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Economics - PowerPoint PPT Presentation


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Economics. Thoughts of prosperity for small tow with high u nemployment Mine was backed by government funding Promise of over 250 jobs for the next 15 years Introduction of mine would have positive effects on surrounding industries. Economics Con’t.

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economics
Economics
  • Thoughts of prosperity for small tow with high unemployment
  • Mine was backed by government funding
  • Promise of over 250 jobs for the next 15 years
  • Introduction of mine would have positive effects on surrounding industries
economics con t
Economics Con’t
  • Curragh Inc. did not keep up with production and quickly began to fall in debt
  • After explosion company went bankrupt
  • Huge multimillion dollar loans put in place by government could not be paid off
  • 8 months after the mine opened the town was left worse off