Belgian Grand Prix
The Belgian Grand Prix is an automobile race, part of the Formula One World Championship. The first national race of Belgium was held in 1925 at the Spa region's race course, an area of the country, associated with motor sport since the early years of racing. To accommodate Grand Prix motor racing, the Circuit de Spa-Francorchamps race course was built in 1921 but it was only used for motorcycle racing until 1924. After the 1923 success of the new 24 hours of Le Mans in France, the Spa 24 Hours, a similar 24-hour endurance race, was run at the Spa track. Since inception, Spa-Francorchamps has been known for its unpredictable weather. At one stage in its history it had rained at the Belgian Grand Prix for twenty years in a row. Drivers confront a part of the course, clear and bright while another stretch is rainy and slippery; the Belgian Grand Prix was designated the European Grand Prix six times between 1925 and 1973, when this title was an honorary designation given each year to one Grand Prix race in Europe.
It is one of the most popular races on the Formula One calendar, due to the scenic and historical Spa-Francorchamps circuit being a favourite of drivers and fans. In 1925, the first Belgian Grand Prix was held at the fast, 9-mile Spa-Francorchamps circuit located in the Ardennes region of eastern Belgium, about half an hour from Liege; this race was won by the Italian works Alfa driver Antonio Ascari, whose son Alberto would win the race in 1952 and 1953. Sadly, after winning the Belgian race, Antonio Ascari was killed in his next race at the 1925 French Grand Prix; the Grand Prix did not come back until 1930, the circuit had been modified, bypassing the Malmedy chicane. The race was won by Louis Chiron, in 1931, the Grand Prix had become something of an endurance race, with Briton William Grover-Williams and Caberto Conelli winning. 1933 was won by Tazio Nuvolari, 1935 was won by Rudolf Caracciola in a Mercedes, by which time the circuit had re-installed the Malmedy Chicane. The 1939 race saw the birth of the Raidillon corner.
In contrast to popular belief, only the small kink to the left at the bottom of the drop is named Eau Rouge, which directly leads into Raidillon, a long right uphill corner. The conditions were dreadful, the race was marred by the death of British driver Richard "Dick" Seaman while leading the race. Going into Clubhouse corner, Seaman was pushing hard. Seaman received life-threatening burns, he succumbed to his injuries in hospital; the race was won by Seaman's teammate Hermann Lang. World War II broke out, the Belgian Grand Prix did not return until June 1946, when the 2 to 4.5 litres race at the Bois de la Cambre public park in the Belgian capital of Brussels was won by Frenchman Eugène Chaboud in a Delage. Spa was modified to make it faster, shortening it to 8.7 miles. All of the slow corners were taken out – the Stavelot hairpin was bypassed and made into a fast banked corner and the Malmedy chicane was bypassed. At this time, every corner except La Source was ultra-high speed. Spa over this time became known as one of the most extreme and fearsome circuits in motorsports history.
1950 saw the introduction of the Formula One World Championship. Their closest challenger, Alberto Ascari, fell back; the race was won by Fangio, Farina won the next year's race in his works Alfa after Fangio dropped back with hub problems. 1953 saw. Fangio crashed and José Froilán González had a steering failure and stopped out near the banked Stavelot corner. 1955 saw Mercedes dominate and his British teammate Stirling Moss led the race distance. Moss followed Fangio for most of the race, the Argentine took victory as he had the year before in a Maserati. 1956 saw a wet race, with Moss in a Maserati lead, Fangio, now driving for Ferrari, made a bad start and dropped to fifth at the start, although he got up to second behind Moss. The track was drying, Moss lost a wheel at Raidillon corner, he didn't hit anything and went back to take over his teammate Cesare Perdisa's car and was able to finish 3rd. The gearbox in Fangio's car broke, his teammate Peter Collins won the race; the 1957 race was cancelled because there was no money for the race to be held, thanks to the extreme prices of fuel in Belgium and the Netherlands caused by the Suez crisis.
