Growth of NYS Business
For a number of reasons, business enterprise in New York grew by leaps and bounds between 1825 and 1860.
New York's growth between the years 1825 and 1860 can be attributed to a number of factors. 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, 1825 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. The growing urban population and the contruction of canals, railroads and factories stimulated the demand for raw materials and food stuffs. In 1836 four-fifths of the tonnage over the Erie Canal came from western New York (North, 105). Much of this cargo was in the form
of agriculture goods.
The farmer become a shrewed businessaman of sorts as he tended to produce whatever products would leave him the greatest profit margin. The rise of the dairy industry was by far the most significant development in the agricultural history of the state between 1825 and 1860. Farmers discovered that cows were their most relliable money-makers, since both the domestic and foreign market kept demanding more dairy products (Ellis, 273). Price flucuations became increasingly important for the farming population between 1825 and 1860. Prices rose from the low level of the early 1820's until the middle 1830's and the farmer's shared in the general prosperity (271). Although the rapid
industrialization and urbanization of New York had a great deal to do with the success of agricultural markets sporadic demand from aboard as a result of the Irish famine, the Crimean War and the repeal of the Corn Laws in England also contributed(North, 141). During this period Ohio, Pennsylvania, New York and Virginia, in that order were the
leading wheat growing states. Between the years 1840 and 1850 New York ranked first in the production of beef.
The absence of politic party differences on issues related to
Farmers’ incomes were low, and in order to make a profit on what they produced, they begun to expand the regions in which they sold their products in. This was facilitated through the railroads, by which through a series of grants from the government as...
In the middle of the nineteenth century, several factors contributed to the growth and expansion of cities in the United States. The 1850s saw a fantastic peak in the immigration of Europeans to America, and they quickly flocked to cities where they could form communities and hopefully find work1. The rushing industrialization of the entire country also helped to rapidly convert America from a primarily agrarian nation to an urban society.
The Roaring Twenties approached and the citizens in Colorado were facing rough times. In 1920, many people such as farm owners, manufacturers, and even miners were having a hard time making a living due to an economic downfall. The farmers especially, where facing the toughest of times. The price of various farm-grown goods like wheat, sugar beets, and even cattle was dropping because their goods were no longer needed by the public. Wheat had dropped in price from $2.02 in 1918 to $0.76 by the time 1921 came around. Sadly, the land that they were using to grow wheat became dry and many farmers had to learn to grow through “dryland farming” which became very popular in the eastern plains from 1910 to 1930 (Hard Times: 1920 - 1940). Apple trees began to die due to the lack of desire for apples, poor land, and decreased prices. Over the course of World War I, the prices of farm goods began to increase slowly. Farmers were not the only one facing this economic hardship while others in big cities were enjoying the Roaring Twenties.
...oods in the market place. The market increased vastly, becoming more efficient with cheaper transportation and economic specialization. Industrialization impacted the meaning of work and changed the ways of time management. Urbanization mainly evolved in the northeastern states, which help the states to become more into urban cities showing and improving on communication and industrialization. Though this was great for the Americans it did affect the Native Americans and African slaves in a negative light. Even though it had ups and downs from different point of views the market revolution changed and improved how our economy is today.
In 1820, the city of Rochester began to “BOOM”, landowners and farmers, began to flourish in the business of export. Now supplying major cities with food and textiles utilizing the most efficient trade route of the Eerie Canal to the best of their advantage, lowered their operating expenses and increased their profits, which they invested in building Mills that were powered by the waterfalls of the Eerie Canal. Another low overhead endeavor, as the mills required less personnel to maintain its output changing again reducing traditional overhead costs and increasing profits.
Technology in this time period allowed for more crops to be produced. The use of new farm equipment was one of the things that generated more production. Document D shows a combine, a piece of farm equipment that harvests grain, being pulled by many horses. The use of the combine to trigger an increase in agricultural production as shown in Document A. Also with the invention of the grain elevator more farmers had the ability to store grain in bulk. Another technological advancement that developed during this time would be the railroad system. The railroads linked the farms to the big cities as shown in Document B. “Cowboys”, usually in Texas, herded cattle hundreds of miles along cattle trails, such as the Chisholm Trail, and the western trail, to cow towns along railroads. A drawback to the railroads, though, would be the “Robber Barons”, such as C. Vanderbilt, who had monopolistic power over the railroads. Things like cattle would be taken to factories more likely in Chicago as depicted in Document F. The packaged meat would then go into a railroad car that was possibly refrig...
