Historical Materials: New York City Locales, Businesses, & Buildings

New York City's large population and busy harbor meant that in the mid-nineteenth century it served as the largest domestic market for American products as well as the supplier for most of the export goods for the United States. In 1850 its population was larger than that of Philadelphia and nearly five times as large as that of Boston. (1)

The large broad harbor of New York, easily accessible from the Atlantic, encouraged foreign trade. But it also provided access to western New England and upstate New York via the Hudson River and southern New England via Long Island Sound. Between 1841-1850 New York handled an average of 60% of the U.S. imports and 30.5% of exports. (2) Piers, wharves, and docks ringed the south end of Manhattan: in 1850 over 60 on the East River served the foreign trade, while the 50 or more on the Hudson were filled with steamships and river boats to go up the river. (3) New York kept its position as the largest American seaport through its role as a market, a financial center, and its important position in the trade routes, but another advantage was its low wharfage rates. Although the wharves were notorious for their poor condition, in 1852 the cost to unload 1700 bales of cotton over two days in Boston or Baltimore was $68 while at a Hudson River pier it cost a mere $4.88. (4)

References:

See also: Robert Albion, The Rise of New York Port [1850-1871], David & Charles, 1971.

(1) Edward Spann, The New Metropolis: New York City 1840-1857, Columbia University Press, 1981, p.430.

(2) Spann p.436.

(3) Edwin G. Burrows and Mike Wallace, Gotham: A History of New York City to 1898, Oxford University Press, 1999, p.652.

(4) Burrows & Wallace, p.654