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:
“Life is a thin narrowness of taken-for-granted, a plank over a canyon in a fog. There is something under our feet, the taken-for-granted. A table is a table, food is food, we are we—because we don’t question these things. And science is the enemy because it is the questioner. Faith saves our souls alive by giving us a universe of the taken-for-granted.”
—Rose Wilder Lane (1886–1968)
“Evil can be got very easily and exists in quantity: the road to her is very smooth, and she lives near by. But between us and virtue the gods have placed the sweat of our brows; the road to her is long and steep, and it is rough at first; but when a man has reached the top, then she is easy to attain, although before she was hard.”
—Hesiod (c. 8th century B.C.)
“The cohort that made up the population boom is now grown up; many are in fact middle- aged. They are one reason for the enormous current interest in such topics as child rearing and families. The articulate and highly educated children of the baby boom form a huge, literate market for books on various issues in parenting and child rearing, and, as time goes on, adult development, divorce, midlife crisis, old age, and of course, death.”
—Joseph Featherstone (20th century)