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.
Chittenango, New York
Initial growth of this village is largely attributed to the construction of the Erie Canal which officially opened in 1825, joining Buffalo on Lake Erie with Albany, the capital of New York, and the Hudson River. The Erie Canal passes just north of the village. The Chittenango Canal Company, incorporated in 1818, constructed a canal in length connecting Chittenango to the Erie Canal. The village became a virtual canal town upon the construction of the Chittenango Canal Boat Landing, which featured a three-bay dry dock where canal boats were built and repaired. The canal brought prosperity, growth and expansion to the village. It created a need for inns, hotels and restaurants, and area farms and factories found the canal useful as an inexpensive and easy way to ship goods further along the canal or beyond. Because the canal connected to the Hudson River, boats were able to ship goods south to the metropolis of Manhattan.