1958 saw Spa upgraded with new facilities, a resurfaced track and the pit straight was made wider. But Spa had gained a reputation as a unforgiving, frightening and a mentally challenging circuit in those safety-absent days, most racing events there – the Belgian Grand Prix at Spa – had smaller-than-average fields because a number of drivers feared the circuit and did not like racing there; the layout was still the same as before, the small non-existent margin for error as described before had been realised quickly. The circuit was challenging because each corner on the circuit was so fast, because of the circuit's long length in addition to the fact that it was only made up of fast corners and straights; the circuit was so fast that it wasn't all that much slower than most American ovals, such as Indianapolis. This made Spa a considerable mental challenge, each corner was as important as the other.
Lancia is an Italian automobile manufacturer founded in 1906 by Vincenzo Lancia as Lancia & C.. It became part of the Fiat Group in 1969; the company has a strong rally heritage and is noted for using letters of the Greek alphabet for its model names. Lancia vehicles are no longer sold outside Italy and comprise only the Ypsilon supermini range, as the late Fiat CEO Sergio Marchionne foreshadowed in January 2014 until his death in 2018. Lancia & C. Fabbrica Automobili was founded on 29 November 1906 in Turin by Fiat racing drivers, Vincenzo Lancia and his friend, Claudio Fogolin; the first car manufactured by Lancia was the "Tipo 51" or "12 HP", which remained in production from 1907 to 1908. It had a small four-cylinder engine with a power output of 28 PS. In 1910, Lancia components were exported to the United States where they were assembled and sold as SGVs by the SGV Company. In 1915, Lancia manufactured its first truck, the Jota that continued as a dedicated series. In 1937, Vincenzo died of a heart attack and both his wife, Adele Miglietti Lancia, his son, Gianni Lancia, took over control of the company.
They persuaded Vittorio Jano to join as an engineer. Jano had made a name for himself by designing various Alfa Romeo models, including some of its most successful race cars such as the 6C, P2 and P3. Lancia is renowned in the automotive world for introducing cars with numerous innovations; these include the Theta of 1913, the first European production car to feature a complete electrical system as standard equipment. Lancia's first car adopting a monocoque chassis – the Lambda produced from 1922 to 1931 - featured'Sliding Pillar' independent front suspension that incorporated the spring and hydraulic damper into a single unit. 1948 saw the first 5 speed gearbox to be fitted to a production car. Lancia premiered the first full-production V6 engine, in the 1950 Aurelia, after earlier industry-leading experiments with V8 and V12 engine configurations, it was the first manufacturer to produce a V4 engine. Other innovations involved the use of independent suspension in production cars and rear transaxles, which were first fitted to the Aurelia and Flaminia range.
This drive for innovation, constant quest for excellence, fixation of quality, complex construction processes and antiqued production machinery meant that all cars had to be hand-made. With little commonality between the various models, the cost of production continued to increase extensively, while no increase in demand affecting Lancia's viability. Gianni Lancia, a graduate engineer, was president of Lancia from 1947 to 1955. In 1956 the Pesenti family took over control of Lancia with Carlo Pesenti in charge of the company. Fiat launched a take-over bid in October 1969, accepted by Lancia as the company was losing significant sums of money, with losses in 1969 being GB£20m; this was not the end of the distinctive Lancia marque, new models in the 1970s such as the Stratos and Beta served to prove that Fiat wished to preserve the image of the brand it had acquired. During the 1970s and 1980s, Lancia had great success in rallying, winning many World Rally Championships. During the 1980s, the company cooperated with Saab Automobile, with the Lancia Delta being sold as the Saab 600 in Sweden.
