1. CANALS:THE PATHWAY TO SUCCESS WHY YOU NEED TO FUND CANALS By ShrimanDesikan Andy Gregor Josh Hejka Jason Liguori Peter Sonnega

2. What are canals? Peter A manmade waterway Used for: Connecting two bodies of water together Creating a path around a certain location Transportation and trading purposes

3. Why are canals important? Peter Provides water power and a means of transportation Creates a path around a location Allows for a short path between two locations Decreases trading and transportation costs Economic boosts

4. Why are canals important?They boost the economy Peter Employs many workers to create the canals Many tools will need to be bought to create the canals Small towns along the way will experience an economic boost Travellers will need to buy supplies, food, and a place to sleep More goods and services to be bought (cheaper goods; services may be needed, like doctors, etc.) Boats cost money to buy

5. Why are canals important?They cause price convergence Josh The convergence between the different markets brings prices closer together, lowering commodity prices and transportation costs The price of many commodities and of transportation are significantly decreased Allowing Americans to buy and ship goods from a father distance for lower prices Boosts economy (less cost, more supply)

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7. Josh Ohio River Roads Canal

8. Why are canals important?They provide for a means of transportation and energy Josh Straight line – quickest between two places Rivers are too windy and inefficient The chart a few slides ago showed that after canals were invented, costs of water shipping went down Many canals were used to supply power to factories

9. Why won’t roads do the trick? Roads are extremely expensive to build and maintain unless they are poor quality Land travel is too expensive (see previous chart) There will not be any economic boost along these roads Some to most will be toll roads Peter

10. Why won’t boats do the trick? There is more of a cost to transport on boats than on canals The economy won’t be affected – no new pathways You can’t control where rivers go – you are limited to what you already have Peter