Economy
Historically, the economy of the Panhandle depended mainly on farming, forestry and lumbering, paper mills, import/export shipping at Pensacola and to a lesser extent at Panama City, shipbuilding, and commercial fishing. After World War II, the economy was boosted by the numerous military bases established in the region, as well as the growth of tourism and the hospitality industry.
Major employers in the second half of the twentieth century included Monsanto and Westinghouse plants at Pensacola, the St. Joe Paper Company in Port St. Joe, and Gulf Power, a major electric utility company.
Unlike central and southern Florida, the Panhandle has never been a producer of citrus crops because the area is subject to regular frosts and freezes in wintertime, which destroy citrus fruits.
Read more about this topic: Florida Panhandle
Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)