Presentation on theme: "PPT Notes 6.2 Economy and Culture of the U.S. Multinational Corporations."— Presentation transcript:
PPT Notes 6.2 Economy and Culture of the U.S. Multinational Corporations
World’s Greatest Economic Power The U. S. has 7% of the world’s land and 5% of the world’s population – more than 280 million people The U.S. leads the world in agricultural products, manufactured goods, and global trade. It is the world’s largest economy. The US accounts for more than 10% of the world’s exports, which are goods sold to another country. http://www.redevelopment.com/norby/ch05-ia.gif
World’s Greatest Economic Power Three factors contribute to the overall success of the American economy: 1. Natural resources: Pg. 120 2. skilled labor: 3. stable political system: Democracy The economy is run on free enterprise in which private individuals own most of the businesses, resources, and technology, and can operate them for a profit. (Government has little control over businesses)
The U.S is the world’s major trading nation, leading the world in the value of exports &imports. The U.S. exports raw materials, agricultural products, and manufactured goods and imports goods: automobiles, electronics equipment, machinery, and clothing. Multinationals- American corporations are involved in businesses worldwide. (McDonalds, Walmart, Disneyland, Starbucks.) The Economy http://takeme2japan.files.wordpress.com/2009/02/mcdonalds.jpg http://farm5.static.flickr.com/4042/4285972049_b31c6042cb.jpg
What does the U.S. Export or sell to other countries? What does the U.S. IMPORT or buy from other countries? Export Import
Service Industries The economy today is driven by service industries that produces a service rather than a product. -- Services are: finance, medicine, education, information processing, transportation This type of economy is called a postindustrial economy – one where manufacturing no longer plays a dominant role.
A Diverse Society U.S.: A nation of immigrants Approx. 70% came from Europe decent, 13% Hispanics, 12% African Americans, 4% Asian, 1% Native Americans English is the dominant language. Spanish is 2 nd Freedom of religion, 1,000 different religious groups practice their faiths in the US. Major groups include Christians, Protestants, Catholics, Jews, and Muslims. Influence from Native Americans and early European settlers is evident in the American arts and culture. Examples of American creations include the skyscraper, motion pictures, Hollywood, jazz, blues, gospel, rock ‘n’ roll, and bluegrass music.
America Today 80% of the people live in cities or surrounding suburbs. Automobile and a highly developed transportation network (highways, expressways, railroads, airlines) has made travel easier. Nearly 50% of adults Americans are employed, ½ of those are women. 7/10 Americans work in the service industry. Americans value education. There are 2,300 four year public and private colleges and universities in the U.S. 1/10 people in America lives in poverty.