The 1985 Lancia Thema shared a platform with the Saab 9000, Fiat Croma and the Alfa Romeo 164. During the 1990s, all models were related to other Fiat models. Starting from 1 February 2007, Fiat's automotive operations were reorganised. Fiat Auto became Fiat Group Automobiles S.p. A. Fiat S.p. A.'s branch handling mainstream automotive production. The current company, Lancia Automobiles S.p. A. was created from the pre-existing brand, controlled 100% by FGA. In 2011, Lancia moved in a new direction and added new models manufactured by Chrysler and sold under the Lancia badge in many European markets. Conversely, Lancia built models began to be sold in right-hand drive markets under the Chrysler badge. In 2015 Lancia's parent company Fiat Group Automobiles S.p. A. became FCA Italy S.p. A. reflecting the earlier incorporation of Fiat S.p. A. into Fiat Chrysler Automobiles. 1907From 1907 to 1910 Lancia cars didn't bear a true badge, but rather a brass plaque identifying the manufacturer and chassis code.
1911The original Lancia logo was designed by Count Carlo Biscaretti di Ruffia. In 1910 Vincenzo Lancia asked Biscaretti di Ruffia to design a badge for the company. Vincenzo Lancia chose a round one, composed by a blue lance and flag bearing a Lancia script in gold, over a four-spoke steering wheel, with a hand throttle detail on the right spoke; the first car to bear the Lancia logo was the Gamma 20 HP in 1911. 1929In 1929 the logo acquired its final layout: the previous round badge was superimposed on a blue shield in the shape of a Reuleaux triangle. Though first applied on the 1929 Dikappa, this badge was only used consintently starting with the 1936 Aprilia. 1957Beginning with the 1957 Flaminia, Lancia cars switched from the traditional vertical split grille to an horizontal, full-width one. The logo was therefore moved inside the grille opening, changed to a more stylized chromed metal open-work design.
1953 Formula One season
The 1953 Formula One season was the seventh season of the FIA's Formula One racing. It consisted only of a number of non-championship motor races; as in 1952, all races counting towards the World Championship of Drivers, apart from the Indianapolis 500, were held for cars complying with Formula Two regulations rather than with Formula One, with the Indianalpolis 500 held to AAA regulations. The 4th FIA World Championship of Drivers, which commenced on 18 January and ended on 13 September after nine races, was won by Alberto Ascari, driving for a Scuderia Ferrari. Ascari became the first driver to defend his title. In addition to the non-championship Formula One races and the World Championship Formula Two races, numerous other non-championship Formula Two races were held during the year. Ferrari drivers again dominated the championship, taking seven of the eight grands prix, although Juan Manuel Fangio's challenge in his more fragile Maserati took him to second place in the championship and a win at Monza.
Ascari extended his unbeaten run to nine consecutive World Championship grand prix wins before his teammate Mike Hawthorn broke the sequence in becoming the first British winner in the French Grand Prix at Reims after a thrilling battle with Fangio. In 1953, all but one of the races counting towards the World Championship of Drivers were run under Formula 2 regulations, while the remaining one, the Indianapolis 500, was run under AAA Championship Car regulations; the 1953 championship was the first global World Championship of Drivers, with a championship event being staged outside of Europe or the United States for the first time. That race, the 1953 Argentine Grand Prix, was marred by an accident involving the Ferrari of Giuseppe Farina, which crashed into an unprotected crowd, killing nine spectators; the 1953 World Championship of Drivers was contested over a nine race series. The Spanish Grand Prix, scheduled to be staged on 26 October, was cancelled; the Indianapolis 500 counted towards the 1953 AAA Championship.
