Describe how the past economic growth of Texas has affected its present economic and publiic policy
What will be an ideal response?
Answer:
A. Past economic focus has been extractive and focused on cattle, cotton and crude oil
1. Abundance of cattle and increased demand helped provide Texas an economic recovery from Civil War
2. Developing agriculture crops began to overtake lands previously used by ranchers
3. Discovery of oil and the demand from growing automobile and railroad industry created major shift in focus of Texas economy to mainly oil and oil production
B. Due to oil boom, Texas shifted from land based economy to manufacturing
1. Filled many military defense contracts
2. Focused on petroleum-based products such as plastics and synthetic rubber
3. Steel production and metal smelting
4. Electronic manufacturing: Texas instruments
C. Growth of service sector
1. Collapse of oil industry and decrease of military spending
2. Growth of jobs and income in wholesale trade and business services
3. Entertainment industry such as film-making
4. Growth of tourism
5. Job growth in service-related industry
D. Recovery after Recession
1. Rebuilding confidence in economy
2. Redirection and revitalization of the economy
3. Build strong educational infrastructure but Texans resistance to governmental involvement is problematic
You might also like to view...
The now-abolished ____ obligated broadcasters to discuss public issues and to provide equal coverage of all opinions on those issues.
a. fairness doctrine b. reasonable access rule c. equal opportunities rule d. free exercise rule e. equal time rule
What is the doctrine of dual federalism?
A. The function of government is determined by the people. B. The federal government has more functions than the state governments. C. The state governments have more functions than the federal government. D. The state and federal governments have identical functions. E. The state and federal governments have separate functions.