Economic history of the United States
The 325-mile Erie Canal, which connected Albany, New York, on the Hudson River with Buffalo, New York, on Lake Erie, began operation in 1825. Wagon cost from Buffalo to New York City in 1817 was 19.2 cents per ton-mile. By Erie Canal c. 1857 to 1860 the cost was 0.81 cents. The Erie Canal was a great commercial success and had a large regional economic impact.
Lockport (city), New York
The New York State Legislature authorized the Erie Canal's construction in April 1816. The route proposed by surveyors was to traverse an area in central Niagara County, New York, which was then "uncivilized" and free of White settlers. At the time, the nearest settlers were in nearby Cold Springs, New York. As it became known where the proposed canal was to be built, land speculators began to buy large plots along and near the proposed route of the canal. By December 1820, when the exact location of the step locks had been determined, the area that would become Lockport was owned by only fifteen men, many of whom were Quakers.