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Louisiana’s Economy Section 3

Louisiana’s Economy Section 3. Resources and Rewards. RESOURCE is a source of supply or support. There are 5 types of RESOURCES: Natural Capital Human Renewable Non Renewable. What are three types of resources found in the photograph below?. NATURAL RESOURCES.

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Louisiana’s Economy Section 3

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  1. Louisiana’s EconomySection 3 Resources and Rewards

  2. RESOURCE is a source of supply or support • There are 5 types of RESOURCES: • Natural • Capital • Human • Renewable • Non Renewable

  3. What are three types of resources found in the photograph below?

  4. NATURAL RESOURCES • Is a gift of nature, or part of the natural environment • Examples include: air, water, soil • Can be MINERAL or BIOLOGICAL

  5. Non Renewable Resources • Mineral Resources that are not replaced by nature once they are extracted from the environment. • Inorganic substances that were formed by the Earth’s geologic processes. • Examples include: oil, natural gas, & salt.

  6. MINERAL RESOURCES • OIL • Made from plant decay 10 million years ago. • Louisiana has 10% of the world’s known oil reserves in the U.S. • Louisiana is the 3rd largest oil producer in the U.S. • Chemicals refined from oil create an almost unlimited list of other products.

  7. MINERAL RESOURCES • Natural Gas • Louisiana has more natural gas than oil deposits. • Louisiana produces 25% of U.S. supply. • Is converted to carbon black, which is used in making tires, carbon paper, & ink, etc… • Burns clean & is very efficient. • Fuel for homes & industries.

  8. MINERALS RESOURCES • Salt • Essential to the diet of both humans & animals. • Used as a form of money. • Not just used for preserving food. • Makes a chemical that is used to make PVC pipes, plumbing & outdoor furniture. • During the Civil War an underground salt deposit was discovered on Avery Island.

  9. MINERAL RESOURCES • Sulphur • A mineral used today to make matches, gunpowder, medicine, & plastic. • The town of Sulphur developed the industry. • Production peaked in 1904, but was played out by 1924. • Port Sulphur, in Plaquemines Parish was also named because of the its Sulphur industry.

  10. MINERAL RESOURCES • Lignite • Brownish-black coal – found in DeSoto Parish. • Lowest quality of coal because of high water content. • Gained importance in the 1970’s. • U.S. government encouraged the use of other sources of energy after a shortage of imported oil occurred.

  11. RENEWABLE RESOURCES • Biological resources that replenish themselves over time • Examples include: plants & animals

  12. BIOLOGICAL RESOURCES • Are plants & animals, & replenish themselves in time. • Biological Resources are Renewable Resources. • Example: • Spanish Moss was sold as stuffing for mattresses & furniture but now is used for bedding in minnow farms

  13. BIOLOGICAL RESOURCES • Forests • Trees are LA’s 2nd largest income producer • Louisiana has more than 13.9 million acres of forests. • 90% of trees cut down are pine, 75% is used to make pulpwood for making paper • A new forestry industry is a Christmas Tree Farm, more than 150 in Louisiana supply this seasonal specialty.

  14. BIOLOGICAL RESOURCES • Wildlife • Why are we known as the Sportsman’s Paradise? • The demand for fur is down so trapping has decreased • The alligator is important to the ecosystem as well as the economy, because it is endangered we now have alligator farms

  15. BIOLOGICAL RESOURCES • Fish and Seafood • Fishing is an industry, mostly done for recreation due to the abundance of rivers, lakes, & bayous. • The Gulf of Mexico supplies us with generous harvests of seafood. • The Louisiana commercial fishing industry catches about 25% of the U.S. seafood. • Catfish & crawfish are now are farmed. • Atchafalayla Basin produces millions of pounds of crawfish annually.

  16. BIOLOGICAL RESOURCES • Fish and Seafood • What are some other seafood products important to Louisiana? • How do you think the oil spill affected the fishing and seafood industry?

  17. CAPITAL RESOURCES • Include buildings & equipment used to produce goods & services • Examples include: schools, hospitals, or the refineries

  18. HUMAN RESOURCES • People who supply the labor to produce goods & services • Examples include: you & me

  19. LABOR UNIONS • Groups of workers organized to demand fair pay and safe workings conditions.

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