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The American economy has evolved significantly over time, transitioning from an agrarian base in the 18th and early 19th centuries to an industrial powerhouse by the late 19th and early 20th centuries. The post-World War II era saw a shift towards a consumer-driven economy, bolstered by technological advancements and globalization. In recent decades, there has been a rise in the service sector and digital economy, reflecting changes in consumer behavior and technological innovation. Overall, these transformations have shaped the U.S. economy into a complex and dynamic system.

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