1. Political and Economic Elements of Geography

2. Politics Politics can be defined as : The science and art of Political government The science and art of Political government Factional scheming for power or status within a group Factional scheming for power or status within a group

4. Government Government can be defined as The exercise of authority over a state, district, organization, institution, etc.; direction, control, rule An established system of political administration by which a nation, state, or district is governed

5. Jefferson Memorial

6. Lincoln Memorial

7. Politics and Government For our Geographic exploration of politics and Government we need to strive to understand these basic ideas: The various types of systems most commonly used today The practical definition of these systems Some history of these systems Why a given system is used in a given place The introductory information will be dealt within section 2 of chapter 3, we will do more detailed stuff when we begin our regional studies

8. Department of AgricultureSupreme Court

9. Washington MonumentFederal Reserve

10. Economics Economics can be defined as: Of or having to do with the production, distribution and consumption of wealth Having to do with the satisfaction of the material needs of people

11. Economic and Geography Vocab and Notes GNP - - adjusted to include the values of goods and services from other countries used in producing goods and services. (Citizen of country “A” anywhere) GDP - the total monetary value of goods and services produced in a country during one year (in country “A” only) GNP Per capita income Per capita GDP

14. Vocab cont. Exports - resources (i.e. information, technology, etc.) and finished products sold outside of the home country Imports - resources and goods unavailable or scarce in the home country yet necessary for production or consumption (food stuff) Trade balance -Historically a “favorable” balance would include more income from a higher amount of exports than imports…Is this still true in a modern Info/Tech-service based economy???

15. Vocab cont. Trade Deficit? Economic Growth - $ received from exports increases production of goods and services Employment rates Wages/Spending Interest Rate ( on Loans) set by the Fed. Res. Housing “Starts”

16. Waves and Worlds 3 Waves of Economic development 1,2,3 World - Can’t work anymore As out of date as poke-a-dots Why? Developed, Developing, Under Developed Oops! - New P.C.= Advantaged, Disadvantaged

18. Waves of Economic Development History tells us these “Waves” have occur in sequence (Ex. USA) Agricultural Age----Industrial Age----Information Tech Age 1800 1860’s 1900 1970’s 2000 4 mill 6th 76 mill. 245 mill 281 mill 95% 60% 2% 3,800,000 40% 4,900,000 5% 98%

19. What aspects of culture and society will most likely have to change as a society moves from one wave to the next???