Continue on Rte. 7 north, passing the junction for Rte. 112 and Lime Rock Park Race Track to the junction of Rte. 7 and Rte. 126. For a side trip before reaching Falls Village, to Beebe Hill School, continue on Rte. 7 north to Beebe Hill Rd., the school is on your left. The original school was built in 1843, destroyed by fire and rebuilt. The school was last used in June 1918. Retrace your steps. Take Rte. 7 north to Rte. 126 north, bear left on Main St. to Falls Village.
Falls Village remains much the same today as it did in the 1840's when it was established as a station stop on the Housatonic Railroad. The decision to establish a station here was motivated by the expected development of manufacturing using waterpower from the river. Falls Village grew into a bustling community with the establishment of the Ames Iron Works that became a major producer of cannon for the civil war but was bankrupted when the war ended. Technological advances in steel making made neighboring iron foundries obsolete and Falls Village became an economic backwater for over one hundred years. As a result, the town is remarkably preserved. Today, the depot, inn, banks, street layout, and houses, maintain their 19th century integrity, giving an accurate picture of the community's organization a century and a half ago. The buildings on Main St. include excellent, unaltered examples of Greek Revival, Italianate, Second Empire and Queen Anne styles of architecture.
The collections of the Falls Village-Canaan Historical Society Museum (left on Railroad St.) include local histories, family histories and notebooks, iron industry records, maps, and some house studies.
Today, the principal industry in Falls Village is the production of hydroelectric power from the "Great Falls" which attracted the first settlers here and gave this village its name. To reach a scenic view of the falls take a right off of Main St., bear left on Water St., cross the iron bridge, take an immediate right on Falls Mountain Rd., bear right on Housatonic River Rd. to the parking area on the right. Retrace your steps to Rte. 7.