included in the term North Americans. And the term America's refers to all of North and South America.

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Q: Why are only people from the US considered Americans?
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