An analysis of the growth of new york states business from 1825 to 1860

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, 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.

An analysis of the growth of new york states business from 1825 to 1860

Jeremy, Transatlantic Industrial Revolution: Blair and Rives, ; U. Government Printing Office, Instead, this ingenuity rested on fundamental assets: The peddler distribution system provided efficient sales channels into the mids, but, after that, firms took advantage of more traditional wholesaling channels.

In some sectors, such as the brass industry, firms followed the example of the large Boston-core textile firms, and the brass companies founded their own wholesale distribution agencies in Boston and New York City.

Difficulty of Duplicating Eastern Methods in the Midwest The East industrialized first, based on a prosperous agricultural and industrialization process, as some of its entrepreneurs shifted into the national market manufactures of shoes, cotton textiles, and diverse goods turned out in Connecticut.

These industrialists made this shift prior toand they enhanced their dominance of these products during the subsequent two decades.

Manufacturers in the Midwest did not have sufficient intraregional markets to begin producing these goods before ; therefore, they could not compete in these national market manufactures.

Eastern firms had developed technologies and organizations of production and created sales channels which could not be readily duplicated, and these light, high-value goods were transported cheaply to the Midwest. When midwestern industrialists faced choices about which manufactures to enter, the eastern light, high-value goods were being sold in the Midwest at prices which were so low that it was too risky for midwestern firms to attempt to compete.

Instead, these firms moved into a wide range of local and regional market manufactures which also existed in the East, but which cost too much to transport to the Midwest. These goods included lumber and food products e.

Research reveals that the reasons for the success of New York's business enterprise between and were enumerous with no reason weighting more heavily than another with the exception of as Ellis states that, "Plank roads, railroads, canals, steamships-all had revolutionary effects on the economy of New York. Chapter 10 - Growth & Expansion. Glencoe 8th Grade History. STUDY. PLAY. mile canal that linked New York with Lake Erie connecting Albany on the Hudson with Buffalo on Lake Erie. Problem arose with allowing new states to join the Union. The South wanted Missouri (part of Louisiana Purchase) to be a slave state. QuickFacts New York. QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5, or more. State and County Housing Unit Estimates, County Business Patterns, Nonemployer Statistics, Economic Census, Survey of Business Owners, Building Permits.

The American Manufacturing Belt The Midwest Joins the American Manufacturing Belt after Between andMidwestern manufacturers made strides in building an industrial infrastructure, and they were positioned to join with the East to constitute the American Manufacturing Belt, the great concentration of manufacturing which would sprawl from the East Coast to the edge of the Great Plains.

This Belt became mostly set within a decade or so afterbecause technologies and organizations of production and of sales channels had lowered costs across a wide array of manufactures, and improvements in transportation such as an integrated railroad system and communication such as the telegraph reduced distribution costs.

Thus, increasing shares of industrial production were sold in interregional markets. Lack of Industrialization in the South Although the South had prosperous farms, it failed to build a deep and broad industrial infrastructure prior tobecause much of its economy rested on a slave agricultural system.

In this economy, investments were heavily concentrated in slaves rather than in an urban and industrial infrastructure. Local and regional demand remained low across much of the South, because slaves were not able to freely express their consumption demands and population densities remained low, except in a few agricultural areas.

An analysis of the growth of new york states business from 1825 to 1860

Thus, the market thresholds for many manufactures were not met, and, if thresholds were met, the demand was insufficient to support more than a few factories. By the s, when the South had recovered from the Civil War and its economy was reconstructed, eastern and midwestern industrialists had built strong positions in many manufactures.

And, as new industries emerged, the northern manufacturers had the technological and organizational infrastructure and distribution channels to capture dominance in the new industries.

In a similar fashion, the Great Plains, the Southwest, and the West were settled too late for their industrialists to be major producers of national market goods. Manufacturers in these regions focused on local and regional market manufactures.

Some low wage industries such as textiles began to move to the South in significant numbers afterand the emergence of industries based on high technology after led to new manufacturing concentrations which rested on different technologies.

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This essay is based on David R. Johns Hopkins University Press, To Their Own Soil: Agriculture in the Antebellum North. Iowa State University Press, Barker, Theo, and Dorian Gerhold.

The Rise and Rise of Road Transport, Cambridge University Press, A History of Banking in Antebellum America: The Diffusion of Information in Early America, Oxford University Press, The Roots of Rural Capitalism: Cornell University Press, Harvard University Press, Canals and American Economic Development.

Columbia University Press, From the American System to Mass Production, Economic Development in the Philadelphia Region, Dairying Families and Agricultural Change, Research reveals that the reasons for the success of New York's business enterprise between and were enumerous with no reason weighting more heavily than another with the exception of as Ellis states that, "Plank roads, railroads, canals, steamships-all had revolutionary effects on the economy of New York.

The Roots of American Industrialization, David R. Meyer, Brown University The Puzzle of Industrialization.

An analysis of the causes of growth of new york between the years and

In a society which is predominantly agricultural, how is . The Economic Growth of the United States: (The Norton Library: Economics/History ; N) by Douglass C.

North and a great selection of similar Used, New . Economic history of the United States. Jump to navigation Jump to search. The The Panic of stopped business growth for three years.

Canal, which connected Albany, New York, on the Hudson River with Buffalo, New York, on Lake Erie, began operation in Wagon cost from Buffalo to New York City in was cents per ton-mile.

Married Women's Property Acts in the United States. Jump to navigation Jump to search. The According to one analysis, the legislation came in three phases—allowing married women to own property, New York expanded its statute in Growth of the United States () STUDY.

PLAY. economic growth, and territorial expansion. Since the Federalist party dissolved after the War of , there was only one political party and no partisan conflicts. established New York City as the major commercial center of the US.

An analysis of the growth of new york states business from 1825 to 1860
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