Falling transportation costs in the 19^th century

Question

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Falling transportation costs in the 19th century fostered regional specialization according to comparative advantage by making it cheaper to transport goods, allowing regions to focus on producing what they were best at and trade for the rest. This also propelled the process of western expansion by making it more feasible to move goods and people across larger distances, thus encouraging settlement and development in the West.

Falling Transportation Costs in the 19th Century

Falling Transportation Costs in the 19^th Century