Missouri
From Wikinvestor
Missouri is a state in the Midwestern region of the United States bordered by Iowa, Illinois, Kentucky, Tennessee, Arkansas, Oklahoma, Kansas and Nebraska. Missouri is the 18th most populous state. It comprises 114 counties and one independent city. Missouri's capital is Jefferson City. The four largest urban areas are, in descending order, St. Louis, Kansas City, Springfield, and Columbia. Missouri was originally acquired from France as part of the Louisiana Purchase and became defined as the Missouri Territory. Part of the Missouri Territory was admitted into the union as the 24th state in 1821.
Missouri mirrors demographic, economic and political makeup of the nation with a mixture of urban and rural culture. It has long been considered a political bellwether state. With the exception of the 1956 and 2008 presidential elections, Missouri's election results have accurately predicted the next President of the United States since 1904. It has both Midwestern and Southern cultural influences, reflecting its history as a border state. It is also a transition between the eastern and western United States, as St. Louis is often called the "western-most eastern city" and Kansas City the "eastern-most western city." Missouri's geography is highly varied. The northern part of the state lies in dissected till plains while the southern part lies in the Ozark Mountains, with the Missouri River dividing the two. The confluence of the Mississippi and Missouri rivers is located near St. Louis.
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Geography
Missouri borders eight different states, as does its neighbor, Tennessee. No state in the U.S. touches more than eight states. Missouri is bounded on the north by Iowa; on the east, across the Mississippi River, by Illinois, Kentucky, and Tennessee; on the south by Arkansas; and on the west by Oklahoma, Kansas, and Nebraska (the last across the Missouri River). The two largest Missouri rivers are the Mississippi, which defines the eastern boundary of the state, and the Missouri, which flows from west to east through the state, practically connecting the two largest cities, Kansas City and St. Louis.
Although today the state is usually considered part of the Midwest, historically Missouri was sometimes considered a Southern state, chiefly because of the settlement of migrants from the South and its status as a slave state before the Civil War. The counties that made up "Little Dixie" were those along the Missouri River in the center of the state, settled by Southern migrants who held the greatest concentration of slaves.
Residents of cities farther north and of the state's large metropolitan areas, including those where most of the state's population resides (Kansas City, St. Louis, and Columbia), typically consider themselves Midwestern. In rural areas and cities farther south, such as (Cape Girardeau, Poplar Bluff, Springfield, and Sikeston), residents typically self-identify as more Southern.
Climate
Missouri generally has a humid continental climate (Koppen climate classification Dfa), with cold winters and hot and humid summers. In the southern part of the state, particularly in the Bootheel, the climate borders on a humid subtropical climate (Koppen Cfa). Located in the interior United States, Missouri often experiences extremes in temperatures. Without high mountains or oceans nearby to moderate temperature, its climate is alternately influenced by air from the cold Arctic and the hot and humid Gulf of Mexico.
Demographics
In 2007, Missouri had an estimated population of 5,878,415; an increase of 283,204 (5.1 percent) since the year 2000. This includes a natural increase of 137,564 people since the last census (480,763 births less 343,199 deaths), and an increase of 88,088 people due to net migration into the state. Immigration from outside the United States resulted in a net increase of 50,450 people, and migration within the country produced a net increase of 37,638 people. Over half of Missourians (3,145,584 people, or 56.2%) live within the state's two largest metropolitan areas–St. Louis and Kansas City. The state's population density 81.2 in 2000, is also closer to the national average (79.6 in 2000) than any other state.
The U.S. Census of 2000 found that the population center of the United States is in Phelps County, Missouri. The center of population of Missouri itself is located in Osage County, in the city of Westphalia.
As of 2004, the population included 194,000 foreign-born (3.4 percent of the state population).
Economy
The Bureau of Economic Analysis estimates that Missouri's total state product in 2006 was $225.9 billion. Per capita personal income in 2006 was $32,707, ranking 26th in the nation. Major industries include aerospace, transportation equipment, food processing, chemicals, printing/publishing, electrical equipment, light manufacturing, and beer.
The agriculture products of the state are beef, soybeans, pork, dairy products, hay, corn, poultry, sorghum, and eggs. Missouri is ranked 6th in the nation for the production of hogs and 7th for cattle. Missouri is ranked in the top five states in the nation for production of soy beans. As of 2001, there were 108,000 farms, the second largest number in any state after Texas. Missouri actively promotes its rapidly growing wine industry.
Missouri has vast quantities of limestone. Other resources mined are lead, coal, Portland cement, and crushed stone. Missouri produces the most lead of all of the states. Most of the lead mines are in the central eastern portion of the state. Missouri also ranks first or near first in the production of lime.
Tourism, services and wholesale/retail trade follow manufacturing in importance.
Personal income is taxed in 10 different earning brackets, ranging from 1.5 percent to 6.0 percent. Missouri's sales tax rate for most items is 4.225 percent. Additional local levies may apply. More than 2,500 Missouri local governments rely on property taxes levied on real property (real estate) and personal property. Most personal property is exempt, except for motorized vehicles. Exempt real estate includes property owned by governments and property used as nonprofit cemeteries, exclusively for religious worship, for schools and colleges and for purely charitable purposes. There is no inheritance tax and limited Missouri estate tax related to federal estate tax collection.
Missouri is the only state in the Union to have two Federal Reserve Banks: one in Kansas City (serving western Missouri, Kansas, Nebraska, Oklahoma, Colorado, northern New Mexico, and Wyoming) and one in St. Louis (serving eastern Missouri, southern Illinois, southern Indiana, western Kentucky, western Tennessee, northern Mississippi, and all of Arkansas).
