u.s. resources and economy
TRANSCRIPT
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United StatesGovernment, Resources and Economy
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Government
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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.
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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
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How does this system help our government maintain balance?
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Resources
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• U.S. is rich in natural resources
• fertile soils• water supply• vast forests• large deposits of many minerals
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Waterways
• Because U.S. is bound by water, they have important shipping and fishing industries
• Atlantic, Pacific and Gulf of Mexico
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Waterways
• Many large lakes and rivers in the United States make shipping and trade much easier.
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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”
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• 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
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Woodlands
• 1/3 of U.S. covered by woodlands
• U.S. and Canada major producers of lumber
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Natural Resources
• U.S. is rich in natural minerals and fossil fuels
• gold• silver• copper• coal• oil• etc.
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Economy
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Economy• The United States has the
world’s largest and most diversified economy.
• American products and popular culture are recognized around the world.
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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
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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.
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What are some possible problems with the Free Market
system?
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Problems with Free Market
• Monopolies? Unfair for competition? – Wal Mart, Microsoft,
Apple
• Price Gouging?– Gas, Technology
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U.S. Exports
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Technology Exports
• U.S. advances in electronics, computers revolutionize industry
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U.S. Technology Exports
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Industrial Centers• Largest industrial output in world includes:
• petroleum• steel• chemicals• electronics• consumer goods• mining
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Industrial Centers
• Many industrial centers are located near bodies of water
– WHY??????
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Industrial Centers
• bodies of water can be used for transporting goods
• may also serve as a source of power
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• US is largest consumer of energy. Need for these fuels is very great.
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Free Enterprise
• Free enterprise (free market) economy:– privately owned resources, technology,
businesses– businesses operate for profit with little
governmental control
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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
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Can you think of any jobs in the service industry?
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• service-related jobs include:
• medicine• transportation• education• finance• many more!
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