The Economic Aspect of GeologyLeith, C. K. (Charles Kenneth)
Science
The Economic Aspect of Geology
Leith, C. K. (Charles Kenneth)
Geology, Economic
Again the perspective is changed when the value of water resources is
considered. As a physiologically indispensable resource, the value of
water in one sense is infinite. There is no way of putting an accurate
value on the total annual output used for drinking and domestic
purposes,--although even here some notion of the magnitude of the
figures involved may be obtained by considering the average per capita
cost of water in cities where figures are kept, and multiplying this
into the world population. This calculation would not imply that any
such amount is actually paid for water, because the local use of
springs, wells, and streams can hardly be figured on a cash basis; but,
if human effort the world over in securing the necessary water is about
as efficient as in the average American city, the figures would indicate
the total money equivalent of this effort.
SIGNIFICANCE OF GEOGRAPHIC DISTRIBUTION OF MINERAL PRODUCTION
The remarkable concentration of the world's mining and smelting around
the North Atlantic basin, indicated by the foregoing figures, does not
mean that nature has concentrated the mineral deposits here to this
extent. It is an expression rather of the localized application of
energy to mineral resources by the people of this part of the world. The
application of the same amount of energy in other parts of the world
would essentially change the distribution of current mineral production.
The controlling factor is not the amount of minerals present in the
ground; this is known to be large in other parts of the world and more
will be found when necessary. Controlling factors must be looked for in
historical, ethnological, and environmental conditions. This subject is
further discussed in the chapters on the several resources, and
particularly in relation to iron and steel.
THE INCREASING RATE OF PRODUCTION
The extraction of mineral resources on the huge scale above indicated is
of comparatively recent date.
From 1880 to the end of 1918 the value of the annual mineral production
of the United States has increased from $367,000,000 to more than
$5,500,000,000, or nearly fifteen times; measured in another way, it has
increased from a little over $7 per capita to more than $52.[10]
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account