U.s. resources and economy


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U.s. resources and economy

  1. 1. United StatesGovernment, Resources and Economy
  2. 2. Government
  3. 3. A Representative Democracy• The United States has established a representative democracy—people rule through elected representatives. – Government is based off democratic styles of Ancient Greece and Rome.• Power is divided among the national(federal) and state governments.
  4. 4. The Branches of Government• The U.S. Constitution established a government that is broken down into three separate branches: – executive branch headed by president, carries out laws – legislative branch makes laws – judicial branch interprets laws, reviews lower court decisions
  5. 5. How does this system help our government maintain balance?
  6. 6. Resources
  7. 7. • U.S. is rich in natural resources • fertile soils • water supply • vast forests • large deposits of many minerals
  8. 8. Waterways• Because U.S. is bound by water, they have important shipping and fishing industries• Atlantic, Pacific and Gulf of Mexico
  9. 9. Waterways• Many large lakes and rivers in the United States make shipping and trade much easier.
  10. 10. Farming and Agriculture• The United States is the world’s leading producer of food as well as the largest food exporter – very fertile soil, in plains region and river valleys• This fertile region is known as “America’s Breadbasket”
  11. 11. • Due to fertile soil, early farm mechanization, U.S. accounts for: – 40% of world’s corn; 20% of cotton; 10% of wheat, cattle, hogs• Crop farming in Midwest, South; livestock ranching in West
  12. 12. Woodlands• 1/3 of U.S. covered by woodlands• U.S. and Canada major producers of lumber
  13. 13. Natural Resources• U.S. is rich in natural minerals and fossil fuels • gold • silver • copper • coal • oil • etc.
  14. 14. Economy
  15. 15. Economy• The United States has the world’s largest and most diversified economy.• American products and popular culture are recognized around the world.
  16. 16. Success• World’s largest economy: agricultural, manufacturing, trade leader• U.S. accounts for more than 10% of world’s exports• exports—goods sold to another country• Success is due to resources, skilled labor, stable political system
  17. 17. Capitalism• Much of the success is due to the economic system.• The United States economy is based on the capitalist free market system.• In this system, most businesses are privately owned and operated with limited government control. – In most cases, there is no limit to success or profits.
  18. 18. What are some possibleproblems with the Free Market system?
  19. 19. Problems with Free Market• Monopolies? Unfair for competition? – Wal Mart, Microsoft, Apple• Price Gouging? – Gas, Technology
  20. 20. U.S. Exports
  21. 21. U.S. Exports
  22. 22. Technology Exports• U.S. advances in electronics, computers revolutionize industry
  23. 23. U.S. Technology Exports
  24. 24. Industrial Centers• Largest industrial output in world includes: • petroleum • steel • chemicals • electronics • consumer goods • mining
  25. 25. Industrial Centers• Many industrial centers are located near bodies of water – WHY??????
  26. 26. Industrial Centers• bodies of water can be used for transporting goods• may also serve as a source of power
  27. 27. • US is largest consumer of energy. Need for these fuels is very great.
  28. 28. Free Enterprise• Free enterprise (free market) economy: – privately owned resources, technology, businesses – businesses operate for profit with little governmental control
  29. 29. Service Industries• almost 75% of Americans today work in the service industry • service industry – any kind of economic activity that produces a service rather than a product
  30. 30. Can you think of any jobs in the service industry?
  31. 31. • service-related jobs include: • medicine • transportation • education • finance • many more!