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Ch. 6-2 Economy and Culture of the United States

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Ch. 5-2 Economy and
Culture of the United States
Objective: Identify key components of the economy and
culture of the United States and predict future needs
World’s Greatest Economic Power
• Largest economy in the
world
– World leader in
agricultural products,
manufactured goods,
and global trade
• 10% of world’s exports
– Exports-goods sold to
another country
Country name
United States
2011
2012
2013
2014
15,517,926,000,000 16,163,158,000,000 16,768,053,000,000 17,419,000,000,000
China
7,492,432,097,810 8,461,623,162,714 9,490,602,600,148 10,360,105,247,908
Japan
5,905,632,338,015 5,954,476,603,962 4,919,563,108,373 4,601,461,206,885
Germany
3,751,876,563,803 3,533,242,461,467 3,730,260,571,357 3,852,556,169,656
France
2,862,502,085,071 2,681,416,108,537 2,810,249,215,589 2,829,192,039,172
United Kingdom
2,592,015,702,612 2,614,946,487,603 2,678,173,487,557 2,941,885,537,461
Brazil
2,615,189,973,181 2,413,174,312,397 2,392,094,501,287 2,346,118,175,194
Italy
2,278,089,102,029 2,075,220,966,828 2,136,948,255,816 2,144,338,185,065
Russian
Federation
1,904,793,932,483 2,016,112,133,645 2,079,024,782,973 1,860,597,922,763
Canada
1,788,796,361,799 1,832,715,597,432 1,838,964,175,409 1,786,655,064,510
India
1,835,814,449,585 1,831,781,515,472 1,861,801,615,478 2,066,902,397,333
Australia
1,388,066,356,092 1,534,425,905,763 1,560,372,473,125 1,453,770,210,672
Spain
1,494,505,143,175 1,355,732,589,969 1,393,040,177,014 1,404,306,536,058
Korea, Rep.
1,202,463,655,510 1,222,807,167,402 1,305,604,961,393 1,410,382,943,973
Mexico
1,171,187,518,614 1,186,659,478,340 1,262,248,825,556 1,282,719,954,862
Why?
1. Natural resources
2. Skilled labor force
3. Stable political system
Free Enterprise
• Capitalism-private individuals own most of
the resources, technology, and businesses
– Can operate them for profit with little control
from the government
Agriculture
• America supplies:
– 40% of world’s production of corn
– 20% of its cotton
– 10% of its wheat, cattle, hogs
Service Industry
• Any kind of economic activity that
produces a service rather than a product
– Ex: teacher, salesman, doctor, landscaper,
consulting, barber, counseling
Diverse Society
• Nation of immigrants
• Heritage:
– Europe-70%
– Hispanic Americans-13%
– African Americans-12%
– Asian Americans-4%
– Native Americans-1%
Language and Religion
• English-not official but most used
– Spanish-2nd most used
• Christianity-85%
– Protestants-56%
– Catholics-28%
• Religious freedom is key
American Life Today
• 80% of Americans live in cities
• High standard of living
• Low percentage of
poverty and
unemployment
Discussion Questions
• What economic needs may arise in the
future in the US?
• What cultural needs may arise in the
future in the US?
Auteur
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