In 1929 the Morton Salt Works Company purchased all the surrounding salt mines, and began the excavation of the salt dome underneath the town of Grand Saline. With the newly discovered abundance of salt there were plenty of jobs to go around as The Great Depression began to settle upon the market. By the year 1945 there were 950 people employed by the mine in Grand Saline, and that number doesn’t include the transportation jobs that were created by the mine either. The added income in town from the jobs created allowed for the local prices to fluctuate without dropping as far as they had elsewhere. Elsewhere the price of goods were beginning to drop due to the lack of buyers. The cost of coffee in Indiana during the time period was $0.19
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In a town that has a large agricultural economy, Emory suffered a 12.5% decrease in population. In Grand Saline the population still fluctuated some, but there were both an increase and a decrease. From 1920 to 1930 the population took on a 17.8% increase in population heading into The Great Depression. This information seems to highlight that the population began to rise as Morton Salt started to make its imprint on the town. From 1930 to 1940 the population witnessed an 8.7% decrease in population. This is right around the time that most cotton farmers would be suffering there largest losses, and would begin to relocate to larger cities to find work. This goes to show that though the salt mine was a large aid in the economy, it could not stop all the effects of The Great …show more content…
This event consisted up of a town gathering, food, music and other entertaining activities. This festival was a bright weekend for everyone in the town, because people from all over the county would come. The increased crowd would buy goods and food while they were in town, which helped fuel the local economy. Since the original festivals there was a long period in which the festival did not take place, but in 1974 it was brought back and named the Salt Festival. It has now been going for forty-one years straight and every year there is live music, a rodeo, and a larger crowd. It is another way that Morton Salt helped the economy during the time period and even today.
Good news for the town of Grand Saline is that Morton Salt had a private investigation done to discover just how much salt was in the dome. In the investigation the company was told that if every other mine in the world quit producing salt, the mine in Grand Saline would be able to supply the entire world for two years. It also said that the mine has enough salt to continue mining at the same pace that it is today for the next 20,000 years without the salt dome being completely exhausted. The results of this investigation ensured that the boost to the town economy from the salt mine will not go away any time
In a town that has a large agricultural economy, Emory suffered a 12.5% decrease in population. In Grand Saline the population still fluctuated some, but there were both an increase and a decrease. From 1920 to 1930 the population took on a 17.8% increase in population heading into The Great Depression. This information seems to highlight that the population began to rise as Morton Salt started to make its imprint on the town. From 1930 to 1940 the population witnessed an 8.7% decrease in population. This is right around the time that most cotton farmers would be suffering there largest losses, and would begin to relocate to larger cities to find work. This goes to show that though the salt mine was a large aid in the economy, it could not stop all the effects of The Great …show more content…
This event consisted up of a town gathering, food, music and other entertaining activities. This festival was a bright weekend for everyone in the town, because people from all over the county would come. The increased crowd would buy goods and food while they were in town, which helped fuel the local economy. Since the original festivals there was a long period in which the festival did not take place, but in 1974 it was brought back and named the Salt Festival. It has now been going for forty-one years straight and every year there is live music, a rodeo, and a larger crowd. It is another way that Morton Salt helped the economy during the time period and even today.
Good news for the town of Grand Saline is that Morton Salt had a private investigation done to discover just how much salt was in the dome. In the investigation the company was told that if every other mine in the world quit producing salt, the mine in Grand Saline would be able to supply the entire world for two years. It also said that the mine has enough salt to continue mining at the same pace that it is today for the next 20,000 years without the salt dome being completely exhausted. The results of this investigation ensured that the boost to the town economy from the salt mine will not go away any time