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Published byBrook Robbins Modified over 9 years ago
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Americans on the Move
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During the early 1800’s 1.Americans were quickly settling the territories between the Appalachian Mountains and the Mississippi River 2.Between 1792 and 1819, 8 new states were admitted to the union – including Indiana in 1816
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Roads The nation was in desperate need of transportation routes to connect the growing country Travel and communication were primitive4 at this time Building roads was a priority
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Roads The first really good roads were paved with gravel Built by private companies The companies charged tolls on these roads to pay for upkeep and to make a profit These were called turnpikes
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Roads In swampy, wet areas, roads were built with logs to keep wagons from sinking into the mud These were called corduroy roads
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Corduroy Roads
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Roads In 1806, Congress approved spending for the National Road – the first time that the government funded public roads
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Steam Transportation If possible, water transportation was preferred to using roads Water transportation was far more comfortable than bumpy wagon rides However, using flatboats was slow, especially when going upriver The boat ride from Pittsburgh to New Orleans took at least 17 weeks!
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Flatboat
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Steam Transportation In 1807, Robert Fulton launched the steamboat, the Clermont, which revolutionized water travel His first trip broke the speed record by traveling 300 miles in 62 hours!
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Clermont
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The Canal Boom Erie Canal Song by Bruce Springsteen To help western farmers move their goods east, canals were needed to link the country The growth of canals improved travel time across the country and helped create a national market
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The Canal Boom The greatest of canals was the Erie Canal It linked Lake Erie to New York It was 350 miles long and took 8 years to build Once finished it lowered the price of goods produced in the west It helped make New York the financial capital of the world
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Erie Canal The Erie Canal - A journey through history - ePodunk
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The Wabash and Erie Canal of Indiana: Success or Failure? The success of New York’s Erie Canal, completed in 1825, sparked a canal boom in the Old Northwest. The intent was to connect Lake Erie with the Ohio River by way of the Wabash River trade route.
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In 1827, Congress authorized a ½ million acre land grant which would allow Indiana to sell the land and fund a canal. Work began in the Fort Wayne area in 1832.
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Not only did the sale of the land helped spur Indiana’s economy but it supplied many different laborers with work –Irish immigrants –Skilled artisans –Engineers Indiana was enjoying a time of prosperity and would no longer be trapped in its ‘pioneer condition of isolation.’ (Madison)
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The state legislature approved $10,000,000 be borrowed to finance three canal projects, road development and other internal improvements by selling bonds to investors from New York and England. The bonds were to be paid off at face value plus 5% interest.
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The Mammoth Internal Improvements Act of 1836
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A great investment until…..
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The Depression Of 1839
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“More abruptly than it had begun, work stopped on nearly all projects.” (Madison) None of the projects were completed AND The state of Indiana was insolvent – that’s bad – it means we were broke!
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Confession Indiana admitted that they could not pay back the bond notes and definitely not the 5% interest Here comes the judge…. The New York and London investors hired a lawyer, Charles Butler The state legislature worked out an agreement stating that Indiana had to pay back ½ the debt (now over $11 million – remember the interest) The other ½ would be given to bondholders and shares of stock in the Wabash and Erie Canal – they took the risk and ended up losing heavily
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Failure? Maybe not……
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The Wabash and Erie Canal Redeemed It carried large quantities of freight and passengers Covered a distance of 468 miles – the longest canal in the COUNTRY! Corn shipments in the north totaled 2.8 million bushels by 1851 Population increased Warehouses, hotels, mills, factories and towns sprang to life along the canal line
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