Despite strong local Copperhead sympathies, the proposal was not well received. The city provided a major source of troops, supplies, equipment, and financing for the Union Army. Powerful New York politicians and newspaper editors helped shape public opinion toward the war effort and the policies of President Abraham Lincoln.
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, 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. Much of this cargo was in the form of agriculture goods. The farmer become a shrewed businessman 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 and Farmers discovered that cows were their most relliable money-makers, since both the domestic and foreign market kept demanding more dairy products Ellis, Price flucuations became increasingly important for the farming population between and Prices rose from the low level of the early 's until the middle 's and the farmer's shared in the general prosperity 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, During this period Ohio, Pennsylvania, New York and Virginia, in that order were the leading wheat growing states.
Between the years and New York ranked first in the production of beef. The absence of politic party differences on issues related to the the growth of democracy existed in regard to the foremost economic questions, there was absolutely no partisan division evident in the movement to incorporate new financial institutions; rather, the primary factors, which the legislators examined, concerned value, feasibility, profit and the location within the state.
Dozens of turnpike proposals, most of which werebacked by the Republicans, passed the legislature; but the Federalists cooperated, seeing the chance for profits. There were numerous Republicans who were also vitally interested in the turnpike business Kass, Bipartisan support also accompanied plans for the construction of bridges and canals.
All of the parties contained a large number of adherents from from every level of economic well-being in society. This helps to expain the absence of any clear-cut party differences on the major economic issues of the such as the chartering of banks, the protestive tariff, internal improvements, the development of manufacturing, and the promotion of superior agricultural techniques.
Each politcal faction had segments both pro and con on most of these questions, and, inall cases it was opprtunism, the desire for profits, which was decisive in determining one's political position on these economic issues New York's economic growth can also be attributed to the invention of the cotton gin.
Cotton had become a boom crop in the south, however, plantation owners were either too engrossed in the production of their crops or too unschooled in business techiniques to handle its distribution. Some just did not want to be bothered. This opened the door for agents representing New York shipping firms who were only too happy to help them out - for a fee.
This scheme not only earned the New York merchants a handsome profit but also solved the problem that without cotton the ship owner would be hards preesed to find adequate cargoes for their return voyages. And so it came about that New York in the nineteeth century became the nation's foremost shipper of cotton Allen, The cotton shipments entering New York harbor were brought to textile mills for processing.
A heavy investment of capital caused the rapid growth of the factory system, which was mass production with integration of processes and produced a high quality cotton cloth as well as other textiles Ellis, This set the scene for an industrial society by widening the market, manufacturing increased rapidly throughout this period, although development varied enormously from industry to industry.
Often developments were due to improvements in technical processes such as the adoption of steam power and the use of anthracite coal instead of charcoal by the iron industry. The metallurgical industries employed thousands for skillful workers who produced a variety of iron and steel products, such as farm machinery, pistols, sewing machinesclocks and stoves.
These products were being produced using standard parts and multiple quantities The iron industry made rapid progress as a result of this processas well as the expansion of the railroad industry which created increased demand for iron products.
It can therefore be surmized that often growth in a one industry would cause increased demand for another industry's product, hence the boom of both industries.April 17, For a number of reasons, business enterprise in New York grew by leaps and bounds between and New York's growth between the years and can be attributed to a.
Nearly 80% of upstate New York's population lives within 25 miles of the Erie Canal. The Erie Canal's success was part of a Canal-building boom in New York in the s.
Between and , several lateral Canals opened including the Champlain, the Oswego and the Cayuga-Seneca. The House chooses Adams on February 9, The first boat leaves Buffalo, NY, enroute to New York City via the Erie Canal on October 26, Samuel Morey patents the internal combustion engine (named the "Gas or Vapor Engine") on April 1, One writer, William R.
Martin, an early booster of the West Side, stated in an pamphlet titled The Growth of New York: New York stands in relation with the whole country as its commercial and financial capital.
It's cool but simple none Growth of NYS Business April 17, For a number of reasons, business enterprise in New York grew by leaps and bounds between and New York's growth between the years and can be attributed to a number of factors.
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