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Course and Navigation
The Mississippi River rises in small streams that feed Lake Italaska (alt. 1,463 ft/446 m) in N Minnesota and flows generally south to enter the Gulf of Mexico through a huge delta in SE Louisiana. A major economic waterway, the river is navigable from the sediment-free channel maintained through South Pass in the delta to the Falls of St. Anthony in Minneapolis, with canals circumventing the rapids near Rock Island, Ill., and Keokuk, Iowa. For the low-water months of July, August, and September, there is a 45-ft (13.7-m) channel navigable by oceangoing vessels from Head of the Passes to Baton Rouge, La., and a 9-ft (2.7-m) channel from Baton Rouge deep enough for barges and towboats to Minneapolis. The Mississippi connects with the Intracoastal Waterway in the south and with the Great Lakes–St. Lawrence Seaway system in the north by way of the Illinois Waterway.
Along the river's upper course shipping is interrupted by ice from December to March; thick, hazardous fogs frequently settle on the cold waters of the unfrozen sections during warm spells from December to May. In its upper course the river is controlled by numerous dams and falls c.700 ft (210 m) in the 513-mi (826-km) stretch from Lake Itasca to Minneapolis and then falls c.490 ft (150 m) in 856 mi (1,378 km) from Minneapolis to Cairo, Ill. The Mississippi River receives the Missouri River 17 mi (27 km) N of St. Louis and expands to a width of c.3,500 ft (1,070 m); it swells to c.4,500 ft (1,370 m) at Cairo, where it receives the Ohio River.

Role of the river
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Electricity production on the river |
the Mississippi River allowed access to the Southeast from the gulf coast, and was tremendously important in allowing the colonization of that part of the United States.
In addition, I would say that access to the river encouraged agriculture in the region, since without the Mississippi and its tributaries, there would have been no easy way to transport bulk commodities from the plantations to the end markets in the Northeast and in Europe.
Finally, the ease of transport also helped foster the slave trade. Transporting slaves overland would have been a much more difficult and expensive proposition than simply loading them on a boat and opening the hatch again at the destination, requiring much more manpower to keep control and opening the slavetraders to a much higher possibility of slave revolts or other mishaps.
The Mississippi river was critical in the development of southeast, and remains so even today. In later times, the Mississippi river and its tributaries allowed for the Tennessee Valley Authority to develop the system of dams that powers much of the region today, and it remains an important transport route for bulk cargo.
In addition, I would say that access to the river encouraged agriculture in the region, since without the Mississippi and its tributaries, there would have been no easy way to transport bulk commodities from the plantations to the end markets in the Northeast and in Europe.
Finally, the ease of transport also helped foster the slave trade. Transporting slaves overland would have been a much more difficult and expensive proposition than simply loading them on a boat and opening the hatch again at the destination, requiring much more manpower to keep control and opening the slavetraders to a much higher possibility of slave revolts or other mishaps.
The Mississippi river was critical in the development of southeast, and remains so even today. In later times, the Mississippi river and its tributaries allowed for the Tennessee Valley Authority to develop the system of dams that powers much of the region today, and it remains an important transport route for bulk cargo.
Also, the river gives an opportunity to produce electricity.
http://answers.ask.com/Science/Nature/why_is_the_mississippi_river_important
http://answers.ask.com/Science/Nature/why_is_the_mississippi_river_important
Role in civil war
The control of the river was of strategic importance to both sides during the war. The North had set up a blocade in some major southern cities. To fully contain them they needed to also have control of the river. Roads at this time were not very well maintained. There were some railways, but these were limited. River travel was still the quickest and easiest way to travel during this time. Large amounts of troops and supplies could be transported in this way. The Mississippi also has many tributaries. Who ever controlled it would in turn control these lesser waterways.
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