Chapter 19 Section 2 Economic Leader Pg. 507-510
Free enterprise system Idea that people have the right to run businesses to make a profit Governments have little interference
World economic leader U.S. has largest economy in the world Larger than the next two (China and Japan) combined
U.S. farms produce ½ of the worlds corn and 20% of the worlds beef, pork, and lamb.
U.S. Economy
Problems facing the U.S. Fossil fuels used in power plants and cars Coal, oil, and natural gas Cause pollution and acid rain Landfills- places where trash is dumped getting higher every year
Recycling Reusing things instead of throwing them away
Education Government provides education
Health Care U.S. has some of the best healthcare in the world Is becoming costly 1/5 of people in U.S. do not have medical insurance Most of these people are children
World Trade North American Free Trade Agreement (NAFTA) No trade regulations between U.S., Mexico, and Canada