Regional Progress Quotes



The Mormon settlement of the West has, from an economic development point of view, produced a successful model that few have ever even approached. Using techniques that ranged from classic capitalism to classic socialism, they blended both systems into a unique structure of their own. The results were spectacular despite the fact that the Mormons faced boycotts from manufacturers throughout the country and could borrow no money from banks, and never received any financial help from the Federal or any other government but their own. Even if they had gone into heavy debt, the results would have been spectacular, but achieving all that without any debt whatsoever is one of the most successful economic developments in the history of the world.