Which was most responsible for the rapid economic growth of New York City during the 19th century?

1. presence of the New York Stock Exchange


2. rise of domestic and foreign commerce


3. rise or urban transportation


4. migration of blacks from rural south





and can anyone tell me why?


thnx =)
Which was most responsible for the rapid economic growth of New York City during the 19th century?
2





There is a wonderful book you ought to check out---


""Gotham: A History of New York City to 1898


by Edwin G. Burrows (Author), Mike Wallace"


Which though the size of the New York Telephone Books (both white %26amp; yellow pages) is readable and atually fun to peruse. In this book the authors illustrate how New York City became not only the primary port for America but for all of America not only due to the wonderful port but due to the concentration of capital/money in NY City plus the brainpower.





A bit of that was the Erie Canal which carried grain and other cargo from the American Midwest but most importantly crops which one would think the South could ship on their own, primarilly cotton, were first carried to New York before being transshipped to Europe.





Much of this was due to the aggressiveness of New York Cities' Merchant-Bankers and much was due to the Steam Roller Effect. Simply put once New York was on a roll the city was impossible to stop. Anyone attempting to compete faced defeat because New York City simply grew bigger and bigger. Quite swiftly Southern Cotton Interests had so much money tied up with New York City Merchant-Bankers that they could not fight back. Much of this explains why Southerners blame the North in particular New York City for their financial woes but that would require an even longer explanation.


A final note - - - - New York City merchant-bankers were ruthless under their guidance the New York City region became the primary port for both incoming and outgoing cargo throughout the 19th Century.





Peace/////////////////\\\\\\\\\\\\\\\\...

flower arrangements