Monday, March 05, 2007

Globalization Through the Telegraph Industry

Paul Starr gave us insight as to how the telegraph industry in the mid-19th century impacted global markets through the use of channelling. He states that the telegraph, "By virtue of its role in disseminating commercial information, it played a central role in the development of a national economy, and after the successful laying of a transatlantic cable in 1866, telegraph circuits began to link international markets more closely" (Starr, 178). The telegraph system set grounds for globalization as the commercial information became a mere focus within society, due to the rise of opportunities among businesses and people. Such technology enabled the global economy to boom through linkages of markets from miles and miles away. The world no longer needed orders to trade or do business. For example, China, one of the world's largest and most extensive global markets can no do business through wiring systems (via telegraph). The advent of the telegraph industry was a medium that provided a system of communication that was affluential among international markets.


At 7:41 AM, Blogger A. Mattson said...

A thoughtful post, but break it up into shorter paragraphs and be careful with your choice of words.

What do you mean by: "The world no longer needed orders to trade or do business."?


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