- The Erie Canal opened the Midwest to settlement. Prior to the construction of the Erie Canal, most of the United States population remained pinned between the Atlantic Ocean to ...
- It sharpened the divide between the North and South over slavery. ...
- The Erie Canal transformed New York City into America’s commercial capital. ...
- It gave birth to the Mormon Church. The Erie Canal brought not only rapid change, but anxiety, to towns along its path. ...
- The Erie Canal helped to launch the consumer economy. In addition to providing an economic boost by allowing the transport of goods at one-tenth the previous cost in less ...
- It led to the advent of the presidential nominating convention. ...
- The Erie Canal boosted the nascent tourism industry. The Erie Canal is purely a tourist attraction today, but it also attracted vacationers when it opened as well. ...
- It sparked a boom in canal construction.
What are the disadvantages of the Erie Canal?
Positive and Negative Effects of the Erie Canal
- The Erie Canal: Positive
- and Negative Effects. The Erie Canal, started in 1817, was a major addition to the economy of New York. ...
- Positive Effects:
- Dramatic Decrease in Shipping Prices
- Negative Effect:
- Overcrowding. In the 18th century, the Industrial Revolution was sweeping all over civilized countries. The United States was one of those countries.
How did the Erie Canal benefit the United States?
The Erie Canal is a man made waterway linking the Hudson River to the Great Lakes. It opened up America to westward expansion, making the transport of goods and people quicker, cheaper, and more efficient and thus contributing to the growth of industrialization. Many towns were built along the canal route.
What were the economic benefits of the Erie Canal?
- The construction of the canal
- The growth of Buffalo, NY
- The growth of Rochester, NY
- The growth of NYC
- Relevance of the canal to the national economy
What was one of the affect of the Erie Canal?
The Erie Canal had some negative effects on political relations and species habitats, as well as on the Native American population. It created questions of which levels of government would pay for different improvements. Pollution levels in the Erie Canal caused many species in the area to decline in population.
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What are two benefits of the Erie Canal?
The Erie Canal was then proposed and created as an efficient transportation lane, lowering the cost of shipping and increasing trade, spreading machinery and manufactured goods, making the United States more economically independent and establishing some of the country's most prominent cities.
What state benefited from the Erie Canal?
The Erie Canal ensured the status of New York City as America's premiere seaport, commercial center, and gateway to the interior – eclipsing New Orleans, Philadelphia, Boston, and Baltimore. It helped New York become the “Empire State” – the leader in population, industry, and economic strength.
What were some of the benefits to enlarging the Erie Canal in 1836?
What were some of the benefits to enlarging the canal in 1836? The first enlargement began in 1836 rerouting parts of the Canal and widening it to seventy feet while deepening it to seven feet. Locks were doubled to allow simultaneous two-way passage and extended in length to enable passage for larger boats.
What are 2 economic effects of the Erie Canal?
What Are the two economic effects of the Erie Canal? City Expansion and Goods traveling on it. How much did women make in the textile mills?
How the Erie Canal helped the economy?
The Erie Canal helped to launch the consumer economy. In addition to providing an economic boost by allowing the transport of goods at one-tenth the previous cost in less than half the previous time, the Erie Canal led to a transformation of the American economy as a whole.
How did the Erie Canal improve transportation?
Canals. Canals enabled rivers to be moved and redirected. The Erie Canal--America's first great feat of engineering—was 364 miles long, flowing from Albany to Buffalo, New York. The canal proved financially successful, reducing the costs of transporting goods.
What was the major purpose in building the Erie Canal?
What was the major purpose in building the Erie Canal? Western crops would be able to be floated east through the great lakes into the canal and down the Hudson River to New York City. The Erie Canal provided the greatest connection between the east coast and settlements near the Great Lakes.
What was the purpose of the Erie Canal quizlet?
A canal between the New York cities of Albany and Buffalo, completed in 1825. The canal, considered a marvel of the modern world at the time, allowed western farmers to ship surplus crops to sell in the North and allowed northern manufacturers to ship finished goods to sell in the West.
Why was the Erie Canal made?
It was built to create a navigable water route from the Atlantic Ocean to the Great Lakes Basin, originally stretching for 584 kilometres (363 mi) from the Hudson River at Albany to Lake Erie in Buffalo.
Was the Erie Canal profitable?
