Economic Geography of the ‘United States of America’

GROUP MEMBERS

Rahat Ahmed Chowdhury Waliza Monir Liza Sonchita Rani Nath Fahim Ahmed

BBA 29th

Metropolitan University, Sylhet

Introduction

The United States of America (USA), commonly referred to as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major territories and various possessions.

The 48 contiguous states and Washington, D.C., are in central North America between Canada and Mexico. The state of Alaska is in the northwestern part of North America and the state of Hawaii is an archipelago in the mid-Pacific.

The territories are scattered about the Pacific Ocean and the Caribbean Sea. The country is the world's third or fourth-largest by total area and the third most populous

13 red & white stripes symbolizes the 13 original colonies(Connecticut, Delaware, Georgia, New Hampshire, New Jersey, Maryland, New York, North Carolina, South Carolina,

Massachusetts, Virginia, Rhode Island, Pennsylvania)

Red stripes means - Hardiness, Valor, Bravery

White stripes means - Purity, Innocence, Freedom

Blue portion means - Vigilance, Perseverance, Justice

The 50 stars means ’50 states’ of U.S.A

Let’s enjoy the video……….

A brief history of USA by timeline

COLUMBUS DISCOVERED AMERICA IN 1492.

GROUPS OF PEOPLE FROM ENGLAND TRAVELED TO AMERICA AND LIVE THERE BECAUSE THEY DON’T LIKE THE KING OR HIS LAWS.

IN 1776, AMERICANS DECLARED INDEPENDENCE FROM ENGLAND. THE REVOLUTIONARY WAR BEGINS.

THE REVOLUTIONARY WAR LASTS 9 YEARS, AND AMERICA BECAME FREE FROM ENGLAND.

THE 13 COLONIES BECOME UNITED STATES

The Bell of Independence

In 1787 the constitution was made

George Washington became the first U.S. president in 1789

IN 1861, THE CIVIL WAR BEGINS.

THE CIVIL WAR ENDS IN 1865, WITH OVER 700,000 DEAD, BUT WITH THE UNION VICTORY, THE COUNTRY REMAINS WHOLE.

1914—1918 WORLD WAR I: AMERICA LOSES OVER 118,000 SOLDIERS.

1939—1945 WORLD WAR II: AMERICA HELPS TO DEFEAT JAPAN USING THE ATOM BOMB IN NAGASAKI AND HIROSHIMA.

Geographical values

GENERAL CHARACTERISTICS

Official name United States of America

Total area 9,857,306 km2

Population 320 million

Capital Washington D.C.

Largest city New York city

Languages English, Spanish and other.

Monetary unit U.S. Dollar ($)

Ethnicity White, Black, Hispanic, Asian, Native

Religions Christians, Hindus, Jews, Muslim& Other

Literacy rate 99%Government Federal Presidential Constitutional

RepublicPresident Barrack Obama

Motto ‘In God We Trust’

Demonym American

GINI 40.8

HDI 0.914Life expectancy 78.74 years

MAP OF USA

CLIMATE

POPULATION

RACE & ETHNICITY

RELIGION

LANGUAGES

LITERACY RATE

99%

32 million adults in the U.S. can't read properly

21 percent of adults in the U.S. read below a 5th grade level,

19 percent of high school graduates can't read properly

EDUCATION IN U.S.

Americans stood second only to Canada in the percentage of 35 to 64 year olds holding at least two-year degrees

LIST OF TOP 10 UNIVERSITIES OF U.S.Rank University

1 Princeton University

2 Harvard University

3 Yale University

4 Columbia University

5 Stanford University

6 The University of Chicago

7 Massachusetts Institute of Technology

8 Duke University

9 University of Pennsylvania

10 California Institute of Technology

GOVERNMENT SYSTEM OF U.S.

POLITICAL PARTIES

TRANSPORTATION

TRANSPORTATION CHART

Railways 224,792 km

Highways 259,032 km

Water ways 41,009 km

Airports 15,079

COMMUNICATION CHART

PressMail

Telephones Main lines in use: 129,400,000

Radio broadcast stations AM: 4,789; FM commercial stations: 6,231; FM

educational stations: 2,672;Television broadcast

stations9024

Internet Service Providers (ISPs)

36

Internet users 270 million

HEALTH & WELFARE

Nationwide health care system, including maternity services provided by government. Medical infrastructure consists of more than 914,720 Western-

trained physicians, 837,286 nurses, 5686 hospitals of all types.

