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It cost 7 million dollars to build the Erie Canal and it made that much back in two years.
What else can I help you with?
How much did it costs to build the Erie Canal?
It cost 7 million dollars to build the Erie Canal and it made that much back in two years.
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.
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%.
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.
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
Who paid the construction cost for the Erie Canal?
On April 17, 1816, the New York State Legislature passed a bill that provided funds to build the Erie Canal. Thomas Eddy and Jonas Platt took Joshua Forman's idea of a canal and checked to see if a route was feasible. They sought federal funding but President Madison vetoed it.
What was the result of the canals?
One result of the Erie Canal is that it was faster to get from one place to another from up the Hudson into the Erie Canal and after you can get any where from there. An even bigger benefit was the reduction in cost of transportation.
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 shipping cost for the Erie Canal rise or lower?
It lowered dramatically because it was a huge success.
What was the cost to build the Suez canal?
It cost a lot of money! Maybe even millions?Why do you think that people here never give really good answers!
Which internal improvement reduced the cost of transportation between the Great Lakes and the Atlantic by 95?
the Erie Canal
Why did the price of goods fall when the Erie Canal opened?
One reason that food prices dropped when the Erie Canal opened was that the cost of transporting food was reduced by using this waterway. The canal of 1825 made the cost of moving goods from inland to seaports faster and cheaper.
