Commercialization of Taconite

Though taconite was identified as an iron-bearing rock on the Iron Ranges of northern Minnesota long before the 1950s, it wasn’t until then that it was extracted, processed, and shipped to steel mills on the Great Lakes. As natural ore reserves diminished, taconite became an alternative source of iron that allowed the Iron Range to continue mining operations in a changing global economy.

Comstock, Solomon G. (1842–1933)

Solomon Comstock earned his law degree from the University of Michigan in 1869 but worked with railroads when prospects of finding a job in his chosen career path seemed dim. In Moorhead, he began a law partnership and traded in real estate with the Northwest Land Company. In the 1880s, he worked with James J. Hill’s Northern Pacific Railway to plat townships across Minnesota.

Coney Island of the West, 1884–1960

The history of Coney Island as a resort begins when Josephine Hassenstab sold the 31.85-acre island to Lambert Naegele in March, 1884, for $5,200. While Waconia already had several hotels such as the North Star, Lake House, and the Sherman House, the Coney Island Hotel and its resort became the most popular of all of Waconia's hotels and contributed to the town's status as a favorite summer resort.

Congdon, Chester A. (1853–1916)

Chester Adgate Congdon accrued a fortune working as a lawyer for the Oliver Iron Mining Companyy and through investments in the Mesabi Iron Range. He also served as a Minnesota State Representative from 1909 to 1913.

Coon Rapids Hydroelectric Dam

Between 1913 and 1914 the Coon Rapids hydroelectric dam was constructed with the intent to provide power to Anoka County. The dam was shut down in 1966 after becoming too expensive to operate. It later became part of Minnesota’s environmental control program.

Crex Carpet Company

From 1898 to the early 1930s, St. Paul was the center of a national home furnishings industry based on wire grass, a plant that grew wild in the peat bogs of Minnesota and Wisconsin.

Custom Dressmaking, 1880–1920

Throughout the nineteenth century, custom dressmaking was one of the few socially acceptable professions for women of multiple ages and classes, including immigrants, young farm girls, wives, and widows. Dressmaking establishments—run and staffed primarily by women—provided creative labor, living wages, and career advancement opportunities for businesswomen and skilled workers alike.

Cuyuna Iron Range

The Cuyuna Iron Range is a former North American iron-mining district about ninety miles west of Duluth in central Minnesota. Iron mining in the district, the furthest south and west of Minnesota’s iron ranges, began in 1907. During World War I and World War II, the district mined manganese-rich iron ores to harden the steel used in wartime production. After mining peaked in 1953, the district began to focus on non-iron-mining activities in order to remain economically viable.

Dan Patch

Sired by a champion pacer and born in 1896, Dan Patch was bred to be a racehorse. At first glance, though, his chances didn't look too good. He had long legs, knobby knees, and worst of all, a sweet disposition—not considered an asset in the hypercompetitive world of harness racing.

Dayton’s

Dayton’s began as a single store at Seventh Street and Nicollet Avenue in Minneapolis in 1902. When the last Dayton family member retired from leadership in 1983, the company had stores nationwide and profits of over $240 million. It became Target Corporation in 2000.

De la Barre, William (1849–1936)

While working at Minneapolis's Washburn mills in the late 1870s, William de la Barre became an internationally known hydroelectricity expert and a key player in the development of water power at St. Anthony Falls.

Destruction of Bois Forte Ojibwe Homeland, 1891–1929

From 1890 to 1910, timber speculators and lumbermen patented most of the valuable pine lands in north-central Minnesota—the homeland of the Bois Forte Ojibwe. By the 1920s, dams and deforestation had so damaged the landscape that it could no longer support the tribe’s subsistence economy, and its members were forced onto their reservation at Nett Lake.

Donaldson’s

Donaldson’s, also known as William Donaldson and Company and L. S. Donaldson’s, was a Minneapolis department store located on Nicollet Avenue and Sixth Street. Started by two immigrant brothers, the company grew to be one of the major retail chains in the Twin Cities, rivaling Dayton’s for much of the twentieth century.

