History of Domestic and Foreign Commerce of the United States - Vol. 1

By Emory R. Johnson; T. W. Van Metre et al. | Go to book overview
Save to active project

CHAPTER XVII.
ORGANIZATION AND MANAGEMENT OF INTERNAL TRADE.
Transportation and communication , 296.
The express service , 298.
The telegraph and postal services, 299.
Functions and development markets and produce exchanges, 300.
Federal and State banking , 303.
First and second United States Banks, 304.
Regulation of banks by the States and the consequences , 305.
Development of corporations , 307.
Evils resulting from lack of regulation , 309.

It is intended to present in this chapter a short account of the development during the nineteenth century of some of the more important commercial institutions and commercial practices by means of which the growth of the internal trade of the United States was facilitated and its operations given a greater degree of safety, certainty, and regularity. To give a history of all the changes in the methods and means employed by buyers and sellers to meet and transact their business and to describe in detail the exact manner in which the operations of commerce were carried on during the course of the century would require more space than can here be given to those topics. However, the number and importance of the innovations and modifications in the commercial processes of the nation render it necessary to give at least a brief survey of the history of the institutions, to the influence of which was due in a large measure the great transformation which took place in economic and commercial conditions.


TRANSPORTATION AND COMMUNICATION.

As regards changes in the field of transportation, enough has been said in previous chapters concerning the advance made in mechanical processes. Attention has also been called to the close relations that existed between the progress of internal trade and the evolution of the inland transportation system through the various stages of winding trail, inferior earth road, turnpike, canal, and railroad. No other single feature of the progress of the work during the nineteenth century was more significant than the improvement and development of "the inventions which abridge distance," and no country reaped greater benefits from the changes in the means of transportation than did the United States. To the continuous improvement of the methods of carrying goods from place to place, more than to any other single cause, was due the rapid progress of domestic trade. Space and time and the difficulties imposed by the physical features of the surface of the earth and the wide variety of climatic conditions were all overcome, and the operations of trade largely relieved of the burdens formerly imposed by elements of risk and chance.

An important advantage coming with the improved system of transportation was the possibility of securing through freight service over long distances, regardless of the number of carriers employed in the

-296-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
Loading One moment ...
Project items
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited page

Bookmark this page
History of Domestic and Foreign Commerce of the United States - Vol. 1
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

While we understand printed pages are helpful to our users, this limitation is necessary to help protect our publishers' copyrighted material and prevent its unlawful distribution. We are sorry for any inconvenience.
Full screen
/ 364

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.

Are you sure you want to delete this highlight?