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Political and Economic Elements of Geography

Political and Economic Elements of Geography. Politics. Politics can be defined as : The science and art of Political government Factional scheming for power or status within a group. Government. Government can be defined as

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Political and Economic Elements of Geography

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  1. Political and Economic Elements of Geography

  2. Politics • Politics can be defined as : • The science and art of Political government • Factional scheming for power or status within a group

  3. Government • Government can be defined as • The exercise of authority over a state, district, organization, institution, etc.; direction, control, rule • An established system of political administration by which a nation, state, or district is governed

  4. Jefferson Memorial

  5. Lincoln Memorial

  6. Politics and Government • For our Geographic exploration of politics and Government we need to strive to understand these basic ideas: • The various types of systems most commonly used today • The practical definition of these systems • Some history of these systems • Why a given system is used in a given place • The introductory information will be dealt within section 2 of chapter 3, we will do more detailed stuff when we begin our regional studies

  7. Department of Agriculture Supreme Court

  8. Washington Monument Federal Reserve

  9. Economics • Economics can be defined as: • Of or having to do with the production, distribution and consumption of wealth • Having to do with the satisfaction of the material needs of people

  10. Economic and Geography Vocab and Notes • GNP - - adjusted to include the values of goods and services from other countries used in producing goods and services. (Citizen of country “A” anywhere) • GDP - the total monetary value of goods and services produced in a country during one year (in country “A” only) • GNP • Per capita income • Per capita GDP

  11. Vocab cont. • Exports - resources (i.e. information, technology, etc.) and finished products sold outside of the home country • Imports - resources and goods unavailable or scarce in the home country yet necessary for production or consumption (food stuff) • Trade balance -Historically a “favorable” balance would include more income from a higher amount of exports than imports…Is this still true in a modern Info/Tech-service based economy???

  12. Vocab cont. • Trade Deficit? • Economic Growth - $ received from exports increases production of goods and services • Employment rates • Wages/Spending • Interest Rate ( on Loans) set by the Fed. Res. • Housing “Starts”

  13. Waves and Worlds • 3 Waves of Economic development • 1,2,3 World - Can’t work anymore • As out of date as poke-a-dots • Why? • Developed, Developing, Under Developed • Oops! - New P.C.= Advantaged, Disadvantaged

  14. Waves of Economic Development • History tells us these “Waves” have occur in sequence (Ex. USA) Agricultural Age----Industrial Age----Information Tech Age 1800 1860’s 1900 1970’s 2000 4 mill 6th 76 mill. 245 mill 281 mill 95% 60% 2% 3,800,000 40% 4,900,000 5% 98%

  15. What aspects of culture and society will most likely have to change as a society moves from one wave to the next???

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