Re: The scariest docu on the post-industrial American economy you will The reasons the United States became wealthy are quite varied and complex, but here are a few important ones that come to mind: The founding fathers laid out a framework for a society where power was relatively balanced and always in the hands of the people and not just the select few. The society has always had a strong belief in the rule of law and through competent governance the American society has always successfully guaranteed individual freedom,constitutional rights, property rights and fair business practices for all. The society has always invested a lot of resources in its own development particularly by building a wide array of excellent institutions. Most of these investments were through public funds. For instance a majority of Americans sought education from public highschools and state universities. Businesses could become successful due to open access to excellent road and rail networks and systems like the US mail. The society through effective governance and the abovementioned institutions has always managed to maintain an environment that promoted creativity, entrepreneurship, and provided incentive for hard work. Our current predicament is also a direct consequence of the breakdown in these critical institutions particularly in the maintenance of the rule of law and provision primary/secondary education. As far as the political/ economic philosophy is concerned, the United States has always been a social republic that placed an emphasis on individual accomplishment by collectively creating favorable conditions through effective and competent governance.