Transportation Costs in the Antebellum U.S. A New County-Level Dataset with Time, Region, and Direction Specific Freight Rates, 1820–1860

Alexander Klein and Peter Matthews
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Alexander Klein: University of Sussex, UK, CAGE, CEPR
Peter Matthews: University of Kent

CAGE Online Working Paper Series from Competitive Advantage in the Global Economy (CAGE)

Abstract: We construct county-to-county transport cost data set for each decade between 1820 and 1860 in the United States using time-, region-, and direction of transport specific freight rates and the historical transport networks. We document several stylized facts about the effects of canals and railways on the average county-to-county transport cost, market access, and the role of new transportation network in the shaping the direction of domestic trade. We show that by 1860, the canals and railways led to the shift of the highest market access region from the Atlantic coast and Mississippi region to the Midwest and the Great Lakes region, and their absence would have increased the transport costs by more than sixty percent in the Northeast and by almost fifty percent in the South. In addition, by 1840, canals had substantially lowered the costs of transporting goods from the Midwest to the east, making the northern route cheaper than the original route via the Mississippi River and the Atlantic coast.

Keywords: transportation; canals; early railways; freight costs; market access JEL Classification: N71; N91; R40 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-his, nep-tre and nep-ure
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