AMERICAN HOLIDAY

Date Official Name

January 1 New Year's Day

Third Monday in January Birthday of Martin Luther King, Jr., or Martin Luther King, Jr. Day

January 20, the first January 20 following a Presidential election Inauguration Day

Third Monday in February Washington's Birthday

Last Monday in May Memorial Day

July 4 Independence Day

First Monday in September Labor Day

Second Monday in October Columbus Day

November 11 Veterans Day

Fourth Thursday in November Thanksgiving Day

December 25 Christmas

SCIENCE & TECHNOLOGY

Albert Einstein provided the great ‘Theories of

Relativity’

In 1876, Alexander Graham Bell invented telephone

Thomas Edison's invented the first long-lasting light bulb, viable movie camera.

Nicola Tesla pioneered alternating current, the AC motor, and radio.

The Wright brothers, in 1903, made the first sustained and controlled heavier-than-air powered flight.

The Space Race produced rapid advances in rocketry, materials science, and computers.

Neil Armstrong was the first man to set foot on the

Moon, on July 20, 1969. More than half of the world's land planted with biotech

crops of United States.

CUISINE OF U.S.

Apple pie is one of a number of American cultural icons.

Roasted turkey is a traditional menu item of an American Thanksgiving dinner

SPORTS OF U.S.

ENTERTAINMENT

Hollywood movies are providing great entertainment not only to the U.S citizens but to the people living all over the world

Hollywood Superstars Are The Real Asset For Their Economy.

MUSIC IN U.S.

BRANDS OF U.S.

DEFENSE SECTOR

PLACES TO VISIT

Economy of USA

OVERVIEW

•The economy of the United States is the largest national economy in the world in both nominal value and by purchasing power parity. •The U.S. economy maintains a very high level of output per person

•The United States has been one of the best-performing developed countries.

•The American labor market has attracted immigrants from all over the world and has one of the world's highest migration rates.

HISTORY OF AMERICA’S ECONOMY BASED ON MAJOR EVENTS

Stock market crash & Great depression(1930)

AFTER THE GREAT DEPRESSION

For many years following the Great Depression of the 1930s, when the danger of recession appeared most serious.

Great Depression (1929-1939) highlighted

1930 UNEMPLOYMENT

Great Depression (1929-1939) highlighted

1970S Since the stagflation of the 1970s,

the U.S. economy has been characterized by somewhat slower growth.

The worst recession in recent decades, in terms of lost output, occurred in the 1973-75 period of oil shocks, when GDP fell by 3.1 percent, followed by the 1981-82 recession, when GDP dropped by 2.9 percent.

Since the 1970s the US has sustained trade deficits with other nations.

In the 1970s, economic woes brought on by the costs of the Vietnam conflict, major price increases, particularly for energy, created a strong fear of inflation

RECESSION OF 2001

The 9/11 attack was the main reason for the 2001 recession.

The stock market was closed for 4 days

The 617.78 point loss was the worst one-day drop ever

CRISIS OF 2007-2009

The United States entered in 2008 during a housing market correction, a subprime mortgage crisis and a declining dollar value.

On December 1, 2008, the NBER declared that the United States entered a recession in December 2007, citing employment and production figures as well as the third quarter decline in GDP.

Key Economic Indicators

GDP

GDP GROWTH RATE

GDP PER CAPITA

GDP PER CAPITA (PPP)

GDP FROM SERVICE SECTOR

GDP FROM AGRICULTURE

GNP

UNEMPLOYMENT RATE

INFLATION RATE

INTEREST RATE

US DOLLAR STRENGTH

STOCK MARKET

CONSUMER PRICE INDEX

MONEY SUPPLY (M2)

EXPORTS

IMPORTS

BALANCE OF TRADE

AVERAGE HOURLY WAGES

GOVERNMENT BUDGET

GOVERNMENT DEBT

Economic growth signals are still positive and consumption is apparently rebounding, while corporate earnings are strong.

