Economy
Stockton is famous for its associations with the Stockton and Darlington Railway, which operated the world's first steam-hauled passenger train in 1825 and the town also has the world's oldest passenger railway station building. Major industries in Stockton have included ship building and repairing, heavy engineering as well as steel and chemicals manufacturing, however during the twentieth century the town's heavy industry declined dramatically, along with that of the surrounding Teesside area.
Read more about this topic: Stockton-on-Tees
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“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)
“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)