The following teams and drivers competed in the 1953 FIA World Championship of Drivers. Championship points were awarded to first five finishers in each race on 6, 4, 3, 2 basis. Points for shared drives were divided between the drivers, regardless of the number of laps driven by each. 1 point was awarded for the fastest lap in each race. The point was shared between drivers sharing the fastest lap. Only the best four results from the nine races counted towards a driver's total points in the World Championship. Numbers without parentheses are retained championship points and numbers within parentheses are total points scored. * Italics indicate fastest lap Bold indicates pole position † Position shared between more drivers of the same car ‡ Several cars were shared in this race. See the race page for details; the following Formula One/Formula Two races, which did not count towards the World Championship of Drivers, were held during 1953
Kurtis Kraft was an American designer and builder of race cars. The company built midget cars, sports cars, sprint cars, Bonneville cars, USAC Championship cars, it was founded by Frank Kurtis. Kurtis built some low fiberglass bodied two-seaters sports cars under his own name in Glendale, California between 1949 and 1955. Ford running gear was used. About 36 cars had been made when the licence was sold to Earl "Madman" Muntz who built the Muntz Jet. In 1954 and 1955, road versions of their Indianapolis racers were offered. Kurtis Kraft created over 550 ready-to-run midget cars, 600 kits; the Kurtis Kraft chassis midget car featured a smaller version of the Offenhauser motor. The National Midget Auto Racing Hall of Fame describes the combination as "virtually unbeatable for over twenty years." Kurtis Kraft created 120 Indianapolis 500 cars, including five winners. Kurtis sold the midget car portion of the business to Johnny Pawl in the late 1950s, the quarter midget business to Ralph Potter in 1962.
Frank Kurtis was the first non-driver inducted in the National Midget Auto Racing Hall of Fame. Zeke Justice and Ed Justice of the Justice Brothers both worked at Kurtis-Kraft after World War II. Zeke Justice was the first employee at Kurtis-Kraft; the FIA World Drivers' Championship included the Indianapolis 500 between 1950 and 1960, so many Kurtis Kraft cars are credited with competing in that championship. One Kurtis midget car was entered in the 1959 Formula One United States Grand Prix driven by Rodger Ward, it was not designed for European-style road racing and with an undersized engine it circulated at the back of the field for 20 laps before retiring with clutch problems. From 1950 to 1960, the Indianapolis 500 was part of the FIA World Championship
Pirelli & C. S.p. A. is a multinational company based in Milan, listed on the Milan Stock Exchange since 1922, with a temporary privatization period by the consortium led by the Chinese state-owned enterprise ChemChina. The company is the 5th largest tyre manufacturer behind Bridgestone, Michelin and Goodyear, is focused on the consumer business, it is present in Europe, Latam, Nafta and C. I. S. Operating commercially in over 160 countries, it has 19 manufacturing sites in 13 countries and a network of around 14,600 distributors and retailers. Pirelli has been sponsoring sport competitions since 1907 and is the exclusive tyre supplier for the FIA Formula One World Championship for 2011–2023 and for the FIM World Superbike Championship. Pirelli's headquarters are located in Milan's Bicocca district. Pirelli is now a pure tyre manufacturing company. In the past it has been involved in fashion and operated in renewable energy and sustainable mobility. On October 4, 2017, Pirelli returned to the Milan Stock Exchange after focusing its business on pure consumer products and related services, separating the business of industrial tyre.
Pirelli has published its Pirelli Calendar since 1964, which has featured the contribution of famous photographers over the years like Helmut Newton, Steve McCurry, Peter Lindbergh, Richard Avedon, Bruce Weber, Herb Rits and Annie Leibovitz. Founded in Milan in 1872 by Giovanni Battista Pirelli, the company specialised in rubber and derivative processes and made scuba diving rebreathers. Thereafter, Pirelli's activities were focused on the production of tyres and cables. In 2005, Pirelli sold its cable division to Goldman Sachs, which changed the new group's name to Prysmian. In the 1950s, Alberto Pirelli commissioned the building of a skyscraper, Pirelli Tower, in the same Milanese area that housed the first Pirelli factory during the 19th century. In 1974, Pirelli invented the "wide radial tyre", upon a request from the Lancia rally racing team for a tyre strong enough to withstand the power of the new Lancia Stratos. At that time, racing tyres were either slick tyres made with the cross ply technique, or radial tyres, which were too narrow to withstand the Stratos' power and did not provide enough grip.
