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THE U.S. and CANADA TODAY. THE ECONOMY: KEY TERMS Market Economy Post-Industrial Central Business District Retooling Commodity Arable Monopoly Global.

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Presentation on theme: "THE U.S. and CANADA TODAY. THE ECONOMY: KEY TERMS Market Economy Post-Industrial Central Business District Retooling Commodity Arable Monopoly Global."— Presentation transcript:

1 THE U.S. and CANADA TODAY

2 THE ECONOMY: KEY TERMS Market Economy Post-Industrial Central Business District Retooling Commodity Arable Monopoly Global Economy Tariff Trade Surplus Outsourcing

3 ECONOMIC ACTIVITIES Market Economy- people own, operate, and make profits from their OWN businesses

4 MANUFACTURING Equals 20% of total North American Production Manufacturing Belt (Rust Belt) Great Lakes Area Export Centers Aerospace and Aircraft manufacturing Washington and California Midwest- automobiles California and Northeast- food processing Canada- wood production

5 AGRICULTURE Commodities (goods) produced for sale 1 billion acres in US 167 million in Canada In US farming declining b/c of cost, demand, natural disaster, and too hard Wheat Belt Prairie Provinces of Canada Great Plains (US) Corn Belt Ohio to Nebraska Quebec, Ontario, and Manitoba

6 TRANSPORTATION & COMMUNICATION Roads- Commuting and transportation of goods Trans-Canada Highway- 4,860 miles PROBLEM: Congestion Air Travel Hartsfield (Atl) O’Hare (Chicago) Pearson (Toronto) Railroads Commuting and transportation of goods Freight

7 TRANSPORTATION & COMMUNICATION (cont) Communication Cellular and digital communication services TV, Internet, Radio, News Papers

8 TRADE & INTERDEPENDENCE Global Economy- countries dependant on each other US Trade deficit- import more than export High tariffs on imported goods Canada Trade surplus- export more than imports Small population= less energy costs NAFTA 1989- FTA bet. Canada and US 1994- NAFTA- to include Mexico Outsourcing- businesses abroad for domestic sales

9 CHALLENGES Terrorism Smart Border Action Plan Flow of people and goods Secure infrastructure Sharing of info Free and Secure Trade (FAST) Tracking of cargo Intelligence sharing

10 THE PEOPLE & the ENVIRONMENT KEY TERMS CLEAR CUTTING OVERFISHING ACID RAIN SMOG EUROTRIPHICATION

11 MANAGING RESOURCES Clear-cutting- clearing out forests for timber Related to conversion = land for agriculture or housing Overfishing = aquaculture Wolf poaching- overpopulation of Elk

12 THE HUMAN IMPACT Acid-Rain- cars, power plants, factories release Sulfur Dioxide and Nitrogen Oxide Mix w/ water vapor and falls in in the form of rain Kills crops and can damage water supply SOLUTION: emission reduction Smog SOLUTION- Clean Air Practices Water Pollution Raw sewage and industrial waste contaminate groundwater Eurotriphication- overgrowth of algae; oxygen depletion

13 THE FUTURE 1972- Great Lakes Water Quality Agreement US- Clean Water Act NAFTA- monitoring pollution along Rio Grande Global Warming Greenhouse gases Inuit- In Alaska and Canada foodless b/c the seals and caribou are moving North SOLUTION Less dependence on fossil fuels Lessening of emissions


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