U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role...
-
Upload
may-campbell -
Category
Documents
-
view
213 -
download
0
Transcript of U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role...
![Page 1: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/1.jpg)
U.S. ECONOMY
![Page 2: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/2.jpg)
US Economy is the world's largest national economy.
Thanks to:
• His important role since the First World War
• The abundance of natural resources
• The availability of full extended territory
• Immigration
![Page 3: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/3.jpg)
US ECONOMY IS CHANGED
• In the past: FREE COMPETITION AND PRIVATES INDUSTRIES
Consequence:
• Birth of “TRUST”: groups of companies that controll all the areas of the market and impose their prices
![Page 4: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/4.jpg)
Strong increase in production
Low wages for workers
People don’t buy and don’t consume
Supply exceeds demand
GREAT DEPRESSION of ’29 collapsed on Wall Street
![Page 5: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/5.jpg)
To exit from the Great Depression of 1929…
The president Franklin Delano Roosevelt made the “NEW DEAL”
• Construction of public works
• Intervention of the state in the economy
• Minimum social assistance for workers
• The replacement of the olds industrials with the managers
• Support of the banks
![Page 6: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/6.jpg)
U.S Economy today
LIBERALISM=
economic theory that provides for free enterprise, free markets and scarce intervention of the state
CAPITALISM=
ability to accumulate and concentrate wealth in a convertible form and re-investable
![Page 7: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/7.jpg)
Like all the countries economy is based on the three sectors:
•Primary •Secondary•Tertiary
![Page 8: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/8.jpg)
AGRICULTURE AND BREEDING
Favored by:
• Good natural resources•Large fertiles plots•Temperate climates
![Page 9: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/9.jpg)
Primary sector
PRODUCTION FOR EXPORT:
• Territory divided into areas called “BELT”
• Each area is qualified in specific production
PRODUCTION FOR DOMESTIC MARKET:
• Based on small family business that do part-time farming
• Few products for own consumption
![Page 10: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/10.jpg)
Territory is divided into areas called “BELT”
![Page 11: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/11.jpg)
INDUSTRY
Favored by:
• Abundant capital
• Advanced capital
• Spread around technology
![Page 12: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/12.jpg)
Joint venture:
Agreements whereby the two companies collaborate in the production of individual products in order to divide risks or gains
![Page 13: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/13.jpg)
SERVICE INDUSTRY
• Communications networks: efficient but with an unevenly spread
• Rail networks : used only for the transport of goods
• Air transport: well organized
![Page 14: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/14.jpg)
TRADE
• Import: raw materials, agricultural products and oil
• Export: high technology goods
Good relations above all with Japan, U.E, Canada and Mexico.
Member of NAFTA, a common market with Canada and Mexico
![Page 15: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/15.jpg)
ACTUAL CRISISCauses:
1)“Subprime” 2) Sale of 3) High price of Mortgages “derivatives” raw materials
Failure of “Lehman Brothers”
![Page 16: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/16.jpg)
Consequences:
1. High global inflation
2. Crisis of banking system (includes ECB, FED)
3. Wall street stock exchange
4. Global food crisis
5. Risk of default for the PIIGS (Portugal, Ireland, Italy, Greece and Spain)
![Page 17: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/17.jpg)
The plan of the current president Obama is similar with the plan adopted by Roosevelt to overcome the crisis of the ’29. He proposes:• Increase in wages• Public investments•Reduction of discount rates•Financial liquidity to support the banking system
![Page 18: U.S. ECONOMY. US Economy is the world's largest national economy. Thanks to: His important role since the First World War The abundance of natural resources.](https://reader035.fdocuments.us/reader035/viewer/2022062716/56649e045503460f94af0c7c/html5/thumbnails/18.jpg)
Credits:
Natale Garrè e Giovanna Merlo,Il mondo extraeuropeo ,B. Ed.Bompiani per la scuola
http://www.istitutodaguirre.it/
www.linkiesta.it/blogs/i-gessetti-di-sylos/obama-sulla-strada-di-roosevelt