You will need to complete the student handout as the PowerPoint is discussed. Student instructions...
-
Upload
virgil-patrick-mcdonald -
Category
Documents
-
view
229 -
download
5
Transcript of You will need to complete the student handout as the PowerPoint is discussed. Student instructions...
![Page 1: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/1.jpg)
![Page 2: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/2.jpg)
You will need to complete the student handout as the PowerPoint is discussed. Student instructions
will always be in black.
You will need to complete the student handout as the PowerPoint is discussed. Student instructions
will always be in black.
You will be introduced to several economic terms throughout this
PowerPoint. Write the definitions of key economic terms on your
student handout. Economic terms that need to be defined are in red.
You will be introduced to several economic terms throughout this
PowerPoint. Write the definitions of key economic terms on your
student handout. Economic terms that need to be defined are in red.
![Page 3: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/3.jpg)
Cattle, Cotton, and Crude
Cattle, Cotton, and Crude
Beef, Bales, and Black Gold
Beef, Bales, and Black Gold
The legs, fiber, and grease of
the Texas economy.
The legs, fiber, and grease of
the Texas economy.
![Page 4: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/4.jpg)
What are we talking about when we speak of the economy?
What are we talking about when we speak of the economy?
The economy is the wealth and resources of a
nation and how they are
managed.
The economy is the wealth and resources of a
nation and how they are
managed.
In the U.S. and in Texas, we have a free enterprise or market economy. In the U.S. and in Texas, we have a free enterprise or market economy.
![Page 5: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/5.jpg)
In a free enterprise economy individuals have the right to own businesses and to make
money with limited government interference.
In a free enterprise economy individuals have the right to own businesses and to make
money with limited government interference.
Simply stated, you are free to buy what you want, sell what
you want, make what you want, and provide any service
you want with very few restrictions.
Simply stated, you are free to buy what you want, sell what
you want, make what you want, and provide any service
you want with very few restrictions.
![Page 6: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/6.jpg)
Imagine that you are an
entrepreneur, or a
risk-taking business person.
Imagine that you are an
entrepreneur, or a
risk-taking business person.
![Page 7: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/7.jpg)
You have capital that you would like to invest in a business. Capital is
the...
You have capital that you would like to invest in a business. Capital is
the...
or moneyor money
equipment,equipment,
factories,factories,
used to produce goods or services.used to produce goods or services.
![Page 8: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/8.jpg)
You want to invest your
capital wisely so that you make a
profit, or make
money.
You want to invest your
capital wisely so that you make a
profit, or make
money.
![Page 9: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/9.jpg)
In the box on the student handout, list three businesses in Texas where
you would invest your capital.
In the box on the student handout, list three businesses in Texas where
you would invest your capital.
For each business, write one or two sentences explaining why you chose
that business.
For each business, write one or two sentences explaining why you chose
that business.
![Page 10: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/10.jpg)
Some of you may have invested in businesses that have historically
been important in the Texas economy
such as ...
Some of you may have invested in businesses that have historically
been important in the Texas economy
such as ...
cottoncottoncattlecattle
oiloil
![Page 11: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/11.jpg)
Historically, the Texas economy has fallen into two categories:
Historically, the Texas economy has fallen into two categories:
Agribusiness - business related to the production, processing, and
distribution of agricultural products
Agribusiness - business related to the production, processing, and
distribution of agricultural products
![Page 12: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/12.jpg)
Petroleum Industry - the production and distribution of oil and natural
gas
Petroleum Industry - the production and distribution of oil and natural
gas
![Page 13: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/13.jpg)
The agribusiness and petroleum industries have been good to Texas,
but these businesses can be risky because they are greatly affected by a boom/bust cycle in the economy.
The agribusiness and petroleum industries have been good to Texas,
but these businesses can be risky because they are greatly affected by a boom/bust cycle in the economy.
BoomBoom BoomBoom
Bust Bust
![Page 14: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/14.jpg)
Simply put, when things
are good they are great,
but when they are bad, they are terrible.
