How does U.S. contemporary adherence to the liberal model of political economy differ from its practice in the formative years of the United States? How did international developments influence the U.S. shift toward the liberal model?

What will be an ideal response?

Answers should identify how the United States first embraced the mercantilist model of political economy in its early years. It created a strong manufacturing base that restricted imports and produced the necessary revenue for economic security. Answers should also identify how the two world wars cemented the U.S. place as an economic powerhouse, allowing it to transition to a more liberal model of political economy.