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To Next Slide Unit 4 Chapter 8 Lesson 3 Farms, Ranches, and Cities 20 Questions!
To Next Slide How did trains link farms and cities? They carried farm products to cities and manufactured goods to farms.
To Next Slide How did railroads help the cattle industry? Railroads gave ranchers a good way to get their cattle to market.
To Next Slide Entrepreneur A person who sets up a new business.
To Next Slide A kind of economy in which people own and run their own businesses with only limited control by the government. Free enterprise
To Next Slide A need or desire for a good or service by people who are willing to pay for it. Demand
To Next Slide A good or service that a business offers for sale. Supply
To Next Slide In a free enterprise economy, who makes most of the decisions about a business? The owner
To Next Slide The preparing of meat for market. Meat packing
To Next Slide Why are certain businesses likely to be in Middle West cities? They use products that farmers and ranchers supply, or they supply products that they use.
To Next Slide A path from one place to another. Route
To Next Slide A highway that goes through more than one state. Interstate highway
To Next Slide A road that drivers must pay to use. Toll road
To Next Slide Thats All! Keep Sharp Minds!
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Economic Systems Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And.
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What is an economy? An economy consists of the economic system of a country or other area. When people have jobs, they have money. When they have money,
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Free Enterprise 3 rd grade. Free enterprise The freedom to start a business and sell, for profit, any product or service allowed by law.
As Native Americans were pushed out of West Texas, ranchers moved in. The 1 st West Texas ranchers generally owned little or no land. Most of their.
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Think of something you would like to buy. Do you know who makes it? Do you know its price? Buying, selling, and deciding on prices are important ideas.
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3.6 analyse current opportunities and challenges for a selected region.
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Ranching Started in SPAIN, came to TEXAS!!! Different kinds of cattle bred together-- Texas Longhorns.
Railroad Barons Powerful individuals Control railroads in USA Cornelius Vanderbilt Leland Stanford Made lots of money Aggressive, risk takers Gave money.
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CHAPTER 12 NOTES The Industrial Revolution. A shift from an economy based on Farming and Handicrafts to an economy based on Manufacturing by machines.
Ranchers and Drivers. Who was Philip Armour? He started a meat-packing industry in Chicago that helped the market for beef to grow.
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