Duluth Ship Canal Opening, 1871

The opening of the Duluth Ship Canal in 1871 was a historical turning point for the city of Duluth and the Twin Ports of Duluth and Superior.

Duluth, Missabe and Iron Range Railway

The Duluth, Missabe and Iron Range Railway (DM&IR) was a small railroad that hauled iron ore and taconite from the mines of northern Minnesota’s Mesabi and Vermilion Iron Ranges to docks on Lake Superior at Duluth and Two Harbors. It operated in northern Minnesota and Wisconsin.

Duluth, Winnipeg and Pacific Railway

The Duluth, Winnipeg and Pacific Railway (DW&P) was a Minnesota railroad that operated between International Falls and Duluth. It connected to the Canadian National at International Falls and to the Northern Pacific at Duluth. As a subsidiary of the Canadian National for almost all of the twentieth century, it moved freight along an artery between the Canadian West and the American Midwest through Minnesota.

Ecolab, Inc.

Ecolab, Inc., is a public company that provides hygiene, water, and energy products and services. It was founded in 1923 as Economics Laboratory in St. Paul. By 2017, it employed 38,000 workers in over 170 countries, served customers in more than 1.3 million locations, and reported annual sales of $13 billion. It counted among its employees 1,600 scientists and held 6,300 patents.

Egekvist Bakeries, 1906–1962

From 1906 to the 1960s, Danish-born brothers Valdemar and Soren Egekvist built a model of immigrant enterprise. They applied Old World skills in a New World economy. Their chain of Minneapolis bakery stores ultimately led to nationally distributed baked goods.

HOW THE ECONOMY HAS SHAPED THE STATE

Exchange, Industry, and Adaptation: Economics in Minnesota

The economy of Minnesota has changed dramatically over hundreds of years. In that time, it has shifted away from natural resource development and the production of agricultural products and evolved into a broad-based system built on a foundation of natural resources, physical capital, and human ingenuity.

Faribault Woolen Mill Company

The Faribault Woolen Mill Company has statewide significance as one of the largest and oldest fully integrated woolen mills in Minnesota. The mill started as a small family-owned business in the nineteenth century and grew to become the largest and longest-surviving woolen mill in the state.

Farm Crisis, 1979–1987

Minnesota’s farmers enjoyed an economic boom in the 1970s. Land values soared, United States exports of agricultural products grew, and farmers gained access to easy credit to expand their operations. When the 1980s brought a sharp decline in exports and land values, rising production costs, and higher interest rates on loans, many farmers found themselves in serious financial trouble. The farm crisis of the 1980s caused many farm foreclosures and bankruptcies—the worst economic conditions the agricultural sector had seen since the Great Depression.

Financial Panic of 1857

Minnesota Territory experienced a boom period starting in 1855. Industry flourished region-wide and companies amassed incredible wealth. The Financial Panic of 1857 brought the good times to a halt and interrupted the growth of the fledgling state.

Fort St. Louis (Fond du Lac)

From 1615 until 1821, Lake Superior was known as "the Great Crossroads" of the western fur trade. The north shore of the lake harbored the major water routes to the western interior of North America. The British inherited the Lake Superior region from the French after the French and Indian War. In the later decades of the eighteenth century, the British North West Company controlled the Lake Superior fur trade. The North West Company was founded in 1779 by Scottish businessmen in Montreal.

Foshay Tower

Since 1929, the Foshay Tower has been a vital part of the Minneapolis skyline. When it was built, the thirty-two-story tower was the tallest building between Chicago and the West Coast. In the 1970s and 1980s, much taller skyscrapers were built, but the attractive Foshay Tower remained a crowning glory of Minnesota architecture.

Foshay, Wilbur (1881–1957)

In 1932, singer Bing Crosby had a major hit with his recording of E. Y. Harburg and Jay Gorney's song "Brother, Can You Spare a Dime?" Its lyrics could have been the story of Wilbur B. Foshay: "Once I built a tower up to the sun/ brick and rivet and lime/ Once I built a tower, now it's done/ Brother, can you spare a dime?" Foshay built a fortune, built a tower in Minneapolis—and then lost it all in the stock market crash of 1929.

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