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:
“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)
“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)
“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)