California Economics (Final) by Bernice Sanchez https://padlet.com/bernicesanchez944/u65wd2haaybg Bernice Sanchez P. 3 en-us 2018-06-06 17:11:38 UTC 2026-02-28 03:42:23 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Growing.png California's Economy Became 5th Largest in the World bernicesanchez944 https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266169082 In the past 7 weeks, California's Economy has boomed since the month of May. It has surpassed the United Kingdom and their economy. California's new economic data puts them at $2.747  trillion dollars which is bigger than most nations. With such big numbers, it ranks California at 5th in the world, just passing the U.K who is on $2.625. This difference is outstanding because the United Kingdom is more heavily populated than California. California's economy grew by 3.4% in the past year. There are only 3 states that made the top 15 in the world's largest economy. With California being in 5th, Texas in 11th and New York in 13th. California has to thank its technology, entertainment and agriculture industries for its big boom. ]]> 2018-06-07 17:56:29 UTC https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266169082 Qoutes bernicesanchez944 https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266330670 "California's economy has surpassed that of the United Kingdom to become the world's fifth largest, according to new federal data made public Friday."  - Gary Coronado / Los Angeles Times

"California's economy is so large, and has grown so quickly, that it is now the fifth-biggest in the world all by itself, according to US government data." - Kieran Corcoran / Business Insider ]]> 2018-06-08 15:22:51 UTC https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266330670 5 W's bernicesanchez944 https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266331587 What- California's Economy has grown by 3.4%, passing up the United Kingdom.
When- This has been going on since the month of May 2018.
Where- This is going on in the United States and in California.
Why- They have been growing so the state can make money out of what they giving to gain the money.
Who- It is California's Economy and other nations that are involved. ]]> 2018-06-08 15:29:00 UTC https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266331587 The Great Recession bernicesanchez944 https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266333347 The Great Recession happened back in 2007 when George W. Bush was President. The Great Recession was a period of general economic decline in world markets during the late 2000s and early 2010s. It affected the United States financially. It took years to recover. California's housing market collapsed during the recession. The homes declined by more than 30%. it made it difficult for owners and buyers to qualify for new credit. The unemployment rate was about 12.4% which represented a two fold increases in the state unemployment rate. The national average unemployment rate is 10.1 ]]> 2018-06-08 15:41:12 UTC https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266333347 Qoutes bernicesanchez944 https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266338392 “The younger generation was especially damaged by this cycle of events and some of them may have been permanently dislodged to the status of renters." - Dowell Myers / Director of the USC Population Dynamics Research Group]]> 2018-06-08 16:16:30 UTC https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266338392 Data Remains to Look Positive bernicesanchez944 https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266339821 The development in the past 16 has been tremendous. California's Index showed modest gain in March. This series remains positive and consistent with an ongoing economic expansion for California this year. The state added a net 39,200 jobs in April building up some growth for the California economy heading to the second half of 2018. ]]> 2018-06-08 16:25:32 UTC https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266339821 bernicesanchez944 https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266341063 2018-06-08 16:35:27 UTC https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266341063 bernicesanchez944 https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266341429 2018-06-08 16:37:56 UTC https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266341429 It's looking good... bernicesanchez944 https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266341780 Since the Great Recession, California's Economy has boomed since 2007. The technology in California has made a great impact in the economy. The Salad Bowl, agriculture industries, also made a contribution to the economy and lastly the entertainment industries. California has been gaining money from these three contributors but there is one problem. The housing crisis. Economists believe that California could go into another financial problem if that isn't resolved in some way. ]]> 2018-06-08 16:39:58 UTC https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266341780 I predict... bernicesanchez944 https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266343228 I predict that California's Economy will continue to grow as the years pass as long as they are smart with where they are putting the money, how they are spending it and how they are receiving it. I think job opportunities will continue to grow in the tech world and t=pay salaries will increasing. Hopefully the housing crisis will recover. ]]> 2018-06-08 16:51:24 UTC https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266343228 Bibliography bernicesanchez944 https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266943117 Bibliography 



Corcoran, Kieran. “California's Economy Is Now the 5th-Biggest in the World, and Has Overtaken the United Kingdom.” Business Insider, Business Insider, 5 May 2018, www.businessinsider.com/california-economy-ranks-5th-in-the-world-beating-the-uk-2018-5.


“California GDP.” Department of Numbers, www.deptofnumbers.com/gdp/california/.

 
History.com Staff. “California.” History.com, A&E Television Networks, 2009, www.history.com/topics/us-states/california.


Dougherty, Conor. “Boom and Gloom: An Economic Warning for California.” The New York Times, The New York Times, 13 Feb. 2018, www.nytimes.com/2018/02/13/business/economy/california-recession.html.


]]> 2018-06-13 04:18:00 UTC https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266943117 Write-up bernicesanchez944 https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266943134 Research Write-up

California Economics is what keeps track of California’s money of how they recieve it, spend it, and save it. It is important to the United States because if one big industry stops making money, it can hurt California’s economy gravely. What can impact the economy positively is a big growth in the top three industries that is currently booming the economy which are entertainment, agriculture industries and  technology. 
A cause of my problem would be that people still struggle with house crisis, mostly in the bay area. This is caused by high paying jobs around the area. Some people are being affected by this because they can’t get the jobs they want, houses are too expensive, or they just don’t work for it. There has been solutions with things like getting a better education, helping to get or better credit to make it easier to buy houses and having a good background for jobs. 





]]> 2018-06-13 04:18:18 UTC https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266943134 Google Document bernicesanchez944 https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266943239 https://docs.google.com/document/d/1oKev2zlYKj4_T1Jxkff11uHAmcIMeFGvDaFYALpikt4/edit#]]> 2018-06-13 04:19:51 UTC https://padlet.com/bernicesanchez944/u65wd2haaybg/wish/266943239