Both were unusable for the Lancia Stratos, as the radials were destroyed within 10 km, the slicks too stiff. Lancia asked Pirelli for a solution, in 1975 Pirelli created a wide tyre with a reduced sidewall height like a slick, but with a radial structure. Subsequently, Porsche started using the same tyres with the Porsche 911 Turbo. In 1988, Pirelli acquired the Armstrong Rubber Company, headquartered in New Haven, for $190 million. In 2000, Pirelli sold its terrestrial fibre optic cables business to Cisco and its optical components operations to Corning, for 5 billion euro, it invested - through Olimpia -part of the resulting liquidity to become a majority shareholder in Telecom Italia in 2001, maintaining this position until 2007. In 2002 the company started a range of Pirelli branded clothing and eyewear. In 2005, Pirelli sold its Cables, Energy Systems and Telecommunications assets to Goldman Sachs and the newly formed company was named Prysmian. In the same year, 2005, Pirelli opened its first tyre production plant in China.
This was the beginning of the group's production complex in the country. In 2006, Pirelli chose Slatina for its first tyre production plant in Romania, extending the facility in 2011. In 2010, Pirelli completed its conversion to a pure tyre company by selling Pirelli Broadband Solutions and spinning off the real estate assets of Pirelli Re. Fondazione Pirelli was established in the same year to safeguard and celebrate the company's past and to promote business culture as an integral part of Italy's national cultural assets. In March 2015, it was announced that Pirelli shareholders had accepted a €7.1 billion bid from ChemChina, together with Camfin and LTI, for the company. The transaction was completed and the company was delisted in November 2015. In May 2017, it was announced that Pirelli returns to the world of cycling with a new road cycling tyre range, Pzero Velo. In September 2017, the company announced the will to sell up to 40 percent of its equity capital in an initial public offering as it plans to return to the Milan stock exchange in October.
Pirelli is focused on the consumer business, producing tyres for cars and bicycles. PZero: tyres for ultra-high performance cars. Cinturato: tyres for high end cars. Winter: tyres for low temperatures and snow. Scorpion: tyres for SUV and cross-over Diablo: road and track tyres. Scorpion: road and off-road tyres. PZero Velo: road racing. Cycl-e: urban and electric; the list of Pirelli shareholders as of September 2018: The list of Pirelli Board of Directors: As of March 2016. *The performance takes into account, as well as the deconsolidation of Venezuela, a non-recurring fiscal impact of 107.6 million euro linked to the devaluation of active deferred taxation by the Parent Group as a consequence of Pirelli’s new financial status after its merger with Marco Polo Industrial Holding. The Pirelli Calendar is published annually, features famous actresses and fashion models; the calendar features the work of many of the most respected fashion photographers in the world, including Herb Ritz, Richard Avedon, Mert & Marcus, Peter Lindbergh, Annie Leibovitz, Patrick Demarchelier.
The Pirelli Internetional Award is given annually for the best international multimedia involving the communication of science and technology conducted on the Internet. "Power is nothing wit
Formula One is the highest class of single-seater auto racing sanctioned by the Fédération Internationale de l'Automobile and owned by the Formula One Group. The FIA Formula One World Championship has been one of the premier forms of racing around the world since its inaugural season in 1950; the word "formula" in the name refers to the set of rules to which all participants' cars must conform. A Formula One season consists of a series of races, known as Grands Prix, which take place worldwide on purpose-built circuits and on public roads; the results of each race are evaluated using a points system to determine two annual World Championships: one for drivers, the other for constructors. Drivers must hold valid Super Licences, the highest class of racing licence issued by the FIA; the races must run on tracks graded "1", the highest grade-rating issued by the FIA. Most events occur in rural locations on purpose-built tracks, but several events take place on city streets. Formula One cars are the fastest regulated road-course racing cars in the world, owing to high cornering speeds achieved through the generation of large amounts of aerodynamic downforce.
