Economy
Central Illinois has a diverse economy consisting of a variety of industries. Agriculture is the most significant industry in the region and ranges in scope from small farms to mass-production farms. Most counties in Central Illinois have an agriculture-based economy. Common crops grown are soybeans, corn, grain and the newly-emerging watermelon. County fairs and the Illinois State Fair help to promote agriculture in the region and also offer entertainment. The manufacturing industry is also significant. Caterpillar Inc. employs 4000 workers in the region and is headquartered in Peoria. The Illinois government in Springfield is also a major employer of people in the region. Popular tourist sites include the Lincoln Home National Historic Site, the Old State Capitol, and the Abraham Lincoln Presidential Library and Museum. Military makes up a smaller part of the economy, but used to be much larger until the closing of bases like Chanute Air Force Base.
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Famous quotes containing the word economy:
“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)
“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)
“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)