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The years 1800-1830 are sometimes designated "the turnpike era," since in the 1830s canals and railroads began eclipsing the old wagon roads. Its true that long distance travel went by water and rail, but the journey often began on one of the many short toll roads feeding the system. This paper...
Persistent link: https://www.econbiz.de/10010817959
Turnpike companies were the exemplary type of early American business corporation: they were the most prevalent, they were the most community laden, and they were unprofitable. The turnpike experience enhances our understanding of the evolution of the law of private and public corporations. We...
Persistent link: https://www.econbiz.de/10010593321
The importance of canals and railroads has hardly grown "deeper and deeper," but at least they had their day. As for plank roads, most people have never heard of them. The historical obscurity of plank roads reflects the general scholarly neglect of nineteenth-century roads. Excellent work has...
Persistent link: https://www.econbiz.de/10010593322
From 1847 to 1853 New Yorkers built more than 3,500 miles of wooden roads. Financed primarily by residents of declining rural townships, plank roads were seen as a means of linking isolated areas to the canal and railroad network. A broad range of individuals invested in the roads, suggesting...
Persistent link: https://www.econbiz.de/10010676847
The story of how the Empire State ignited the transportation revolution has been told many times. The construction of the Erie Canal (completed in 1825 and still the subject of books and articles) propelled New York City and the rest of the state to economic supremacy, prompting commercial...
Persistent link: https://www.econbiz.de/10010677027
Plank road fever struck New York when George Geddes and other promoters greatly exaggerated the durability of the wooden surfacing. Within a few years Americans built hundreds of plank roads across the nation. The episode highlights how promoters diffused investment information in an era with...
Persistent link: https://www.econbiz.de/10010677349