How important was the Erie Canal for American trade? | FT #shorts

Erie Canal's important part of what's called sometimes in American economic history books the transportation revolution. >> What did it actually do to trade. >> Well, the cost of moving that ton of wheat from where it was produced to the market in New York City was like 1/10 of what it had been previously.A 90% fall in transportation cost. And this is where the US begins to be knitted together and begins to grow rapidly. And Erie Canal was a major part of that.>> And it also cements New York as the financia ...