The economy of Texas is one of the largest and most rapidly growing economies in the United States. As of 2011, Texas is home to six of the top 50 companies on the Fortune 500 list and 51 overall, (third most after New York and California). The Texas economy is the second largest in the nation and the 15th largest in the world based on GDP (nominal) figures. As the largest exporter of goods in the United States, Texas currently[when?] grosses more than $100 billion a year in trade with other nations.
In 2011, Texas had a gross state product of $1.332 trillion, the second highest in the U.S. Texas's household income was $48,259 in 2010 ranking 25th in the nation, below the national average, though the ranking does not factor in the state's lower-than-average cost of living.[citation needed]
Historically four major business enterprises shaped the Texas economy prior to World War II: cattle and bison, cotton, timber, and oil. The first enterprise to enjoy major success in Texas was cattle and bison. In the early days of Anglo-American settlement furs and hides were the major products derived from cattle. Beef was not particularly popular in the United States. However soon Texas entrepreneurs pioneered the beef industry and demand steadily increased. The cattle industry enjoyed its greatest financial success in the later 1870s and 1880s.
Texas (i/ˈtɛksəs/) (Alibamu: Teksi ) is the second most populous and the second most extensive of the 50 United States, and the most extensive state of the 48 contiguous United States. The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in East Texas. Located in the South Central United States, Texas shares an international border with the Mexican states of Chihuahua, Coahuila, Nuevo León, and Tamaulipas to the south, and borders the US states of New Mexico to the west, Oklahoma to the north, Arkansas to the northeast, and Louisiana to the east. Texas has an area of 268,820 square miles (696,200 km2), and a growing population of 25.7 million residents.
During the Spanish colonial rule, the area was officially known as the Nuevo Reino de Filipinas: La Provincia de Texas. Antonio Margil de Jesús was known to be the first person to use the name in a letter to the Viceroy of Mexico in July 20, 1716. The name was not popularly used in daily speech but often appeared in legal documents until the end of the 1800s.
Louis Carl "Lou" Dobbs (born September 24, 1945) is an American journalist, radio host, television host on the Fox Business Network, and author. He anchored CNN's Lou Dobbs Tonight until November 2009 when he announced on the air that he would leave the 24-hour cable news television network.
He was born in Texas and lived there and in Idaho during his childhood. After graduating from Harvard University, Dobbs worked in government and banking before becoming a news reporter for several local media outlets. He had worked with CNN since its founding in 1980, serving as a reporter and vice president. He was the host and managing editor for CNN's Moneyline, which premiered in 1980 and was renamed Lou Dobbs Tonight in 2003. Dobbs resigned from CNN in 1999, rejoined in 2000, and resigned again in November 2009. He also hosts a syndicated radio show, Lou Dobbs Radio and has written several books since 2001.
Dobbs describes himself as an "independent populist" and is known for his opposition to NAFTA and support for immigration enforcement. For his reporting, he has won Emmy, Peabody, and Cable ACE awards.
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Pres Obama Declares The Economy Is Poised For Progress Learning From Texas - Lou Dobbs Chaulk Talk
WHY TEXAS WILL SURVIVE THE COLLAPSE OF THE WORLD ECONOMY.
What Will Happen With The Texas Economy In 2015?
China Economy Falters, U.S. Attacks Cryptocurrency, Texas Sound Money Law
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Houston has fastest growing economy in the US
Texas, Economy, and Gun Laws
Republic of Texas (RT Documentary)
Cullen/Frost CEO: Booming Texas Economy Boosting Local Banks
Texas' Economic Success
Oil and Gas Production in Texas: Balancing a strong economy with environmental protection
EXPOSED: Pentagon Training To Takeover Texas!!
TCDRS Economic Impact — updated
ISIS attacks Texas and the U.S. ECONOMY SOARS HIGHER
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