Ch. 4- Section 2- Economy

Economic Leader- skilled workers, rich in natural resources

Free enterprise system- people run businesses to make a profit with little

government intervention

Economy continued

• Strong in technology, science, medicine, and education

• Northeast- mfg area- “Industrial Revolution”- inventions

• Coal mining- PA and West Virginia• Trade- large cities and waterways• Service industries- businesses that

provide services to people• Fishing and farming

Economy continued

• South- industry- main source of income- factories and refineries

• Tourism- Sea World, Walt Disney World- Orlando, Florida

• Agriculture- Texas- more farms than any other state- “Longhorns”, “Aggies”

• Rice and sugarcane- Louisiana and Arkansas

• Citrus fruits, pecans, and peanuts

Economy continued

• The Midwest• Farm belt, breadbasket• River systems- Ohio, Mississippi, St. Lawrence Seaway• The Interior West• Dry climate- ranching popular, tourism- Grand Canyon• The Pacific• Fishing, coffee, sugarcane, rice- Hawaii• Alaska- oil• Los Angeles- “capital of the movie industry”• San Diego- US Navy’s Pacific fleet

Economy continued

• Today’s challenges

• Pollution and acid rain

• World trade- interdependent- rely on one another

• NAFTA- North American Free Trade Agreement- 1993

• Trade between US, Canada, and Mexico- increased