One of the ways in which American expansion shaped the Jacksonian period was through technology. The economic and political growth as well as American settlement can only be described in detail as a side effect of the advancement in technology. First the rising dominance of trade, commerce, and growth would not have been possible without the development of the first canals and then the railroads. (C-108) For example, Western New York had not yet been settled by white Americans. It was not until the impact of the Erie Canal that things began to change. The Erie Canal was one of the most significant and largest transportation projects of the era. Even before the project was completed, production of wheat began to take off and was shipped to eastern customers. Toll revenues on the canal grew so large that the project became self-financing. The expansion of westward trade turned New York into an urban powerhouse. ...
The country at the time was in the deepest and soon to be longest-lasting economic downturn in the history of the Western industrialized world and this caused years of over-cultivation of wheat, because “during the laissez-faire, expansionist 1920’s the plains were extensively and put to wheat - turned into highly mechanized factory farms that produced highly unprecedented harvests” (Worster 12). ¬The farmer’s actions were prompted by the economic decline America was facing. With the economy in a recession, farmers were looking for a way to make a living and in 1930 wheat crop were becoming very popular. In 1931 the wheat crop was considered a bumper crop with over twelve million bushels of wheat. Wheat was emerging all over the plains. The wheat supply forced the price down from sixty-eight cents/bushel in July 1930 to twenty-five cents/bushel in July 1931. Many farmers went broke and others abandoned their fields, but most decided to stay despite the unfavorable
The 1920’s were the singularly most influential years of farming in our country. The loss of farms following the war, and new agricultural practices resulted in the dawn of modern agriculture in our country. The shift from small family to big corporation during this time is now the basis for how our society deals with food today. Traditional farming in the 1920’s underwent a series of massive transitions following WWI as the number of farms decreased and the size of farms increased.
The Erie Canal created what was the first reliable transportation system, connecting the eastern seaboard (New York) and the western interior (Great Lakes) of the United States that did not require on land travel. Along with making water routes faster then travel on land it also cut costs of travel by 95 percent. The canal started a population surge in western New York, and opened regions farther west to settlement. This was the start of New York City becoming the chief U.S. port.
With the economic system, the south had a very hard time producing their main source “cotton and tobacco”. “Cotton became commercially significant in the 1790’s after the invention of a new cotton gin by Eli Whitney. (PG 314)” Let alone, if they had a hard time producing goods, the gains would be extremely unprofitable. While in the North, “In 1837, John Deere patented a strong, smooth steel plow that sliced through prairie soil so cleanly that farmers called it the “singing plow.” (PG 281).” Deere’s company became the leading source to saving time and energy for farming as it breaks much more ground to plant more crops. As well as mechanical reapers, which then could harvest twelve acres a day can double the corn and wheat. The North was becoming more advanced by the second. Many moved in the cities where they would work in factories, which contributed to the nation’s economic growth because factory workers actually produced twice as much of labor as agricultural workers. Steam engines would be a source of energy and while coal was cutting prices in half actually created more factories, railroads for transportation, and ships which also gave a rise in agricultural productivity.
There is no refuting that the railroad companies transformed business operations and encouraged industrial expansion. The raw materials required for construction of the transcontinental railroad directly resulted in the expansion of the steel, lumber and stone industries. (Gillon p.652) The railroad stimulated growth in manufacturing and agriculture providing an efficient manner to ship raw materials and products throughout the country. Which in turn, increased consumerism and introduced t...
From the expanding of railroads country wide, to limiting laws on the goods farmers sold and transportation of the goods,to starvation of the economy, agriculture began to take its own shape from 1865 through to 1900 in the United States.
Entrepreneurs realized the need for more ways to move resources and goods. A new form of transportation overtook both roads and canals: The Railroad. It has been said by many economic historians that railroads were “the most important single factor in promoting European economic progress in the 1830s and 1840s.” (Spielvogel 608) The railroad proved to be faster, more reliable, and cheaper than canals (Kennedy 313).
Although there were many causes that helped bring about expanded industry, some had larger impacts than others. To begin with, technology in production processes improved, starting off gradually but eventually reaching new heights near the end of the period. The efficient shipping of goods was essential to expanded industry. Improved railroads, rivers and other bodies of water, and streets were among the major forms of moving goods. Lastly, countries that held a wealth of materials experienced the jump starting of better industry (Jacob, par. 13-47).