What is an economic feature of the West Coast?

What is an economic feature of the West Coast?

The West Coast Economy The West Coast has at least one other big advantage: It’s the gateway to international trade. California and Washington both have major ports for trade between the U.S. and Asia that support the exchange of goods, dominated by American agricultural products and Asian manufactured products.

Is the East or West Coast richer?

The east coast of the United States is much more rich in history than the west coast. In general, the east coast has more history due to it is where America was founded. Not only that but many of the cities on the east coast are extremely historical including Washington D.C. and Philadelphia.

What is the economy in the West?

During the Gold Rush days, farming and mining were the West Region’s major industries. Other businesses began as more people moved into the region. Today, farming and mining are still done. You will also find manufacturing, technology, and tourism in the region.

Why is the West region so important?

No longer merely a land of “wide, open spaces,” cattle, mines, and mountains, the West has become famous for other things: for example, the motion-picture industry in southern California, gambling in Nevada, aerospace production in Washington and California, environmental protection in Oregon, and retirement …

Why is the West Coast so expensive?

Strong economic growth and job creation are two main drivers of price increases. As good jobs bring new residents to a city, the strong demand for housing pushes prices up. Many markets on the West Coast have the trifecta right now.

What does the South contribute to the economy?

With cash crops of tobacco, cotton and sugar cane, America’s southern states became the economic engine of the burgeoning nation. Their fuel of choice? Human slavery. If the Confederacy had been a separate nation, it would have ranked as the fourth richest in the world at the start of the Civil War.

What kind of economy does the west coast have?

The West Coast Economy. California, Oregon and Washington have the major ports for trade between the United States and Asia that support the exchange of goods ranging from American agricultural products to Asian manufactured products. As Asian economies continue to develop and participate more in the global economy,…

What makes the west coast different from the east coast?

Like the East Coast, the West Coast boasts several large, dominant industries. The West Coast is the gatekeeper for international trade. California, Oregon and Washington have the major ports for trade between the United States and Asia that support the exchange of goods ranging from American agricultural products to Asian manufactured products.

Which is the largest economy on the east coast?

The East Coast Economy. Cities such as New York, Boston, and Washington DC dominate many of the businesses that drive this region’s economy, the largest being the U.S. federal government. In addition, the country’s substantial finance/banking center is primarily on the East Coast. The largest stock exchange, the New York Stock Exchange,…

Why is there no economic growth in West Africa?

Essentially, West Africa’s farmers and firms produce and trade in highly localized markets and do not achieve the sufficient economies of scale required to attract broad-based investment that could accelerate growth and reduce poverty.