US Economy American Country Studies Kirovsk Gymnasium November 22, 2013 Lidia A. Karavaeva
What is economy of the country? What do you remember about economic history of the US?
Production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location Successful colonial economy turned into small independent farming American economy – 18 th century Great Depression
Great Depression August 1929 – economic recession 25% Unemployment Rate Hundreds of millions deposits were lost Stock Market Crash
Unemployed men queued outside a depression soup kitchen opened in Chicago by Al Capone, 02 -1931
1933 - New Deal laws passed by Congress as well as presidential executive orders during the first term of President Franklin D. Roosevelt. "3 Rs": Relief, Recovery, and Reform. That is Relief for the unemployed and poor; Recovery of the economy to normal levels; and Reform of the financial system to prevent a repeat depression. 1960 s – Great Society Initiatives. President Lyndon B. Johnson at Ohio University. Elimination of poverty and racial injustice.
Nowadays …. New York – financial capital The World’s largest economy 2007 -2008 Financial crisis Public debt $17. 091 trillion (107. 2% of GDP) Unemployment – 7. 2%
Currency
Main Industries Petroleum Steel Motor vehicles Aerospace Telecommunications Chemicals Electronics Food processing Consumer goods
US Government Shutdown 2013
What did it influence? An illustrated guide to what happened during the US government shutdown
Export Capital goods; industrial supplies and materials (except oil fuels); consumer goods (except automotive); automotive vehicles and components; food, feed, and beverages; fuel oil and petroleum products; aircraft and components. Canada 19% Mexico 14% China 7% Japan 4. 5%
Import Consumer goods (except automotive); capital goods (except computing); industrial supplies; automotive vehicles and components; computers and accessories; food, feed, and beverages. China 19% Canada 14% Mexico 12% Japan 6. 4% Germany 4. 7%
Leading Companies
References: http: //qz. com/145405/an-illustrated-guide-to-what-happened-during- the-us-government-shutdown/ http: //www. randomhistory. com/us-economy-history. html http: //theeconomiccollapseblog. com/archives/tag/2013 http: //www. bls. gov/eag. us. htm
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