GOOD

Unemployment, Housing, Interest Rates, and Oil all loom as potential caution flags that could reverse the good news story

Government debt and overall debt are not going away as major issues that could reduce long term growth and lead to unpleasant outcomes

BAD

UGLY

Summary of Economy

SECTORS OF U.S.A

ENERGY•The United States is the largest energy consumer in terms of total use

• The U.S. ranks seventh in energy consumption per-capita after Canada and a number of small countries.

• The majority of this energy is derived from fossil fuels: it was estimated that 40% of the nation's energy came from petroleum, 23% from coal, and 23% from natural gas. Nuclear power supplied 8.4% and renewable energy supplied 6.8%, which was mainly from hydroelectric dams although other renew ables are included such as geothermal and solar energy.

OILAmerican dependence on oil imports grew from 24% in 1970 to 40% by the end of 2013.

At the current rate of unchecked import growth, the US would be 70% to 75% reliant on foreign oil by the middle of the next decade.

Transportation has the highest consumption rates, accounting for approximately 68.9% of the oil used in the United States in 2014, and 55% of oil use worldwide.

MANUFACTURING

USA is the leading manufacturer in the

world .Main industries are: petroleum, steel, motor vehicles,

aerospace, telecommunications, chemicals, electronics,

food processing, consumer goods, lumber, mining.

AGRICULTURE

Agriculture is a major industry in the United States and the country is a net exporter of food. The United States controls almost half of world grain exports.

Products include wheat, corn, other grains, fruits, vegetables, cotton; beef, pork, poultry, dairy products; forest products; fish.

U.S. TOP EXPORTS, 2014 Machines, engines, pumps: US$219.8 billion

(13.6% of total exports) Electronic equipment: $172.4 billion (10.6%) Oil: $155.6 billion (9.6%) Vehicles: $136 billion (8.4%) Aircraft, spacecraft: $125.2 billion (7.7%) Medical, technical equipment: $85 billion (5.2%) Gems, precious metals, coins: $64.1 billion (4%) Plastics: $63 billion (3.9%) Pharmaceuticals: $44 billion (2.7%) Organic chemicals: $42.3 billion (2.6%)

U.S. TOP IMPORTS, 2014

Oil: US$347.7 billion (14.8% of total US imports) Machines, engines, pumps: $324.3 billion (13.8%) Electronic equipment: $314.8 billion (13.4%) Vehicles: $261.1 billion (11.1%) Medical, technical equipment: $75.2 billion

(3.2%) Pharmaceuticals: $72.6 billion (3.1%) Gems, precious metals, coins: $63.2 billion

(2.7%) Organic chemicals: $53.6 billion (2.3%) Furniture, lighting, signs: $52 billion (2.2%) Plastics: $47.9 billion (2%)

KEY PARTNERS OF EXPORT & IMPORT

Export Import

Canada (19.0%) China(19.4%)

Mexico(14.3%) Canada (14.6%)

China (7.7%) Mexico (12.4%)

Japan (4.1%) Japan(6.1%)

Germany (3.0%) Germany (5.1%)

IMPACT OF 9/11 IN U.S. ECONOMY

2001 Recession Debt crisis Travelling sector

Monetary policy & 2008-2009 Recession

War on terror 

SOME INTERESTING FACTS The US has no official language.

The Statue of Liberty was a gift from France in 1884.

The current USA flag designed by 17 year old boy for a school project, but he got a shocking ‘B-’ grade

The national anthem of USA was tuned from a song of a drunk man

The original capital of the U.S. was Philadelphia

The US debt per person is $45,000 USD.

Alaska was purchased from Russia

Apple has more money than the U.S. Treasury.

It is actually completely legal for underage kids to smoke cigarettes, but it is illegal for them to purchase them

Even if Bill Gates gave up every single penny of his fortune, he would have taken care of only 15 days’ deficit of America.

If you have $10 in your pocket and no debt, you are wealthier than 25% of Americans.

Almost all the presidents of USA born in Virginia

Russia and America are less than 4km apart at nearest point.

There are, on average, 100 acres of pizza served daily in the U.S.