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.
Read more about this topic: Streator, Illinois
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“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)