The United States Since the Civil WarLingley, Charles Ramsdell
History
The United States Since the Civil War
Lingley, Charles Ramsdell
United States -- History -- 1865-1921
Manifestly the extension of agriculture and industry in so large a
country as the United States was dependent upon the corresponding
growth of the means of transportation, both by water and by rail. A
detailed account of the expansion of the railway net, with the
accompanying' implications in the fields of finance and politics, is a
matter for later consideration. Certain of its general features may be
mentioned, however, because they are intimately interwoven with the
economic developments which have just been explained. The concentration
of the population in the cities, of which New York and Chicago were
outstanding examples, was one of these features. From the time of the
first census, the city of New York continued to maintain its position
as the most populous city of the nation. Between 1850 and 1890 it added
a round million to its numbers, containing 1,515,000 persons at the
later date. Moreover it was the center of a thriving and thickly
settled region extending from New Haven on the one side to Philadelphia
on the other--the most densely populated area in America. The
uninterrupted expansion of the city indicated that the reasons for its
growth were constant in their operation. And, in fact, the reasons were
not difficult to find. It was blessed with one of the world's finest
harbors and had access to the interior of the state by way of the
Hudson and Mohawk rivers. These natural advantages had long since been
recognized and had been increased by the construction of the Erie Canal
in 1825 which, with the Great Lakes and the several canals connecting
the Lakes with the Ohio Valley, had given New York an early hold and
almost a monopoly on the trade between the upper Mississippi, the Lakes
and the coast. The city, therefore, became an importing and exporting
center; its shipping interests grew, immigration flowed in, and its
manufacturing establishments soon outstripped those of any other
industrial center; the great printing and publishing, banking and
commercial firms were drawn irresistibly to the most populous city, and
Wall Street became the synonym for the financial center of the nation.
Public-domain text, read in full here on John Shaqi.
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