Economic Activities in USA

Economic Activities:

The U.S. in the

Global Economy

Grade11 KeithG

The Free
Market

Foundation

Historical ups and downs
Impact of world wars and the
Great Depression
Shift in the 1950s: From
wartime to consumer goods
production

Multiple Choice

The shift in production from the 1950s was from wartime to

• consumer goods

• service

• military
• conflict

Strengths of

the U.S.
Economy
Today

Freedom in business
ownership
Protection of rights and safety
Contributions: Education,
technology, resources,
agriculture, industries

Multiple Select

What are some strengths of the US economy

• Freedom of ownership

• Protection of rights

• Technology

• Resource availibility

Transformatio

n in

Agriculture

and

Manufacturin

g

Evolution since the 1950s
Growth in farm sizes,
Decline in manufacturing jobs
Rise in efficiency and productivity

Dropdown

There was a decline in

Select answer

after the 1950's

Dominance of

High-Tech

and Services

Expansion of the service sector
High-tech industry leaders:
Silicon Valley, Seattle, Austin,
Dallas
Biotech hubs: Research
Triangle

The Double-
Edged Sword
of Offshoring

Reasons for offshoring
Benefits: Lower costs
Drawbacks: Job losses

Match

What are the Pro's and Con's of offshoring?

• Pro

• Con

• banana

Lower cost

job losses

banana

• Lower cost

• job losses

• banana

Transportatio

n and

Communicatio

n

Importance of cars,
investments in infrastructure
Air travel and freight transportation
Shift to mobile communication

2008 Crisis
and Recovery

Causes: Subprime mortgage
crisis, unstable stock market
Consequences: Foreclosures,
bank failures, global impact
Recovery and strengthening

Open Ended

Summarise what happened in the 2008 crisis in USA

The U.S.

Economy: A
Global Pillar

U.S. influence on the world
economy
Continuous evolution and
resilience
Future prospects

Questions?