Anchorage's largest economic sectors
include transportation, military, municipal, state and federal government,
tourism, corporate headquarters (including regional headquarters for
multinational corporations) and resource extraction. Large portions of the
local economy depend on Anchorage's geographical location and surrounding
natural resources. Anchorage's economy traditionally has seen steady growth,
though not quite as rapid as many places in the lower 48 states. With the
notable exception of a real estate-related crash in the mid to late 1980s,
which saw the failure of numerous financial
