Econ history paper

° Blackstone Canal(1828〕 ■ Major Contributorin theAmeriCan Revolution

。 Erie Canal o Buffalo and Albany,NevIr York

。 363MⅡes ° Funding Bugeted at$6MiⅡ ion in1810

° COnstmction began in1817 · Warof1812Delayed

° Completed in1825

。 Clearing the Waters ° stean1boat Monopoly

· New York Vs,New Jersey · VanderbⅡ t and Gibbson take case to supreme court

° Unconstimtional ■ “Released every creek and rive△ every lake and harborin our counuy from

the interference of monopo"es.″

° Irnpact ° Cheaper Transportauon ° First transportauon beu″ een eastern seaboard and the、 ″estern interior,No portage

o Innovations · Madejobs easier and cheaper

° Jobs · Immigrants"red ordocks

° Population boom · `^"ages turned into towns`and towns into cities

hnpact cont。

° Trading tendencies changed · Mississippi area

o NeⅥ `York transformed into a MetropoⅡ

o

o Promoted n1ass product∶ on o size,shape,and Nature ofthe United states

Explosion · 30,626:uⅡ esin1860

· 193,3461uⅡ es in1900

o Annual freight tonˉ :uⅡ eage ofraⅡ roads increased by35ti:nes

· Employed lnore than a FnⅡⅡon、″ρrkers in1900

° TOtal population`″ as only76【 nⅡ Ⅱon

Increased customer base · Made it possible to traVel faster,farther and cheaper than ever before

· Productlon was able t0increase due to new markets that were before unreachable

Trunk and branch system · Trunk lines ran bemeen the major cities

o NY city to Chicago

· Branch lines ran from a major oty to a smaller city

o Th“ lack ofcompleton wⅢ cause some m旬 or problems laterˉ

Fight against rnonopoⅡ es · Nearly all ofthe branch lines`″ ere run by a Iuonopoly

· Wabash raⅡ way vs,Ⅱ Ⅱnois

o states had no powerto regulate r直 Ⅱ roads that were takhγ 雪goods over stateⅡness