More innovation in transportation: steam and canals
Following up on how the shipping container reduced loading costs by 97%, which reminded me of this datum on how steam power dramatically lowered transportation costs: “In pre-steam days it had cost $5 to carry 100 pounds up to Louisville [from New Orleans]. It had dropped to $2 by 1830, and soon fell to 25 […]
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Stephen R.C. Hicks's Blog
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