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It is approximated that in between 1857 and 1867 the business's worth grew by 11,000 percent. In 1866, its network consisted of about 100,000 miles of wire and its capital stock worth remained in excess of $40 million. At the end of the 19th century, demands for restrictions on Western Union's power led to the passage of the Mann-Elkins Act of 1910, giving the Interstate Commerce Commission regulatory oversight of telegraph rates.
By this time, the radio and telephone had lessened the impact of the telegraph. World Modifications Due to the Telegraph, Prior to the telegraph, interaction in the 1830s was about the like it had actually been in the years just after Gutenberg's development of the printing press. It took days, weeks, and even months for messages to be sent out from one area to a distant position.
Prior to the telegraph, politics and business were constrained by geography. The world was divided into isolated areas. There was limited knowledge of nationwide or global news, and that which was shared was generally rather dated. After the telegraph, the world altered. It appeared as if information could flow like water.
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The telegraph would change organization and politics. It would make the world smaller sized, erase national competitions and contribute to the facility of world peace. It would make papers outdated. All of the very same declarations were made in the 1990s by individuals who were wowed by the first-blush capacity of the Internet.
Smith in 1838, Morse composed:"This mode of rapid interaction need to inevitably become an instrument of tremendous power, to be wielded for good or for wicked, as it shall be appropriately or poorly directed."The response of Senator Smith of Indiana after a demonstration of the telegraph by Morse for members of Congress in 1842, as reported in the 1915 book "A History of Travel in America":"I enjoyed his countenance closely, to see if he was not psychopathic and I was ensured by other senators after we left the room that they had no self-confidence in it."When Another Point of View was asked to supply funds for a telegraph line in between Baltimore and New York City, the Congressional Globe (28th Congress, 2nd session) reported that Sen.
