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Based on the information in this chart, what economic impact did construction of the Erie Canal have?

Based on the information in this chart, what economic impact did construction of the Erie Canal have?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Based on the information in this chart, what economic impact did construction of the Erie Canal have? ERIE CANAL: BEFORE AND AFTER ITS CONSTRUCTION Characteristic Before Construction of the Erie Canal (1820) Rochester: 1, 502 people Buffalo: 2,112 people After Construction of the Erie Canal (1850) Rochester: 36,403 people Buffalo: 42, 261 people Population Cost to ship 1 ton of goods from Buffalo to NYC $90 $125 $10 4 days Average Travel Time from Buffalo to NYC Rank of New York City as a Seaport 10-12 days The fifth largest seaport in the nation The busiest seaport in the nation O It limited the number of immigrants entering the Country O It led to the formation of national labor unions. O It increased urbanization and reduced shipping costs. It raised the cost of shinning manufactured goods to the West
Transcribed Image Text:Based on the information in this chart, what economic impact did construction of the Erie Canal have? ERIE CANAL: BEFORE AND AFTER ITS CONSTRUCTION Characteristic Before Construction of the Erie Canal (1820) Rochester: 1, 502 people Buffalo: 2,112 people After Construction of the Erie Canal (1850) Rochester: 36,403 people Buffalo: 42, 261 people Population Cost to ship 1 ton of goods from Buffalo to NYC $90 $125 $10 4 days Average Travel Time from Buffalo to NYC Rank of New York City as a Seaport 10-12 days The fifth largest seaport in the nation The busiest seaport in the nation O It limited the number of immigrants entering the Country O It led to the formation of national labor unions. O It increased urbanization and reduced shipping costs. It raised the cost of shinning manufactured goods to the West
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