The cars underwent major changes in 2017, allowing wider front and rear wings, wider tyres, resulting in cornering forces closing in on 6.5g and top speeds of up to 375 km/h. As of 2019 the hybrid engines are limited in performance to a maximum of 15,000 rpm and the cars are dependent on electronics—although traction control and other driving aids have been banned since 2008—and on aerodynamics and tyres. While Europe is the sport's traditional base, the championship operates globally, with 11 of the 21 races in the 2018 season taking place outside Europe. With the annual cost of running a mid-tier team—designing and maintaining cars, transport—being US$120 million, Formula One has a significant economic and job-creation effect, its financial and political battles are reported, its high profile and popularity have created a major merchandising environment, which has resulted in large investments from sponsors and budgets. On 8 September 2016 Bloomberg reported that Liberty Media had agreed to buy Delta Topco, the company that controls Formula One, from private-equity firm CVC Capital Partners for $4.4 billion in cash and convertible debt.
On 23 January 2017 Liberty Media confirmed the completion of the acquisition for $8 billion. The Formula One series originated with the European Grand Prix Motor Racing of the 1930s; the formula is a set of rules. Formula One was a new formula agreed upon after World War II during 1946, with the first non-championship races being held that year. A number of Grand Prix racing organisations had laid out rules for a world championship before the war, but due to the suspension of racing during the conflict, the World Drivers' Championship was not formalised until 1947; the first world championship race was held at Silverstone, United Kingdom in 1950. A championship for constructors followed in 1958. National championships existed in the UK in the 1960s and 1970s. Non-championship Formula One events were held for many years, but due to the increasing cost of competition, the last of these occurred in 1983. On 26 November 2017, Formula One unveiled its new logo, following the 2017 season finale in Abu Dhabi during the Abu Dhabi Grand Prix at Yas Marina Circuit.
The new logo replaced F1's iconic'flying one', the sport's trademark since 1993. After a hiatus in European motor racing brought about by the outbreak of World War II in 1939, the first World Championship for Drivers was won by Italian Giuseppe Farina in his Alfa Romeo in 1950, narrowly defeating his Argentine teammate Juan Manuel Fangio. However, Fangio won the title in 1951, 1954, 1955, 1956, 1957, his streak interrupted by two-time champion Alberto Ascari of Ferrari. Although the UK's Stirling Moss was able to compete he was never able to win the world championship, is now considered to be the greatest driver never to have won the title. Fangio, however, is remembered for dominating Formula One's first decade and has long been considered the "Grand Master" of Formula One; this period featured teams managed by road car manufacturers Alfa Romeo, Mercedes-Benz, Maserati. The first seasons were run using pre-war cars like Alfa's 158, they were front-engined, with narrow tyres and 1.5-litre supercharged or 4.5-litre aspirated engines.
The 1952 and 1953 World Championships were run to Formula Two regulations, for smaller, less powerful cars, due to concerns over the paucity of Formula One cars available. When a new Formula One, for engines limited to 2.5 litres, was reinstated to the world championship for 1954, Mercedes-Benz introduced the advanced W196, which featured innovations such as desmodromic valves and fuel injection as well as enclosed streamlined bodywork. Mercedes drivers won the championship for two years, before the team withdrew from all motorsport in the wake of the 1955 Le Mans disaster. An era of British dominance was ushered in by Mike Hawthorn and Vanwall's championship wins in 1958, although Stirling Moss had been at the forefront of the sport without securing the world title. Between Hawthorn, Jim Clark, Jackie Stewart, John Surtees and Graham Hill, British drivers won nine Drivers' Championships and British teams won fourteen Constructors' Championsh
The United States of America known as the United States or America, is a country composed of 50 states, a federal district, five major self-governing territories, various possessions. At 3.8 million square miles, the United States is the world's third or fourth largest country by total area and is smaller than the entire continent of Europe's 3.9 million square miles. With a population of over 327 million people, the U. S. is the third most populous country. The capital is Washington, D. C. and the largest city by population is New York City. Forty-eight states and the capital's federal district are contiguous in North America between Canada and Mexico; the State of Alaska is in the northwest corner of North America, bordered by Canada to the east and across the Bering Strait from Russia to the west. The State of Hawaii is an archipelago in the mid-Pacific Ocean; the U. S. territories are scattered about the Pacific Ocean and the Caribbean Sea, stretching across nine official time zones. The diverse geography and wildlife of the United States make it one of the world's 17 megadiverse countries.
