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The
steamboat industry was the engine of the city's economy during the
mid-19th century. At least a half-dozen shipbuilders were in operation,
and turned out a multitude of steamboats and packet boats, including the
Robert E. Lee, the Eclipse, and the A.A. Shotwell. Shipbuilding was
accompanied by a wide range of ancillary business, including machine
shops, foundries, cabinet and furniture factories, and silversmith shops.
Its second largest business was the American Plate Glass Works. By 1850,
New Albany was the largest city in Indiana, due to its river contacts with
the South. New Albany size and economic influence overshadowed all of it's
neighboring cities, including Louisville.
In 1853 the
New Albany High School opened, the first public high school in the state.
The original school was built at the corner of West First St. and Spring
St. New Albany would also be the first in the state to create a
consolidated school district several years later.
Before the
Civil War. Over half of Hoosiers with over $100,000 lived in New Albany
making it by far the wealthiest part of the
state.
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