Economy
The International Nickel Company (now Vale) has long been one of the city's main employers, since the opening of a refinery in 1918. Taking advantage of inexpensive hydroelectricity from generating stations at nearby Niagara Falls, the refinery produced electro-refined nickel for the war effort, and grew to employ over 2,000 workers by the 1950s. Cutbacks in operations and increasing factory automation have reduced the workforce to its present day total of 190.
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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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)