Lecture 4 - -hull design, steam engine, and river...

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5. Summary -Erie and coal canals of Pennsylvania and New Jersey valuable investments -Too many canals competing with other canals or railroads instead of opening a new trade route. -More land in west brought under cultivation, more specialization, but $190 million was a lot to spend (like spending $77 billion on a transportation cost today E. Steamboats 1815-1860 Areas fed by Mississippi, Ohio and Missouri Rivers became agricultural heartlands as a result of the productivity growth in river transportation i. Keel boats- hauled upstream by human muscle power ii. Flat boats-floated downstream, and then broken up for lumber in New Orleans(just rafts) iii. 1815 steamboats began hauling freight upstream -1817-1848 -6%-7% average annual productivity growth in river transportation
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Unformatted text preview: -hull design, steam engine, and river improvements (didnt catch on the river anymore)-Ocean shipping 3.5% growth annually-hulls increased in length and breadth but declined in depth-lighter wood, new decks added, less time at port, improvements in commercial organization *All progress was privately funded *Life of a steamboat was about 5 years, so technical improvements could be embodied rapidly (trial and error increased productivity improvements) F. Railroads-Year round delivery of cargo-Information and goods could travel rapidly-Delivery from producer to consumer with less unloading and loading *By 1860, interregional transportation still dominated by water transportation...
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This note was uploaded on 09/29/2011 for the course ECON 111A taught by Professor Wilson during the Spring '08 term at UC Davis.

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