Economy
Streator's economic history has been tied with its natural resources. Coal was the initial catalyst of the city's economy from 1866 until the late 1920s. As the community matured, silica deposits provided the resource for Streator's next industry leader: glass-container manufacturing. While the coal industry eventually died, glass manufacturing remains a presence in Streator. Agriculture and related agri-business in the farmlands of LaSalle County and nearby Livingston County are also a strong influence in Streator's economic engine. Though manufacturing provides the greatest share of earnings, the service industry now accounts for the largest share of jobs.
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Famous quotes containing the word economy:
“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)
“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)
“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)