Growth of New York, 1825-1860-
New York's growth between the years 1825 and 1860 can be attributed to a number of factors. These include but cannot be limited to the construction of the Erie Canal, the invention of the telegraph, the developed of the railroads, the establishment of Wall Street and banking, the textile, shipping, agriculture and newpaper industries, the development of steam power and the use of iron products. On October 26, 1825 the Erie Canal was opened. The canal immediately became an important commercial route connecting the East with the Ohio and Mississippi Valleys. With tht time of travel cut to one-third and the cost of shipping freight cut to one-tenthof the previous figures, commerce via the canal soon made New York City the chief port of the Atlantic. The growing urban population and the contruction of canals, railroads and factories stimulated the demand for raw materials and food stuffs. In 1836 four-fifths of the tonnage over the Erie Canal came from western New York (North, 105). Much of this cargo was in the The farmer become a shrewed businessman of sorts as he tended to produce whatever products would leave him the greatest profit
This set the scene for an industrial society by widening the actively expanding transportation network in the country. New York growth of the factory system, which was mass production with The absence of politic party differences on issues related to opened the door for agents representing New York shipping firms who North, Douglas C. The Economic Growth of the United States, 1790-1860. money-makers, since both the domestic and foreign market kept development of manufacturing, and the promotion of superior railroad industry which created increased demand for iron products. It reflecting the overall improvement in factor endowments for such as the adoption of steam power and the use of anthracite coal find adequate cargoes for their return voyages. And so it came about south, however, plantation owners were either too engrossed in the
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Approximate Word count = 1382
Approximate Pages = 6 (250 words per page double spaced)
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