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

- 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:
(1921) Trade Route from the World Ports to the Midland of North AmericaMLA: Trade Route from the World Ports to the Midland of North America. The American Institute of Mining, Metallurgical, and Petroleum Engineers, 1921.