1. Economy
The economy is the system of growing, making, selling, buying, and using goods and services.
In Georgia’s market economy the resources are owned and controlled by the people of the country, rather than the government. Other examples of a market economy include Canada, UK, Germany, and the Netherlands. 

2. A True Business Man
Entrepreneurs are those people in a market economy who see a need and create goods and services to satisfy the wants of consumers.
John Pemberton

3. Service Industries
Service industries those involved in performing actions or services for people rather than providing products, are the largest sector of Georgia's economy.
Medical care, banking, insurance, hair cutting, car repair and education

4. Different Forms of Trades
Trade is the voluntary exchange of goods and services among people and countries.
Bartering is the trading of goods and services without the use of money.
Mercantilism is an economic trade system that was used in the 16th, 17th and 18th centuries. It was based on the idea that national wealth and power was best served by increasing exports and collecting precious metals like gold in return.

5. Transportation
During the late 1700’s and early 1800’s, transportation improved with the use of canals, rail roads, steamboats, and federal roads.
As transportation became more available , trade among the states also increased.

6. Coca-Cola
Atlanta druggist John Pemberton invented a soda that impact not just Georgia, but the world.
In 1885 the temperance movement swept across most of the country.
Pemberton began a way to remove the alcohol from his tonic and still have it taste good.
The tonic was put into pint beer bottles ,labeled the “Intellectual Beverage and Temperance Drink,” and sold for 25 cents .
One customer came into Jacobs Pharmacy with a severe headache. He bought Coca-Cola syrup and asked Willis Venable to mix some with water so he could take it immediatley. The customer said that after drinking the mixture that it was much better than with plain water.

7. Within a year, production had grown from 25 to 1,049 gallons.
July 1887, Pemberton sold Venable two-thirds interest in his company.
Pemberton died in August 1888, but before his death Asa Candler bought all the Coca-Cola stock for $2,300.
By 1892 the drink became so popular than Candler sold his drugstore and formed the Coca-Cola company.
In 1919 Candler sold the company to business man Ernest Woodruff for $25 million.
Today Coca-Cola products are enjoyed around the world by over 470 million people each day.

8. Delta Airlines In 1924, Huff Daland Dusters was founded in Macon.
In 1925, Huff Daland Dusters moved its headquarteres to Monroe, Louisiana.
In 1928, C.E Woolman convinced a number of Monroe bussinessmen to buy Huff Daland Dusters.
They renamed it Delta Air Service, for the Missisippi Delta Region it served.
In 1929,Delta began its first passenger flights.

9. DELTA
In 1934, Delta won an airmail contract that brought service to Atlanta.
In 1941, Delta moved its headquarters from Monroe to Atlanta.
In 1945, the company changed its name to Delta Airlines.
In 1953, Delta merged with Chicago and Southern Airlines.
In 1990, It became an international carrier.
Delta offers more than 600 weekly flights to 58 destinations in Latin America and the Caribbean.

10. Mississippi Delta
The Lower Mississippi Delta Region is a large and diverse area encompassing all or parts of seven states bound together by their ties to the river. Broadly defined, the Delta region spans the entire lower portion of the river beginning in southern Illinois, covering portions of Missouri, Kentucky, and Tennessee, and including all of Arkansas, Mississippi, and Louisiana.

11. Do these products look familiar?

12. Georgia-Pacific
1927, Owen Cheatham founded the Georgia Hardwood Lumber co. in Augusta as a wholesaler of hardwood lumber.
1956, the company marketers of tissue, pulp, paper, packaging, building products, and related chemicals.
1982, Georgia-Pacific moved its headquarteres to Atlanta.
2005, the company was acquired as a wholly owned subsidary of Koch Industries,Inc. ,a privatley owned company based in Wichita,Kansas.