Paleo-Indians migrated from Siberia to the North American mainland at least 12,000 years ago. European colonization began in the 16th century; the United States emerged from the thirteen British colonies established along the East Coast. Numerous disputes between Great Britain and the colonies following the French and Indian War led to the American Revolution, which began in 1775, the subsequent Declaration of Independence in 1776; the war ended in 1783 with the United States becoming the first country to gain independence from a European power. The current constitution was adopted in 1788, with the first ten amendments, collectively named the Bill of Rights, being ratified in 1791 to guarantee many fundamental civil liberties; the United States embarked on a vigorous expansion across North America throughout the 19th century, acquiring new territories, displacing Native American tribes, admitting new states until it spanned the continent by 1848. During the second half of the 19th century, the Civil War led to the abolition of slavery.
By the end of the century, the United States had extended into the Pacific Ocean, its economy, driven in large part by the Industrial Revolution, began to soar. The Spanish–American War and World War I confirmed the country's status as a global military power; the United States emerged from World War II as a global superpower, the first country to develop nuclear weapons, the only country to use them in warfare, a permanent member of the United Nations Security Council. Sweeping civil rights legislation, notably the Civil Rights Act of 1964, the Voting Rights Act of 1965 and the Fair Housing Act of 1968, outlawed discrimination based on race or color. During the Cold War, the United States and the Soviet Union competed in the Space Race, culminating with the 1969 U. S. Moon landing; the end of the Cold War and the collapse of the Soviet Union in 1991 left the United States as the world's sole superpower. The United States is the world's oldest surviving federation, it is a representative democracy.
The United States is a founding member of the United Nations, World Bank, International Monetary Fund, Organization of American States, other international organizations. The United States is a developed country, with the world's largest economy by nominal GDP and second-largest economy by PPP, accounting for a quarter of global GDP; the U. S. economy is post-industrial, characterized by the dominance of services and knowledge-based activities, although the manufacturing sector remains the second-largest in the world. The United States is the world's largest importer and the second largest exporter of goods, by value. Although its population is only 4.3% of the world total, the U. S. holds 31% of the total wealth in the world, the largest share of global wealth concentrated in a single country. Despite wide income and wealth disparities, the United States continues to rank high in measures of socioeconomic performance, including average wage, human development, per capita GDP, worker productivity.
The United States is the foremost military power in the world, making up a third of global military spending, is a leading political and scientific force internationally. In 1507, the German cartographer Martin Waldseemüller produced a world map on which he named the lands of the Western Hemisphere America in honor of the Italian explorer and cartographer Amerigo Vespucci; the first documentary evidence of the phrase "United States of America" is from a letter dated January 2, 1776, written by Stephen Moylan, Esq. to George Washington's aide-de-camp and Muster-Master General of the Continental Army, Lt. Col. Joseph Reed. Moylan expressed his wish to go "with full and ample powers from the United States of America to Spain" to seek assistance in the revolutionary war effort; the first known publication of the phrase "United States of America" was in an anonymous essay in The Virginia Gazette newspaper in Williamsburg, Virginia, on April 6, 1776. The second draft of the Articles of Confederation, prepared by John Dickinson and completed by June 17, 1776, at the latest, declared "The name of this Confederation shall be the'United States of America'".
The final version of the Articles sent to the states for ratification in late 1777 contains the sentence "The Stile of this Confederacy shall be'The United States of America'". In June 1776, Thomas Jefferson wrote the phrase "UNITED STATES OF AMERICA" in all capitalized letters in the headline of his "original Rough draught" of the Declaration of Independence; this draft of the document did not surface unti