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Frequently Asked Questions

How much did it cost to build the Erie Canal?

Here are some of the facts available: The original Erie Canal cost $7 million to build and this was carried out over the years 1818 to 1825. The legislative act allowing bonds to be sold to finance the canals' construction specified a maximum interest rate of 6 percent.

Why was the Erie Canal constructed?

The Erie Canal was first proposed in 1768 because settlers needed a way to travel from the East Coast to the land they were settling. They needed to be able to get produce and materials. The proposal to build the canal was finally passed in 1808 and the digging began in 1817.

Who financed the construction of the Erie Canal?

The Commission to Explore a Route for a Canal to Lake Erie and Report, known as the Erie Canal Commission, was a body created by the New York State Legislature in 1810 to plan the Erie Canal. In 1817 a Canal Fund led by Commissioners of the Canal Fund was established to oversee the funding of construction of the canal.

How the Erie Canal was constructed?

The Ohio and Erie Canal was a canal constructed during the 1820s and early 1830s in Ohio. It connected Akron with the Cuyahoga River near its outlet on Lake Erie in Cleveland, and a few years later, with the Ohio River near Portsmouth. It also had connections to other canal systems in Pennsylvania.

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