13. Owen Cheatham
In the 1960s it was still possible to count on the fingers of one hand the real Cinderella corporations of America whose sage management and economic growth brought stockholders financial returns exceeding their wildest dreams. Georgia-Pacific Corp. would be at the top of the list. The company's phenomenal growth, starting in 1928 and bucking the Great Depression. By the 1970s G-P's Indonesia timber operation became that nation's largest employer. Today Owen Cheatham is known as a business titan. He is the pride of Augusta Georgia.

14. Bernie Marcus:

15. Home Depot
Bernie Marcus and Arthur Blank opened the first Home Depot stores in Atlanta on June 22, 1979.
Within the first 5 years, the Home Depot had stores in Georgia ,Florida, Louisiana, Texas, and Alabama.
Arthur Blank is the owner of the Atlanta Falcons and has worked to make the team a center of pride for the city.
Bernie Marcus donated $200 million to build the Georgia Aquarium.

16. Bernie Marcus
"I believe in free enterprise," said Marcus. "It's what made our success possible. And I want to ensure its strength, so that free enterprise can provide the opportunity for success to millions of other people."

17. Bernie Marcus
He was the driving force behind the Georgia Aquarium—the largest in the world—which has generated roughly $6 billion for the greater Atlanta metropolitan area.
With a focus on the health of children and military veterans, he has long supported medical research, making major contributions in the areas of autism and neurological, spinal, and brain injury.
His most recent major endeavor is the Job Creators Alliance, a group of business leaders seeking to promote and preserve free enterprise for succeeding generations.

18. Arthur Blank

19. Sources of State Revenue
Georgia must work Each year from a budget that outlines sources of income for the state, called revenues, and plans for spending those funds, called expenditures.
Georgia works under 3 types of budgets-an Original budget approved for a year, an amended budget, and a supplementary budget.
Georgia’s revenues come from 3 basic sources-state funds, federal funds, and special fees collected by agencies.
Georgia’s budget planners base their plans on federal and state funding sources.

20. Those source include income taxes,sales taxes, other taxes and fees, lottery receipts, indigent care trust funds ,and tobacco settlement funds.
About 90% of Georgia’s revenue comes from taxes.
The major source of revenue for local goverments is also taxes.
About 36% of their revenues were from property taxes

21. Distribution of State Revenue
The Government pays for services with the revenues they collect.
At the state level,the largest expenditure is for education.
Other expenditures include the wages and salaries of government emloyees, public safety, transportation, and intrest on the money the state borrows.
Local governments also make expenditures for education plus police and fire protection, libraries, parks, and water and sewer systems.

22. Georgia when it was a colony
When Georgia’s colony was started it was expected to produce silk, cotton dyes, and wine.
Problem: The soil
Eventually, the colonists began growing more suitable crops, such as rice indigo, and wheat, and making wood products.

23. Cotton was introduced in 1786, and after the cotton gin was invented the agricultural sector dominated the south economy.
Georgia’s Cash Crops: Rice, Wheat, and cotton

24. The textile industry
Henry Grady’s New South introduced industry to the south.
One of Georgia’s first industries was textiles.
By 1890, Georgia’s textile industry produced over $12.5 million worth of goods.

25. Georgia’s forests and the economy
Georgia’s rich forests were turned into lumber to build new factories, mills, and housing and the raw materials that wound up in a variety of products, from furniture to the naval stores used in ship building to pulp and paper.

26. Personal Money Management Choices
Everyone makes choices on what to do with their income.
Savings is the income that a person has not spent after buying things he or she wants. It is an amount put aside for later.
Investing involves putting money aside in order to receive a greater benefit in the future.
Often that greater amount is a certain amount of interest.
Credit is extremely useful to the economy.
Business uses credit regularly, either by borrowing from a bank or issuing corporate bonds.

29. DID YOU KNOW?

30. IN THE BEGINNING: BARTER
Barter is the exchange of resources or services for mutual advantage, and the practice likely dates back tens of thousands of years, perhaps even to the dawn of modern humans. Some would even argue that it's not purely a human activity; plants and animals have been bartering—in symbiotic relationships—for millions of years. In any case, barter among humans certainly pre-dates the use of money. Today individuals, organizations, and governments still use, and often prefer, barter as a form of exchange of goods and services.

