Why did the price of goods fall when the Erie Canal opened?

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Tom Marthenal · Answer 1 · 2021-09-29T18:04:14+0000

Answer:

One reason that food prices dropped when the Erie Canal opened was that the cost of transporting food was reduced by using this waterway. The canal of 1825 made the cost of moving goods from inland to seaports faster and cheaper.

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Why did the price of goods fall when the Erie Canal opened?

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Why did the price of goods fall when the Erie Canal opened?