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For a number of reasons business enterprise in New York grew by leaps and bounds between 1825 and 1860 New Yorks growth between the years 1825 and 1860 can be attributed to a number of factors These include but cannot be limited to the construction of the Erie Canal the invention of the telegraph the developed of the railroads the establishment of Wall Street and banking the textile shipping agriculture and newpaper industries the development of steam power and the use of iron products On October 26 1825 the Erie Canal was opened The canal immediately became an important commercial route connecting the East with the Ohio and Mississippi Valleys With tht time of travel cut to one-third and the cost of shipping freight cut to one-tenthof the previous figures commerce via the canal soon made New York City the chief port of the Atlantic The growing urban population and the contruction of canals railroads and factories stimulated the demand for raw materials and food stuffs In 1836 four-fifths of the tonnage over the Erie Canal came from western New York North 105 Much of this cargo was in the form of agriculture goods The farmer become a shrewed businessaman of sorts as he tended to produce whatever products would leave him the greatest profit margin The rise of the dairy industry was by far the most significant development in the agricultural history of the state between 1825 and 1860 Farmers discovered that cows were their most relliable money-makers since both the domestic and foreign market kept demanding more dairy products Ellis 273 Price flucuations became increasingly important for the farming population between 1825 and 1860 Prices rose from the low level of the early 1820s until the middle 1830s and the farmers shared in the general prosperity 271 Although the rapid industrialization and urbanization of New York had a great deal to do with the success of agricultural markets sporadic demand from aboard as
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