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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. Strong in technology, science, medicine, and education

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Ch. 4- Section 2- Economy

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  1. 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

  2. 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

  3. 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

  4. 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

  5. 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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