31. B.C.: CATTLE
Cattle, which throughout history and across the globe have included not only cows but also sheep, camels, and other livestock, are the first and oldest form of money. With the advent of agriculture also came the use of grain and other vegetable or plant products as a standard form of barter in many cultures.

32. 1200 B.C.: COWRIE SHELLS
The first use of cowries, the shells of a mollusc that was widely available in the shallow waters of the Pacific and Indian Oceans, was in China. Historically, many societies have used cowries as money, and even as recently as the middle of this century, cowries have been used in some parts of Africa. The cowrie is the most widely and longest used currency in history.

33. 1000 B.C.: FIRST METAL MONEY AND COINS
Bronze and Copper cowrie imitations were manufactured by China at the end of the Stone Age and could be considered some of the earliest forms of metal coins. Metal tool money, such as knife and spade monies, was also first used in China. These early metal monies developed into primitive versions of round coins. Chinese coins were made out of base metals, often containing holes so they could be put together like a chain.

34. 500 B.C.: MODERN COINAGE
Outside of China, the first coins developed out of lumps of silver. They soon took the familar round form of today, and were stamped with various gods and emperors to mark their authenticity. These early coins first appeared in Lydia, which is part of present-day Turkey, but the techniques were quickly copied and further refined by the Greek, Persian, Macedonian, and later the Roman empires. Unlike Chinese coins which depended on base metals, these new coins were made from precious metals such as silver, bronze, and gold, which had more inherent value.

35. 118 B.C.: LEATHER MONEY
Leather money was used in China in the form of one-foot-square pieces of white deerskin with colorful borders. This could be considered the first documented type of banknote.

36. A.D : THE NOSE
The phrase "To pay through the nose" comes from Danes in Ireland, who slit the noses of those who were remiss in paying the Danish poll tax.

37. 806: PAPER CURRENCY
The first known paper banknotes appeared in China. In all, China experienced over 500 years of early paper money, spanning from the ninth through the fifteenth century. Over this period, paper notes grew in production to the point that their value rapidly depreciated and inflation soared. Then beginning in 1455, the use of paper money in China disappeared for several hundred years. This was still many years before paper currency would reappear in Europe, and three centuries before it was considered common.

38. 1500: POTLACH
"Potlatch" comes from a Chinook Indian custom that existed in many North American Indian cultures. It is a ceremony where not only were gifts exchanged, but dances, feasts, and other public rituals were performed. In some instances potlatch was a form of initiation into secret tribal societies. Because the exchange of gifts was so important in establishing a leader's social rank, potlatch often spiraled out of control as the gifts became progressively more lavish and tribes put on larger and grander feasts and celebrations in an attempt to out-do each other.

39. 1535: WAMPUM
The earliest known use of wampum, which are strings of beads made from clam shells, was by North American Indians in Most likely, this monetary medium existed well before this date. The Indian word "wampum" means white, which was the color of the beads.

40. 1816: THE GOLD STANDARD
Gold was officially made the standard of value in England in At this time, guidelines were made to allow for a non-inflationary production of standard banknotes which represented a certain amount of gold. Banknotes had been used in England and Europe for several hundred years before this time, but their worth had never been tied directly to gold. In the United States, the Gold Standard Act was officialy enacted in 1900, which helped lead to the establishment of a central bank.

41. 1930: END OF THE GOLD STANDARD
The massive Depression of the 1930s, felt worldwide, marked the beginning of the end of the gold standard. In the United States, the gold standard was revised and the price of gold was devalued. This was the first step in ending the relationship altogether. The British and international gold standards soon ended as well, and the complexities of international monetary regulation began.

42. THE PRESENT:
Today, currency continues to change and develop, as evidenced by the new $100 U.S. Ben Franklin bill.
THE FUTURE: ELECTRONIC MONEY
In our digital age, economic transactions regularly take place electronically, without the exchange of any physical currency. Digital cash in the form of bits and bytes will most likely continue to be the currency of the future.