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Will China Overtake The Usa?

Can China Overtake the United States of America?
Abstract

The history of China's relations with the world is of a closed door type policy. In the past 20 years however, China has begun to open their doors. This has led to a booming Chinese economy. The following paper deals with reasons for China's recent surge, differences between China and the United States, and if China can overtake the United States as the world's top economy. It is a valid point to say that China could overtake America in the next 20 years. The United States needs to rethink their education system, whether too much outsourcing is good for America, and how to expand their market in China without losing jobs at home.
Introduction
The history of relations and of each country's past is rich and diverse. Relations between the two began in the 1700's when traders traveled to each other's land seeking to trade for each one's goods. In other words, this was the beginning of China and the United States exporting and importing goods to one another.
When the gold rush hit the United States, thousands of Chinese came to America in search of gold. When many of them failed in their quest to strike it rich with gold, they got work building the railroads that would link the east to the west. They were hard workers who worked for low wages, something the railroad companies didn't mind. In the early 1880's however, hard times hit America. When Americans were competing now with the Chinese and other immigrants for jobs, hostility between the two began to grow. In 1882, the United States Congress passed the Chinese Exclusion Act, which banned Chinese immigrations. This ban was not lifted until 1965.
A civil war in China that ended in 1949 led to the Communist Party overtaking the mainland China and they set up the People's Republic of China. The communist party believed in not individual rights but what was best for the country. Hence the government controlled and owned most of the...