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It cost 7 million dollars to build the Erie Canal and it made that much back in two years.
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How much money did cost to build the Erie canal?
It cost 7 million dollars to build the Erie Canal and it made that much back in two years.
The Erie Canal reduced the cost of shipping goods in the East by how much?
The Erie Canal reduced the costs of shipping by 90%.
How much did the Welland Canal cost to build?
The first Welland Canal cost 8 million dollars to build. The Welland Canal connected Lake Ontario to Lake Erie.
Is Lake Erie and the Erie Canal the same thing?
There are many differences between the Panama and Erie Canal. First is location. The Panama Canal is in the country of Panama in Central America. The Erie Canal is located in New York State. Second the Panama Canal connects two oceans: the Atlantic Ocean and the Pacific Ocean. The Erie Canal connects the Atlantic Ocean/Hudson River with Lake Erie. Thirdly, the Panama Canal allows ocean going vessels through the canal. The Erie Canal had much smaller barges.
Is the Erie Canal still in use today?
Yes the Erie Canal is still in business today. Much of it is now recreation but there is still commercial traffic such as barges of corn from Canada to be turned into ethanol.https://www.npr.org/2013/06/25/195426326/commercial-shipping-revived-along-erie-canal
Did The Erie Canal shortened time but increased the cost of sending products from the West to the East?
Yes, the Erie Canal reduced travel time. You could go up the Hudson River, north, and join the Erie Canal at Albany, New York. From there, you would have taken the Erie Canal to Buffalo, New York. In the 1800s, that would have reduced travel time by at least a week.
What effects did the Erie Canal have on shipping costs?
It took a long time for goods to go across the Appalachian Mountains by man on horseback. It was much faster to go by barge pulled by mules on the Erie Canal. The Erie Canal paid for itself in two years and reduced the price of shipping by 90%.
Did the Erie Canal prove to be a good investment for New York?
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.
What was the function of the Erie Canal?
The Erie Canal was used for boats. Back then, they used horse and buggy. It was much quicker to go by boat. So they built the Erie Canal. They used to used it for traveling. Nowadays, it is used mostly for tours.
How did the Erie canal help trade?
The canal connected the Great Lakes to the Atlantic Ocean. This connection made it much easier for ships to make it from the Great Lakes to the Atlantic Ocean, which made transport and shipping much faster.
What was one major effect of the opening of the Erie Canal?
the building of canals improves water transportation. the Erie canal opened the upper Ohio rivet valley and the great lakes region to settlement and trade. it increased nationalism by uniting the regions.
How much did the Erie Canal cost?
This site tells of a traveler that used the Erie Canal paying $3.50 to go from Schenectady to Utica. Travelers had to bend down or lie down when going under bridges. Some paid with their life if goods shifted and crushed them.http://www.eyewitnesstohistory.com/eriecanal.htm
