To primitive man living near river, lake or sea, the water road offered many considerable advantages over the land road. And it is fairly certain that, under the conditions stated, the invention of the coracle preceded the invention of the cart.

Throughout commercial history it is safe to say that, taken as a. Whole, water transport has been cheaper than land transport. Nor is the reason far to seek. Not only has the land road to be constructed, and this frequently entails great labour and expense.

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