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Shipping goods like grain and lumber from the Midwest to the East Coast was significantly cheaper and faster thanks to the Erie Canal.
Why the construction of canals raised in the 19th century?
The maritime transportation system expanded even further thanks to canals. The Erie Canal in New York was the biggest and most significant, authorised by the state assembly in 1817 and finished eight years later. This incredible feat of engineering, which stretched from Buffalo to Albany, constructed an artificial river that connected the Great Lakes to the Hudson River, which flows into the Atlantic. It was 12.1 metres (40 feet) wide and 1.2 metres (four feet) deep. Shipping goods like grain and lumber from the Midwest to the East Coast was significantly cheaper and faster thanks to the Erie Canal. The shipment of these items increased dramatically and immediately as a result, and the state's investment in the enormous undertaking paid off handsomely.
Within 12 years, incoming toll income had more than covered the whole cost of building the canal. New York City was firmly established as the nation's financial and commerce hub by the 1840s and had grown to be its premier commercial port. The rest of the state of New York developed as well, particularly the canal-bound cities of Rochester and Syracuse.
What effect did canals have on economic growth?
Canals opened up new markets in terms of location and accessibility since they made it possible to carry a larger volume of commodities more precisely and inexpensively. Now, interior trade might be connected to seaports.
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