Economic History of St. Louis Essay

1851 Words Dec 17th, 2006 8 Pages
Davey Oetting
12/1/06
History of St. Louis
St. Louis was acquired from France by the United States under President Thomas Jefferson in 1803, as part of the Louisiana Purchase. It was founded by the French in 1764 when Auguste Chouteau established a fur-trading post and Pierre Laclède Liguest, a New Orleans merchant, founded a town at the present site. They named it after King Louis XV of France and his patron saint, Louis IX. From 1770 to 1803, St. Louis was a Spanish possession, but it was ceded back to France in 1803 in accordance with the Treaty of San Ildefonso (1800), only to be acquired by the U.S. as part of the Louisiana Purchase later that year. The town was incorporated in 1809. From 1812 to 1821, St. Louis was the capital of
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Also wagon supplies for troubles on the road, which helped all of the local wood workers, clothing for warmth which helped the cloth and cotton industry in the St. Louis area. "Manifest Destiny" and the convenient location of the city helped boosted St. Louis during the 1840s and 1850s.
Along with the commercial flow through the city, the flow of immigrants also helped boost the economy in St. Louis. Immigrants flooded into St. Louis after 1840, particularly from Germany, Bohemia, Italy and Ireland, the latter driven by an Old World potato famine. The population of St. Louis grew from fewer than 20,000 in 1840, to 77,860 in 1850, to just over 160,000 by 1860. It is important to realize that immigrants do not cause native unemployment, even among low-paid or minority groups. A spate of respected recent studies, using a variety of methods, agrees that "there is no empirical evidence documenting that the displacement effect [of natives from jobs] is numerically important" (Borjas 19). The explanation is that new entrants not only take jobs, they make jobs. The jobs they create with their purchasing power, and with the new businesses which they start, are at least as numerous as the jobs which immigrants fill. Between 1840 and 1850, St. Louis continued rapid growth, both in area and population. An important factor in the population

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