Often asked: How Much Did It Cost To Build The Erie Canal?

How much in today’s money did the Erie Canal cost to build?

For example, the Erie Canal was completed in 1807 at a cost of $7,000,000. How much is that in today’s money? We might use consumer prices to get a figure of $98.7 million.

How much did the Erie Canal cost to dig?

The Erie Canal, connecting the Hudson valley with the Great Lakes, was completed in 1825 at a cost of $7 million. It immediately brought economic gains to New York and stimulated development along its entire route. Library of Congress, Washington, D.C.

Who paid for the Erie Canal to be built?

Clinton was elected Governor later that year, just before construction of the Erie Canal started at Rome on July 4, 1817. Thereafter, construction and operation of the Erie Canal was authorized, funded, and managed by New York State.

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Was the Erie Canal profitable?

Railroad competition, beginning in the 1850s, eventually destroyed the canal’s long-haul advantages; however, for many years the Erie Canal was a profitable route. Tolls were abolished in 1882, however, because of its state of disrepair and to lure more traffic.

Who benefited the least with the Erie Canal?

The Barge operators on the Ohio river benefited the least with the Erie Canal. Merchants in New York City Bankers in Albany Barge operators on the Ohio River Traders on the Hudson River.

How long did it take for the Erie Canal to pay for itself?

The canal was completed in only 8 years at a cost of $7,000,000. When completed on October 26, 1825, DeWitt Clinton (by then Governor of New York) boarded a vessel, the Seneca Chief, in Buffalo and headed to New York City.

Why is Erie Canal so low?

Water levels drop on the canal after the flow of water is reduced. The Erie Canal is drained every year to allow repairs and maintenance over the winter.

How deep is the Erie Canal now?

Fast Facts

Canal dimensions, 1825 Original Erie 4 ft deep x 40 ft wide; locks 90 ft long
Canal dimensions, 1862 Enlarged Erie 7 ft deep x 70 ft wide; lock 110 ft long
Canal dimensions, 1918- present Erie Barge Canal 12-23 ft deep x 120-200 ft wide; locks 310 ft long
Cost to build $7,143,789

Is Erie Canal still in use today?

New York’s canal system has been in continuous operation since 1825, longer than any other constructed transportation system on the North American continent. Over the years, it has been enlarged three times to accommodate larger boats and more traffic.

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What replaced the Erie Canal?

Lawrence Seaway in 1959. The new waterway along the United States-Canadian border allowed large ships to enter the Great Lakes directly from the Atlantic Ocean, bypassing the Erie Canal.

Does the Erie Canal freeze?

Because it was so shallow, the Canal could freeze very quickly, trapping boats in ice. But the frozen canal also created many opportunities for recreation, such as ice skating at the widewaters or the aqueduct.

Why was the Erie Canal called Clinton’s Big Ditch?

On July 4, 1817, construction began in Rome, NY, on the Erie Canal. A mere four-feet-deep and forty-feet-wide, the waterway was nicknamed “Clinton’s Big Ditch” after Governor DeWitt Clinton, who pursued the goal of connecting Buffalo’s Lake Erie with the Hudson River without any support from the federal government.

How many Irish died building the Erie Canal?

While there are no official records of immigrant deaths, somewhere between 8,000 and 30,000 are believed to have perished in the building of the New Basin Canal, many of whom are buried in unmarked graves in the levee and roadway fill beside the canal.

Did slaves build the Erie Canal?

Lemmey points out that slavery was not yet abolished in New York during the construction of the Erie Canal, from 1817 to 1825. It ended in the state in 1827. She says that slaves and free blacks living in New York at the time were among those who built the waterway.

Why did US leaders build the Erie Canal?

The U.S. leaders wanted to build the canal in order to connect Lake Erie and other Great Lakes with the Atlantic Coast through a canal. This helped allow immigrants to be able to travel to that region easily. It also allow easier business and created more larger cities.

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