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What were the economic benefits of the Erie Canal?

What were the economic benefits of the Erie Canal?

The canal increased land values, provided jobs, decreased costs, and increased production which in turn allowed the population to expand and grow in the “frontier” land of western New York and Pennsylvania.

Why was the Erie Canal important beyond New York?

Built through the only low-level gap between the Appalachian Mountain chain and the Adirondack Mountains, the Erie Canal provided one of the principal routes for migration and an economical and reliable means for transporting agricultural products and manufactured goods between the American interior, the eastern …

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How did the Erie Canal impact upstate New York?

The completion of the Erie Canal spurred the first great westward movement of American settlers, gave access to the rich land and resources west of the Appalachians and made New York the preeminent commercial city in the United States.

What are three impacts of the Erie Canal on New York and America?

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.

Did Erie Canal fulfill its goal of integrating upstate New York with NYC?

The canal was a feat of engineering in its day, and it transformed upstate New York and turned New York City into the biggest port in the country and one of the most important centers for commerce, trade and finance in the world.

What is the economic significance of canals?

By reducing the length of sea transport it contributes to the reduction of air emissions and thus to climate protection. And, finally, it facilitates the relocation of cargo transport from road to sea – relieving the shoreside road and rail transport grid which increasingly approaches its capacity limit.

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What effect did the governor think the canal would have on NY state?

a)What effect did this governor think the canal would have on NY state? He thought the canal would make New york one of the most splendid commercial cities on th face of the earth.

Where is the Erie Canal today?

Today, the Erie Canalway National Heritage Corridor covers 524 miles (843 km) of navigable water from Lake Champlain to the Capital Region and west to Buffalo. The area has a population of 2.7 million; about 75\% of Central and Western New York’s population lives within 25 miles (40 km) of the Erie Canal.

Why were rivers important for economic development in the past?

The rivers are important in country’s economy because human civilizations, were born in the river valleys, flourished and developed. They carry sediments and minerals which are very useful for us. Rivers provide cheap and efficient inland transport for trade and commerce.

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How does the geographic location of New York State make it a natural link for trade between New England?

The Erie Canal was built to connect the Great Lakes to New York. This was a faster and safer way to transport goods from the West to the East. Canals improved travel from 1820s to 1850s.

What is one important reason that New York State legislators opposed the canal at first?

What is one important reason that New York State legislators opposed the canal at first? They believed canal projects were inherently unconstitutional. They did not want to participate in the national market. They worried that the canal would bolster DeWitt Clinton’s political prospects.

What effect did the Erie Canal have on New York City & New York State?