1. Question
What do you want to do for a living when you grow up?

2. Chapter Seven, Lesson Three
Mexico’s Economy
Chapter Seven, Lesson Three

3. Farming in a Time of Change
For much of Mexico’s history, most Mexicans had little choice but to be farmers
Today, there are other jobs, but farming is still important

4. Farming in a Time of Change
Many farmers still work on ejidos (community farms) that were set up after the revolution

5. Reform
In 1991, new laws allowed farmers to vote to break up the ejidos into smaller farms owned by individuals
Do you think this was a good idea or a bad idea? Why?

6. The Growth of Business and Industry
In the 1990s, industry became a more important part of Mexico’s economy
Distribution – the process of moving products to their markets

7. The Growth of Factories and Trade
In the 1990s, the Mexican government also sold business it owned
They still control the Mexican oil industry

8. The Growth of Factories and Trade
Mexico participates in the North American Free Trade Agreement (NAFTA) with the U.S. and Canada

9. Mexico’s Rich Resources
Mexico produces more silver than any other country in the world
Oil is Mexico’s most important natural resource

10. Tourism Mexico’s second largest business is tourism
Tourism – the business of helping people travel on vacations

11. Tourism
Cancun – a popular tourist destination on the country’s southeastern coast
2.5 million people visit Cancun each year