Economy
Derbyshire is a mixture of a rural economy in the west, with a former coal mining economy in the northeast (Bolsover district), the Erewash Valley around Ilkeston and in the south around Swadlincote. The landscape varies from typical arable country in the flat lands to the south of Derby, to the hill farming of the high gritstone moorlands of the southern Pennines, which effectively begin to the north of the city. This topology and geology has had a fundamental effect on Derbyshire's development throughout its history. In addition it is rich in natural resources like lead, iron, coal, and limestone. The limestone outcrops in the central area led to the establishment of large quarries to supply the industries of the surrounding towns with lime for building and steel making, and latterly in the 20th century cement manufacture. The industrial revolution also increased demand for building stone, and in the late 19th & early 20th century the railways' arrival led to a large number of stone quarries to exploit the natural resources of the area. This industry has left its mark on the countryside but is still a major industry: a lot of the stone is supplied as crushed stone for road building and concrete manufacture, and is moved by rail. The Limestone areas of central Derbyshire were found to contain veins of lead ore, and these were mined from Roman times.
Its remoteness in the late 18th century and an abundance of fast-flowing streams led to a proliferation of water power at the beginning of the Industrial Revolution, following the mills pioneered by Richard Arkwright. For this reason, among others, Derbyshire has been said to be the home of the Industrial Revolution, and part of the Derwent Valley has been given World Heritage status.
Nationally famous companies in Derbyshire are Rolls Royce, one of the world's leading aerospace companies, based since before World War I in Derby, Thorntons just south of Alfreton and Toyota, who have one of the UK's largest car manufacturing plants at Burnaston. Ashbourne Water used to be bottled in Buxton by Nestlé Waters UK until 2006 and Buxton Water still is.
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Famous quotes containing the word economy:
“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)
“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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)