the u.s. and canada today. the economy: key terms market economy post-industrial central business...
TRANSCRIPT
THE ECONOMY: KEY TERMS
Market Economy
Post-Industrial
Central Business District
Retooling
Commodity
Arable
Monopoly
Global Economy
Tariff
Trade Surplus
Outsourcing
MANUFACTURINGEquals 20% of total North American Production
Manufacturing Belt (Rust Belt)Great Lakes AreaExport CentersAerospace and Aircraft manufacturing
Washington and California
Midwest- automobiles
California and Northeast- food processing
Canada- wood production
AGRICULTURECommodities (goods) produced for sale
1 billion acres in US167 million in CanadaIn US farming declining b/c of cost, demand, natural disaster, and too hard
Wheat BeltPrairie Provinces of CanadaGreat Plains (US)
Corn BeltOhio to NebraskaQuebec, Ontario, and Manitoba
TRANSPORTATION & COMMUNICATION
Roads- Commuting and transportation of goods
Trans-Canada Highway- 4,860 miles
PROBLEM: Congestion
Air TravelHartsfield (Atl)
O’Hare (Chicago)
Pearson (Toronto)
RailroadsCommuting and transportation of goods
Freight
TRANSPORTATION & COMMUNICATION
(cont)Communication
Cellular and digital communication servicesTV, Internet, Radio, News Papers
TRADE & INTERDEPENDENCE
Global Economy- countries dependant on each other
USTrade deficit- import more than export
High tariffs on imported goods
CanadaTrade surplus- export more than imports
Small population= less energy costs
NAFTA1989- FTA bet. Canada and US
1994- NAFTA- to include Mexico
Outsourcing- businesses abroad for domestic sales
CHALLENGES
TerrorismSmart Border Action Plan
Flow of people and goodsSecure infrastructureSharing of info
Free and Secure Trade (FAST)Tracking of cargoIntelligence sharing
MANAGING RESOURCES
Clear-cutting- clearing out forests for timber
Related to conversion = land for agriculture or housing
Overfishing = aquaculture
Wolf poaching- overpopulation of Elk
THE HUMAN IMPACTAcid-Rain- cars, power plants, factories release Sulfur Dioxide and Nitrogen Oxide
Mix w/ water vapor and falls in in the form of rainKills crops and can damage water supplySOLUTION: emission reduction
SmogSOLUTION- Clean Air Practices
Water PollutionRaw sewage and industrial waste contaminate groundwaterEurotriphication- overgrowth of algae; oxygen depletion