For
the majority of human existence communication was tied directly to the efficiency
and speed of transportation. Today, they have almost nothing to do with each
other but backtrack to the 1800’s and geography was the primary antagonist to
any form of communication over long distance. The invention of the Telegraph in
the 1830’s changed all of this and laid the foundation for the current networks
of digital communication that exist today.
In the United States, confidence grew quickly in
the new device following several successful demonstrations by Samuel Morse in
1844. Lines quickly spread across the country and rapidly grew from only 40 miles
of cable in 1846 to 23,000 in 1852.
On October 24th 1861, the first transcontinental cable was established connecting the East and West coasts. The effects of this were immediate as demonstrated by the closing of the famous Pony Express only two days later.

The network grew globally as well. The first continually successful transatlantic telegraph cable was laid in 1866 and connected North America to the United Kingdom. This cable had the ability to transmit up to eight words a minute, which was a dramatic improvement over the ten days it would take a ship to make the journey.
The ability to send time sensitive information over long distances prior to it becoming historic changed many industries. Trade in particular was impacted as “near real time” information on stock prices was able to be transmitted and received by brokers thanks to the invention of the Ticker Tape machine by Tomas Edison in 1869. This increased both the speed at which trades were performed and the accuracy of particular quotes.

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