A boom/bust economy is one that has a cycle of intense highs and
lows.
A boom/bust economy is one that has a cycle of intense highs and
lows.
![Page 15: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/15.jpg)
When the economy is
booming, the prices of cattle,
crops, and oil are high, thus
bringing profit to Texas.
When the economy is
booming, the prices of cattle,
crops, and oil are high, thus
bringing profit to Texas. When the
economy is in a bust cycle,
prices are low and small profits are
made.
When the economy is in a bust cycle,
prices are low and small profits are
made.
![Page 16: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/16.jpg)
Many years ago Texan
entrepreneurs realized that an economy based on businesses
that are greatly affected by the boom/bust cycle would not be the
best for our state’s economy.
Many years ago Texan
entrepreneurs realized that an economy based on businesses
that are greatly affected by the boom/bust cycle would not be the
best for our state’s economy.
![Page 17: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/17.jpg)
Diversification, or increasing the
variety of products, has been key to a
strong Texas economy.
Diversification, or increasing the
variety of products, has been key to a
strong Texas economy.
Texas has a very strong economy
today because we have diverse industries.
Texas has a very strong economy
today because we have diverse industries.
![Page 18: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/18.jpg)
The next slides are on the modern Texas economy. List these
industries in the “Texas Industries Today” section of your student
worksheet.
The next slides are on the modern Texas economy. List these
industries in the “Texas Industries Today” section of your student
worksheet.
Agribusiness and the petroleum Agribusiness and the petroleum industry are still strong in Texas industry are still strong in Texas
today, but we have developed the today, but we have developed the following industries as well:following industries as well:
Agribusiness and the petroleum Agribusiness and the petroleum industry are still strong in Texas industry are still strong in Texas
today, but we have developed the today, but we have developed the following industries as well:following industries as well:
![Page 19: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/19.jpg)
PetrochemicalPetrochemical IndustryIndustryPetrochemicalPetrochemical IndustryIndustry
Petrochemicals are chemicals or products made from petroleum or
natural gas such as
Petrochemicals are chemicals or products made from petroleum or
natural gas such as
plastics
plastics
cosmetics
cosmetics
rubber
rubber
synthetic fibers
synthetic fibers
![Page 20: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/20.jpg)
Computer / ElectronicsComputer / Electronics IndustryIndustry
Computer / ElectronicsComputer / Electronics IndustryIndustry
![Page 21: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/21.jpg)
Telecommunication Industry
Telecommunication Industry
![Page 22: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/22.jpg)
Aerospace Industry
Aerospace Industry
![Page 23: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/23.jpg)
Service IndustriesService Industries
medicinemedicine andand healthhealth carecare
medicinemedicine andand healthhealth carecare
bankingbanking andand financialfinancial
bankingbanking andand financialfinancial
educationeducationeducationeducation
![Page 24: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/24.jpg)
Real Estate Industry
Real Estate Industry
![Page 25: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/25.jpg)
Tourism IndustryTourism Industry
![Page 26: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/26.jpg)
These industries, coupled with our geography and abundant
natural resources, make Texas a very strong presence in the
global marketplace.
![Page 27: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/27.jpg)
What is important to remember about the
“Growth and Development” of
Texas?
What is important to remember about the
“Growth and Development” of
Texas?
What is the enduring
understanding?
What is the enduring
understanding?
![Page 28: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/28.jpg)
Texas’s strong standing in the world today originated from its
diverse leaders, geography and resources.
Texas’s strong standing in the world today originated from its
diverse leaders, geography and resources.
![Page 29: You will need to complete the student handout as the PowerPoint is discussed. Student instructions will always be in black. You will be introduced to.](https://reader035.fdocuments.in/reader035/viewer/2022062300/56649d925503460f94a7861e/html5/thumbnails/29.jpg)
We‘ve come a long way from We‘ve come a long way from
to to