The construction of the Erie Canal (1825) had the most significant economic impact by doing which of the following?
Show answer and explanation
Correct answer: Lowering the cost of shipping between the Old Northwest and New York City
The Erie Canal linked the Great Lakes with the Hudson River, drastically reducing freight rates and travel time. This integration allowed Western farmers to ship grain to Eastern cities and enabled New York City to become the nation's premier commercial hub.
Keep practicing
More Market Revolution questions
- The Lowell System of the early 19th century was notable primarily for its use of which labor force?
- Which legal principle established in Dartmouth College v. Woodward (1819) helped encourage the growth of corporations?
- How did the invention of the cotton gin impact the Southern economy and social structure?
- The 'American System' proposed by Henry Clay was designed to achieve which of the following?
- Which of the following was a primary consequence of the 'Putting-Out System' being replaced by the factory system?
- What was the significance of the Supreme Court case Gibbons v. Ogden (1824)?