US Economy

→ has the biggest and most developed economy in the world

→ very rich in raw materials (coal, copper, gold, iron, oil)
o soft gold, silver, platinum and petroleum = in Alaska
o petroleum and natural gas is produced in huge amounts in Texas, Oklahoma and in the Gulf of
Mexiko
o has one of the world's largest resources of coal, concentrated in the Appalachian mountains and
Lake Michigan
o main trading partners are Canada, Japan, Mexico, Great Britain and Germany

→ its leading country in agriculture

o the quality of soil in North America is excellent
o US produces the majority of the world's corn, soybeans, tomatoes, ganges, apples and
tobacco
o  in Hawaii = famous sugar cane and pineapple plantations

→ its also leading country in industry

o the main industrial items are manufacturing steel, car industry, electronics, machinery
and clothing
o Philadelphia = center of machinery and chemical industry
o Detroit = center of US car industry
o Aircraft industry, arms industry, engineering
The United States is the only advanced economy that does not guarantee its workers paid vacation
and is one of a few countries in the world without paid family leave as a legal right