6.2 - Economy and Culture of The United States

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6.2 - Economy and Culture of The United States

  1. 1. Economy and Culture of the United States
  2. 2. <ul><li>The U.S. economy is slammin’, man. </li></ul><ul><li>Though we have only 1/20 of the world’s population and occupy only 7% of the land, we have the world’s most powerful and wealthiest economy. </li></ul><ul><ul><li>California alone, if it were a separate country, would have the world’s 5 th largest economy. </li></ul></ul><ul><ul><li>Texas would have the 8 th largest. </li></ul></ul><ul><li>We also make more than 10% of the world’s exports. </li></ul><ul><li>We have a free enterprise system. </li></ul><ul><ul><li>Private individuals own businesses, industry, etc. and can generate profits with little government interference. </li></ul></ul>
  3. 3. <ul><li>We also have a kickin’ agriculture. Yo. </li></ul><ul><li>As the book says, we produce 40% of the corn, 20% of the cotton, and 10% of its wheat, cattle, and hogs. </li></ul><ul><ul><li>Why so much corn? </li></ul></ul>
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  5. 7. <ul><li>At time progressed, the U.S. became more industrialized and moved away from its agricultural base. </li></ul><ul><li>We started heavily manufacturing products in factories. Still do. </li></ul><ul><li>Nowadays, though, we’ve become more of a service based economy, though. </li></ul><ul><li>Produces services, things done for people, as opposed to making physical products. </li></ul><ul><li>We’re calling this the postindustrial economy. </li></ul>

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