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.
Erie Canal
Gouverneur Morris and Elkanah Watson were early proponents of a canal along the Mohawk River. Their efforts led to the creation of the "Western and Northern Inland Lock Navigation Companies" in 1792, which took the first steps to improve navigation on the Mohawk and construct a canal between the Mohawk and Lake Ontario, but it was soon discovered that private financing was insufficient.
Christopher Colles (who was familiar with the Bridgewater Canal) surveyed the Mohawk Valley, and made a presentation to the New York state legislature in 1784, proposing a shorter canal from Lake Ontario. The proposal drew attention and some action but was never implemented.