Economy
There are two main centers of commerce for Southern Illinois. They consist of the of St. Louis, Missouri metropolitan area (home to approximately 2.8 million people), and the Carbondale, Marion, Herrin, Harrisburg area (home to approximately 245,000 people).
The main agricultural products of Southern Illinois are crops such as corn and soybeans. Apples, peaches, grapes, are commonly found throughout Southern Illinois as well as the occasional sunflower, cotton, wheat, hay, and milo fields. In recent years there has been development of wineries in the Shawnee Hills region. Additional growth has occurred with the local foods movement as Southern Illinois' climate allows for fruit and vegetable production. Southern Illinois is also the home to aquaculture, beef, swine, equine, sheep, goats, and other livestock production. Agricultural efforts in the region are greatly aided by a small University of Illinois Extension research station near Dixon Springs and extensive research from Southern Illinois University - Carbondale's College of Agricultural Sciences. SIUC is home to the state's only non-land grant research-focused university with an agricultural college which provides practical research to the scientific and agricultural communities both in Southern Illinois as well as the rest of the state and the broader region.
Southern Illinois also has significant coal deposits; however, since the late 1980s, the coal industry has suffered significant decline due to the decreased demand for high sulfur coal, which causes more pollution. The collapse of the coal industry has had profound and lasting impact on the region's economy.
The Illinois oil basin is located mostly in Little Egypt. During the early 1940s and 1950s, Little Egypt had a modest oil boom in towns such as Carmi, McLeansboro, and Lawrenceville. Oil production reached more than 140,000,000 barrels (22,000,000 m3) per year in the 1940s, but dropped to 10,000,000 barrels (1,600,000 m3) per year by 1995. Oil wells in the region have relatively low yield and produce oil with a high sulfur content, making it expensive to process. There has been no significant drilling activity in the basin since the late 1970s.
Manufacturing in Southern Illinois is typically clustered in the largest towns of each county, with the people of smaller towns and villages often commuting to work in the factories. Many of these towns have a number of light factories and other industrial facilities in their industrial parks. Products include industrial electronics, minor electrical items, automobile parts, and packaging materials. Related services include large-scale printing as well as transportation and distribution of warehoused materials and goods. A high percentage of local jobs are in these light industries.
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Famous quotes containing the word economy:
“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)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)