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:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)