Modern Economic Problems - Economics Volume II by Frank Albert Fetter
page 20 of 580 (03%)
page 20 of 580 (03%)
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township to that of building an inter-oceanic canal, from the question
whether to have free public roads or toll roads to that of regulating the railroad rates on the whole railroad system of the country. ยง 11. #Raw materials for clothing, shelter, machinery, etc.# The farm lands supply, besides food, a large part of the raw materials for many other goods, such materials as cotton, flax, wool, hides, feathers, lumber, and firewood. The farm woodlots compose about 200,000,000 acres, and the large forests, public and private, about 350,000,000 acres, a total of about one-fourth the area of the country in forests, containing about one-half of the lumber that the country once possessed. The economic problem of a sound forestry policy is one of the largest we have to solve. The most important other sources of raw materials for industry are the mineral deposits in the earth's surface.[8] This country is stored more bountifully, probably, than is any other country, with the metal ores of iron, copper, lead, zinc, gold, and silver. Aluminum is the most abundant metal, composing about 8 per cent of the crust of the earth, but by present methods it can be extracted only at considerable cost from certain compounds that are limited in amount. The details as to our metal stores are too complex for fuller treatment here, and may be found in treatises on economic geology or on industrial geography. The determination of wise policies as to the use of these stores involves many economic problems, private and public. Another great class of material wealth is in the form of tools, machinery, and other agencies for carrying on the industrial processes of farming and of manufacturing. These are sometimes called instrumental goods, or the industrial equipment. Still another class |
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