Why did the economies of European countries and the US economy develop at different rates?

Why did the economies of European countries and the US economy develop at different rates? How did the balance of power among the leading capitalist countries change in the 1920s?

The capitalist powers saw growth in the early 20th century. But the countries of the new world began to significantly catch up with the countries of the old world. In the 1920s, the industrial advantage was on the side of the United States. This happened because of the First World War. Many countries have weakened during this war. Some of them even went bankrupt or completely disintegrated, such as the Russian Empire or Austria-Hungary. The United States did not incur significant losses, since there was no military action on American territory. This mitigated the effects of the crisis.