California Has Larger Economy Now Than The United Kingdom (Great Britain), Fifth Largest In World | The Progressive Professor
As of last month, the state of California officially is the world's fifth largest economy. The Golden State just passed the United Kingdom (Great Britain), and is now only surpassed by four nations: The United States, China, Japan, and Germany. Who would ever have thought when the US fought Mexico in the late 1840s, gained control of California in the Treaty of Guadalupe Hidalgo in 1848, and saw the Gold Rush begin, starting the development of California population so rapidly, that California became a state by 1850, that this mega state would develop an economy larger than all but four nations? California today has 40 million people, one out of every eight Americans, and has a technology sector in Silicon Valley, and is the world's entertainment capital in Hollywood. California is also the nation's major agricultural sector in the Central Valley agricultural heartland. It also has become a major positive in the economy after the collapse during the Great Recession.