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the usa : a market…

…emphasis on private ownership … most decisions made by private individuals and business firms …limited government ’s authority over individuals , inc. economy … BUT Federal Gov . Regulates private enterprise ( eg prices , health , pollution , etc ). the usa : a market….

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the usa : a market…

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  1. …emphasis on private ownership … mostdecisionsmadeby private individuals and business firms …limitedgovernment’s authority overindividuals, inc. economy … BUT FederalGov. Regulates private enterprise (egprices, health, pollution, etc) the usa : a market…

  2. Improved standard of living 10% of the adultpopulationpossessed 69.8% ofhouseholdwealth 12.5% ofAmericansbelow the povertyline Beliefthat the market can do no wrong and the government no right Us economy BY 2007

  3. WALL STREET=ny Stock exchange

  4. WALL STREET=ny Stock exchange • THE BULL = stock market prosperity • = manyinvestorsbuystocks • 1980s and 90s • Dominantfinancialservicessector • THE BEAR = stock market decline • = drop in stock pricesmakesinvestors sell • 2007-8 • Financial crisis

  5. High unemployment rate • Steady decline in the valueof market • BurstingofDot-combubble (2002) • Burstingofhousingbubble (2005-6) • Subprimemortgagecrisis (2007-7) • Fallofbanks and investmenthouses => needfortighterregulations • Sharp slowing down of consumer spending Financial crisis =>fallof the ideologyofunregulatedcapitalism

  6. Fruit Forests fishing Usagriculture

  7. Fossilfuels OIL +GAS = Alaska, California, Gulfof Mexico COAL = Appalachians Minerals Copper, uranium, gold, silver = Rocky mountains Iron = Minnesota, Michigan Mining and energy

  8. Mining and energy • Coal used to produce 49% of US electricity

  9. manufacturing • North East + Mid-west Great lakesregion=> The Rustbelt in 1970s becauseofdecline in industrial heartland • 1980s-90s: recovery Detroit = Motown > “the Big three” : Ford, GeneralMotors, Chrysler New York: book publishingindustry Ohio=rubber (tyre) and plastics • The West Coast Seattle: aircrafts (Boeing) California, Siliconvalley (n. San francisco) => computer industry Texas + Louisiana: petro-chemicals, pharmaceuticals Food processing: • Illinois (Chicago) = meat • Winsconsin = dairy processing • Centralvalley, California = fruit and veg.

  10. Usservicestransporttrade¾ ofemployees Transport: • Road => highways;greyhound buses • Air => Boeing • Waterways • Finance => Wallstreet NYSE + Chicago • Tourism => California, Hawaii, Florida, + nationalparks + cities • Entertainment industry • Design of software • Health care

  11. Usa trade (imbalance) Imports (exceedexportsbyabout 70%) • Petroleum • Cars • Consumer goods • Rawmaterials • Food Exports (12%) • Machinery • Arircrafts • Computers • High-tech • Chemicals • Crops (corn+soybeans)

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