Momence High School - Monesse Yearbook (Momence, IL)

Page 8 text:

4 closings affect district like other communities, momence began to feel the economy crunch, it started in the summer of 1973 when agar's plant closed and came to a head on May 13, 1975 when carter-wallace stopped producing their products locally. the unemployment figures began to rise on a scale equal to the rest of the state and nation, rumors of other plant closings and two or three week factory shutdowns left the town with the question of where it would all end. because of a lack of business, some of the establishments in the town closed down and empty storefronts began to greet visi- tors to the community. how DID all of this affect the school sys- tem, and how WILL it affect the system? a loss of tax dollar revenue will reduce the amount of monies the school board has to work with, this fact, together with a decline in enrollment in the lower grades, has initi- ated board action to start trimming budg- ets. in the end it could result in a loss of some of the “non-important programs in the district. recession, an old word now used on a regular basis, or the start of a depression — no one knows what to believe or where it will all end.

Page 7 text:

plession equal to the 1930's. kankakee county unemployment hits 9.5%, slightly above mn; the notional average of 8.9%. beef becomes »- 7sK( r . ;• ? '' ' --. ■ ■hhi cheaper tcripuy than pop. food and meat prices hit an all time high.'farmers make less than before, beef and dairy herds slaughtered in protest to low wages, gas hits 60g a gallon in some parts of the country, imports begiiji to exceed the exports, decline in auto sales forces detroit to offer rebates for most new car sales, cost of living up 15%. u.s. consumes 90% of the earth's natural resources with only 2% of the population.- .„ economists question when it will all level off, butTcan it7

Page 9 text:

HHB mmm ■M HIM» 5