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BRITISH AND AMERICAN ECONOMY

BRITISH AND AMERICAN ECONOMY. BRITISH ECONOMY. British is the 2° largest economy in Europe It is a member of the G8 Uk was industrialized in the 18th and 19th century After the 2° industrial revolution, Britain was the leader of the global economy

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BRITISH AND AMERICAN ECONOMY

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  1. BRITISH AND AMERICAN ECONOMY

  2. BRITISH ECONOMY • British is the 2° largest economy in Europe • It is a member of the G8 • Uk was industrialized in the 18th and 19th century • After the 2° industrial revolution, Britain was the leader of the global economy • Its capital, London, possesses financial importance in the world • In 1980s, in Britain took place an economic boom • In 2008 started a global financial crisis • In 2007 The United Kingdomhad the ninth highest level of GDP1 per capita 1- GDP: Gross domestic product

  3. AGRICOLTURE, HUNTING, FORESTRY AND FISHING • Agriculture is intensive, highly mechanised, producing about 60% of food needs • The crops1 are wheat2, barley3, oats4, oilseed rape5, maize6 for animal feeds, potatoes and sugar beet7 • The livestock are cattle8, chickens and sheep • The UK retains a significant, although vastly reduced, fishing industry 1- crops: raccolto 5- oilseed rape: colza 2- wheat: grano 6- maize: granoturco 3- barley: orzo 7- sugar beet: barbabietola da zucchero 4- oats: avena 8- cattle: bestiame

  4. MANUFACTURING • In 2003, manufacturing industry accounted for 16% of national output1 in the UK and for 13% of employment • The regions with the highest proportion of employees in manufacturing were the East Midlands and West Midlands • Car industries are very important like BMW (Mini, Rolls-Royce) and Tata (Jaguar, Land Rover) • Pharmaceutical industry is particularly successful • Other important sectors of the manufacturing industry include food, drink, tobacco, paper, printing, publishing and textiles 1- output: produzione

  5. Electrical machinery and office machinery Scientific and optical instruments TV ELECTRONIC INDUSTRIES Computers Radio and communications products

  6. SERVICE INDUSTRIES • Great Britain is expected to launch1 the building of new nuclear reactors to replace existing generators • The service sector is the dominant sector of the UK economy • Wholesale and retail trade includes the motor trade, auto repairs, personal and household goods industries • London is the world's largest financial centre, with financial services based around two districts: 'The City' (the City of London) and the Docklands 1- launch: lanciare

  7. CURRENCY The British Prime Minister, Gordon Brown made a referendum to know if people wanted euro or sterlin The United Kingdom should not yet join the Euro

  8. AMERICAN ECONOMY • The economy of the United States is the largest national economy in the world • American economy rises in the 16th, 17th, and 18th centuries • In 1776 the american colonies became the United States of America

  9. AFTER THE GREAT DEPRESSION • 1930s  Great Depression • Government tried to strengthen1 the economy but in 1970s it went down • This is a period of high inflation, high unemployment, and huge deficits • In 1981-82 there was the worst recession about oil shocks • United States entered a recession in December 2007 • The United States entered 2008 during a housing market2 correction, a subprime mortgage3 crisis and a declining dollar value 1- strengthen: rinforzare 2- housing market: mercato edilizio 3- mortgage: mutuo

  10. OVERVIEW • United States  mineral resources, moderate climate, fertil farm soil1 • Extensive coastlines  Atlantic and Pacific Oceans and Gulf of Mexico • American banks and investors have grown their economy by investing and withdrawing2 capital from profitable corporations • Governement  protects tariffs, subsidizes3 industry, builds infrastructures and invests in productive enterprises 1- soil: terreno 2- withdrawing: prelevando 3- subsidize: sovvenzionare

  11. GOVERNMENT INTERVENTION The federal government uses: • Monetary policy control of the money supply1 through mechanisms such as changes in interest rates • Fiscal policy taxes and spending • 1970s: Government exercised control to private companies to improve the public's health 1- supply: offerta

  12. DIRECT SERVICES AND ASSISTANCE • The federal Government is responsible for national defense, develops new products, runs1 numerous programs • Government offers low-interest loans2 and technical assistance to small businesses, helps students attend college 1- runs: gestisce 2- loans: prestiti

  13. Fish Forestproducts Poultry1 Fruits Beef2 Pork Pork Cotton AGRICOLTURE AGRICOLTURE Wheat4 Vegetables Corn Dairyproducts3 1- poultry: pollame 3- dairy products: latticini 2- beef: manzo 4- wheat: grano

  14. Consumer goods Agricultural products EXPORTS- COMMODITIES Capital goods Industrial supplies and raw materials Automobiles

  15. Consumer goods Food and beverages Industrialrawmaterials IMPORTER-COMMODITIES Automobiles Crude oil and refined petroleum products Machinery

  16. Electronics Foodprocessing Steel1 Mining2 Motorvehicles Chemicals Consumergoods Aerospace3 Petroleum MANUFACTURING Lumber4 Telecommunications 1- steel: acciaio 4- lumber: legname 2- mining: industria mineraria 3- aerospace: industria aerospaziale

  17. BIBLIOGRAPHY Margherita Cumino, Philippa Bowen Active Business, Student’s book, Petrini WEB SITES http://en.wikipedia.org/wiki/Economy_of_the_United_States http://en.wikipedia.org/wiki/Economy_of_the_United_Kingdom http://www.economist.com

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