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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

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ch 4 section 2 economy

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
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 continued1
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 continued2
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 continued3
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
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