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Economic Promise Turned Disaster: The Tale of a Small Town's Rise and Fall

Explore the economic rollercoaster of a small town with high unemployment, as a promising mine backed by government funding first brings hope of prosperity with the creation of over 250 jobs, only to end in bankruptcy and debt, leaving the town worse off within just 8 months.

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Economic Promise Turned Disaster: The Tale of a Small Town's Rise and Fall

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  1. 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

  2. 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

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