Trade Route from the World Ports to the Midland of North America

The American Institute of Mining, Metallurgical, and Petroleum Engineers
W. L. Saunders
Organization:
The American Institute of Mining, Metallurgical, and Petroleum Engineers
Pages:
4
File Size:
265 KB
Publication Date:
Jan 1, 1921

Abstract

THE world's greatest producing area is, geographically, in the midland region of North America about the Great Lakes. This area, with but one- third of the nation's population, produces, with the exception of tobacco and cotton, three-quarters of the principal staples. It provides the surplus or export grain, meats, dairy products, steel and leading minerals. The social and political condition of a nation is determined by its industrial efficiency, and the share of the commerce of the world obtained by a nation is fixed more by the economy of its transportation than by any other factor. It is an economic maxim that: The total cost is the cost of production plus transportation cost. The cost of carrying 1000 tons by water or 100 tons by rail is equal, over the same distance
Citation

APA: W. L. Saunders  (1921)  Trade Route from the World Ports to the Midland of North America

MLA: W. L. Saunders Trade Route from the World Ports to the Midland of North America. The American Institute of Mining, Metallurgical, and Petroleum Engineers, 1921.

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