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Did the Erie Canal prove to be a good investment for New York?

In: US History, Colonial America, Lakes and Rivers [Edit categories]

Answer:

The Erie Canal greatly enriched New York and increased the importance of the entire state. It made both the port of New York City and the city of Albany much more important.

There is a link to the section on its impact of an article on the Erie Canal below.

First answer by GeoHarvey. Last edit by GeoHarvey. Contributor trust: 261 [recommend contributor ]. Question popularity: 2 [recommend question].

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Wikipedia: Erie Canal, section on its Impact

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Relevant answers:

What were the effects Erie Canal had on New York?
The effects were huge. People could move westward easily and cheaply. The connection into the Great Lakes allowed the expansion of the United States throughout the Great Lakes region. Manufacturing...
How did the Erie canal help New York?
Traffic had to pass through New York City to reach Albany
How did New York pay for the Erie Canal?
The Erie Canal was payed off by the tolls payed by the boats that were passing through the canal.
What effect did the Erie Canal have in New York?
It was like a minor gold strike for farmers, manufaturers and the transportation industry. Profits soared and production increased.
Who was the Governor of the state of New York at the time of the Erie Canal?
DeWitt Clinton, who served as governor from July 1, 1817 to December 31, 1822. He was largely responsible for the construction of the $7 million Erie Canal, which was completed in 1825, after...

Did the Erie Canal prove to be a good investment for New York?

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