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The standard of living (measured by what one can purchase with after-tax income) of free Americans on the eve of the revolution was higher than in 18th-century England, and higher than most people in the "Third World" today.

The degree of prosperity, comfort, material things, and necessities accessible to a particular socioeconomic class or a specific geographic area is known as a standard of living.

The defining characteristic of America is wealth.

In the meantime, immigrants from all over the world kept arriving. Since there was no shortage of land or money, territorial expansion remained alluring to business-minded individuals. Steam engines, canals, and railroads were developed along with new industries, which contributed to the nation's explosive growth.

By 1900, America had outperformed England in terms of overall economic output, playing a significant role in the global economy as a result their standard of living was higher when compared to other nations.

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