In 1849, the Erie Canal shipped 1,580,000 tons of goods in forest, agricultural, and manufacturing products, as well as merchandise and a combination of other products. The value of these goods was equal to more than $52 million (Volpe, n.d.).
What was one major effect of the opening of the Erie Canal?
What was one major effect of the opening of the Erie Canal? The cost of shipping goods on eastern roads increased.
How did the Erie Canal help the economy?
The Erie Canal helped to launch the consumer economy. In addition to providing an economic boost by allowing the transport of goods at one-tenth the previous cost in less than half the previous time, the Erie Canal led to a transformation of the American economy as a whole.
What was the purpose of the Erie Canal?
Author: Christopher Klein. 1. The Erie Canal opened the Midwest to settlement. Prior to the construction of the Erie Canal, most of the United States population remained pinned between the Atlantic Ocean to the east and the Appalachian Mountains to the west. By providing a direct water route to the Midwest, the canal triggered large-scale ...
What religions were born along the Erie Canal?
Kelly says that apprehension sparked an evangelical religious revival in the 1820s and 1830s along the canal route as well as the birth of religions such as Adventism and Mormonism. “Many people don’t realize Mormonism started right on the Erie Canal since it’s so associated with Utah,” Kelly says. It was along the canal route in 1823 that Joseph Smith claimed to have been visited by a Christian angel named Moroni and where in 1830 he published the Book of Mormon and founded the Church of Jesus Christ of Latter-day Saints. Like Smith himself, many of the religion’s early followers were drawn from the underclass who missed out on the prosperity brought to some by the canal. The new waterway, though, proved to be a 19th-century “information superhighway” that aided the spread of the new religion.
What was the impact of the Erie Canal on the construction of the canals?
Within a decade of the opening of the Erie Canal, tolls paid by barges had paid back the construction debt. The Erie Canal’s commercial success, coupled with the engineering knowledge gained in its building , led to the construction of other canals across the United States.
How did the Erie Canal affect tourism?
The Erie Canal boosted the nascent tourism industry . The Erie Canal is purely a tourist attraction today, but it also attracted vacationers when it opened as well. Thousands of tourists, including Europeans such as Charles Dickens, flowed down the canal on excursions from New York City to Niagara Falls.
What was New Orleans before the Erie Canal?
Before the opening of the Erie Canal, New Orleans had been the only port city with an all-water route to the interior of the United States , and the few settlers in the Midwest had arrived mostly from the South. “Southerners had been moving up the Mississippi and Ohio Rivers into southern Ohio and southern Indiana, ...
Did the New York Waterway replicate the success of the New York Waterway?
None, however, could replicate the success of the New York waterway. “They became filled with political pork,” Kelly says. “Plus, they were expensive to build and maintain and had to be closed in the winter, so the railroad eventually took on a lot of the transportation function of the canals.”.
Abstract
Ten New York canals are evaluated as an integrated transport investment covering 1817–1880. A newly estimated willingness-to-pay (WTP) of canal users augments toll revenues as a benefits stream, and all effects are rendered in real terms. Net present value is positive for a range of real discount rates from 4 to 10 percent.
INTRODUCTION
Described as the “Eighth Wonder of the World” in the 19th century, the Erie Canal initiated an era of widespread canal building during the pre-Civil War era in the United States, and proved to be an important engine of economic growth.
THE NEW YORK CANAL SYSTEM
The main trunk line of the system is the 263 mile long Erie Canal, which ran east–west from Albany to Buffalo, connecting the Hudson River with Lake Erie. The broad Hudson connected Albany to New York City and the rest of the world.
CONCEPTUAL FRAMEWORK
The organizing principle in benefit-cost analysis is the Potential Pareto Criteria: the gainers from any project or policy must be able to compensate the losers and still be better off for the policy to be judged socially beneficial.
PRIOR STUDIES OF AMERICAN CANALS
The earliest efforts to assess the New York canals were financial appraisals, where canal officials tried to determine if tolls and other canal revenues equaled or exceeded the costs of construction and operation.
BENEFIT ESTIMATION
The demand curve required to estimate the WTP benefit of the Erie Canal system is estimated by SURE (seemingly unrelated regression equations), corrected for autocorrelation of the residuals.
CANAL COSTS
The cost of construction, operation and maintenance of each canal, and the cost of any subsequent capital improvements, is allocated annually from 1817 to 1880. Footnote 10 The 10 canals were built and operated by the State of New York and managed as a joint enterprise.
