Economic History
The coal and shipbuilding industry that once dominated the North East suffered a marked decline during the second half of the twentieth century. Tyneside is now re-inventing itself as an international centre of art, culture and, through The Centre For Life, scientific research, especially in stem cell technology. The Quayside and The Gate are popular areas for their nightlife. Sunderland suffered economic decline during the last century, but is now becoming an important area for quaternary industry, science and high technology. The economy of Teesside is largely based on the petrochemical and steel industries. Northumberland and County Durham are both largely rural, and base much of their economies on farming and tourism.
In May 2005, the "Passionate people. Passionate places." regional image campaign was launched to promote North East England as a great place in which to work, study, visit and invest.
The friction match was invented in Stockton-on-Tees in 1826 by John Walker.
Read more about this topic: North East England
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“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”
—Ernest Hemingway (1899–1961)
“The true theater of history is therefore the temperate zone.”
—Georg Wilhelm Friedrich Hegel (1770–1831)