Word: regionals
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...economic expansion in the South averaged 4.4% annually, v. 3.4% for the U.S. as a whole. The main thrust at first came from an increase in manufacturing. Since 1970, however, service industries, such as banking, real estate and retail trade, have been the fastest growing. They now provide the region with 54% of its gross product, up from...
...importance. In 1960 it accounted for 6.2% of the area's output of goods and services; now it is down to 2.8%. Unable to compete with large farms, many small growers have been driven off the land. Between 1940 and 1970, the number of farms in the region was halved, to 1.1 million. Abandoned farmhouses-porches fallen in, chimneys hidden by vines, bushes protruding from windows-are a not uncommon sight...
Still, as Southerners well know, the region's economic future lies in manufacturing and services. Change was discernible as far back as World War II, but the South's surge toward industrialization did not become dramatically apparent until the mid-'60s. About that time a growing number of Northern manufacturers started building plants there to serve the huge buildup of relatively well-off consumers moving into Florida From 1970 to 1975, every industry except mining showed a faster growth rate in the South than nationally...
...most impressive aspect of this rapid industrialization is its variety. Huge textile mills and wood-products plants have long played a key role in the development of the region, and they still do. But recently a host of newcomers, including many well-known corporate giants and some leading foreign firms, have set up shop below the Mason-Dixon line. General Tire built a major tiremaking facility in Charlotte. N.C. Allis-Chalmers moved an electronic-components factory into the New Orleans area. The world's biggest zipper maker, Japanese-owned Y.K.K., has given the Macon, Ga., economy a lift...
Willing Workers. The strongest draw is the region's willing workers, who, in general, still respect authority, and, out of fear or conviction, are loath to join unions (see story on page 75). Says Yardley President William Hunt, who moved the cosmetic firm's headquarters from New Jersey to Atlanta in July: "Our employees here seem genuinely glad to have...