Plank Road Boom
In the late 1840s plank roads led to an investment boom and subsequent bust. The first plank road in the US was built in North Syracuse, New York in order to transport salt and other goods; it appears to have copied earlier roads in Canada that copied Russian ones. The plank road boom was like many early technologies, promising to transform the way people lived and worked, and led to permissive changes in legislation seeking to spur development, speculative investment by private individuals, etc. Ultimately the technology failed to live up to its promise and millions of dollars in investments evaporated almost overnight.
Three plank roads, the Hackensack, the Paterson and the Newark, were major arteries in northern New Jersey, which connected the Hudson River waterfront to the cities after which they are named on the other side of the Hackensack Meadows.
Kingston Road (Toronto) (Governor's Road), Danforth Avenue in Toronto were plank roads built by the Don and Danforth Plank Road Company in the late 18th and early 19th Centuries. Highway 2 (Ontario) from Toronto eastwards was once plank roads in the 19th Century and later paved.
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Famous quotes containing the words plank, road and/or boom:
“And then a Plank in Reason, broke,
And I dropped down, and down—
And hit a World, at every plunge,
And Finished knowing—then—”
—Emily Dickinson (1830–1886)
“Here is no water but only rock
Rock and no water and the sandy road
The road winding above among the mountains
Which are mountains of rock without water
If there were water we should stop and drink
Amongst the rock one cannot stop or think”
—T.S. (Thomas Stearns)
“California is a place in which a boom mentality and a sense of Chekhovian loss meet in uneasy suspension; in which the mind is troubled by some buried but ineradicable suspicion that things had better work here, because here, beneath that immense bleached sky, is where we run out of continent.”
—Joan Didion (b. 1935)