Social Studies - 2019-20

WG.5 c - Economic Characteristics of US and Canada

The student will analyze the characteristics of the regions of the United States and Canada by

c) explaining important economic characteristics;  

Adopted: 2015

BIG IDEAS

Theme: Cooperation & Conflict (Location, Place, Human-Environment Interaction, Movement, Region)

How has the abundance of natural resources shaped the development of the United States and Canada?

UNDERSTANDING THE STANDARD

The United States and Canada have a wide variety of natural resources. 

The abundance of natural resources helped the United States and Canada develop diversified economies. 

ESSENTIALS

Economic characteristics 

  • Major exporters of technology, information systems, and foodstuff 
  • Highly developed infrastructures 
  • Highly diversified economies 
  • Rich supply of mineral, energy, and forest resources 
  • North American Free Trade Agreement (NAFTA) 
  • Multinational corporations 
  • A key center of world financial markets (New York Stock Exchange) 
  • Economic growth 
  • Disparity of income distribution 
  • Export of culture via the global marketplace (e.g., McDonald’s, Coca-Cola, entertainment, fashion) 
  • High literacy rate 
  • High standard of living 

Major natural resources 

  • Forestry 
  • Petroleum 
  • Minerals 
  • Fertile soil 
  • Water

KEY VOCABULARY

Updated: Jun 13, 2018