Economic History of the United States

Cover Economic History of the United States
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The mules which drew the coal cars or wagons up the incline rode down the incline on the cars. Another railroad for carrying coal was constructed from Carbondale, Pennsylvania, to the terminus of the Delaware and Hudson Canal at Honesdale. These first American railroads were designed for special purposes and were not for public use. Their superiority over ordinary highways for the speedy transportation of The Eocket heavy loads induced many people in America to believe that railroads would be s...uperior to turnpikes and canals in ordi- nary transportation. This feeling was also common in England, and in 1826 some English capitalists began to construct a railroad between Liverpool and Manchester. The same year the Mohawk and Hudson Railroad Company was chartered by the State of New York to build a railroad between Albany and Schenectady. It did not begin con- struction however until 1830. The first public railroad in the United States was the Baltimore and Ohio. Some Baltimore capitalists, who were skeptical of the success of the Chesapeake and Ohio Canal, were authorized by the 278 INTERNAL IMPROVEMENTS Maryland legislature in 1827 to organize a corporation to build a railroad from Baltimore to the Ohio River.

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