Responding to Relative Decline: The Plank Road Boom of Antebellum New York
John Majewski,
Christopher Baer and
Daniel Klein
The Journal of Economic History, 1993, vol. 53, issue 1, 106-122
Abstract:
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 that the drive for bigger markets was supported by a large cross section of the population. Considerable community spirit animated the movement, indicating that New Yorkers used the social capital of the community to reach their entrepreneurial aspirations.
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jechis:v:53:y:1993:i:01:p:106-122_01
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