THE VIRGINIA DYNASTY 1801 1825
AMERICAN INDUSTRIALIZATION FACTORY SYSTEM AND MARKET REVOLUTION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It helped the federal government restrict businesses activities, encouraging industrial growth.
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It helped business owners communicate and create monopolies, hurting industrial growth.
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It allowed businesses to communicate more quickly, encouraging industrial growth.
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It allowed foreign companies to boycott American goods, hurting industrial growth.
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Detailed explanation-1: -By transmitting information quickly over long distances, the telegraph facilitated the growth in the railroads, consolidated financial and commodity markets, and reduced information costs within and between firms.
Detailed explanation-2: -A brief historical overview: The printing press was the big innovation in communications until the telegraph was developed. Printing remained the key format for mass messages for years afterward, but the telegraph allowed instant communication over vast distances for the first time in human history.
Detailed explanation-3: -The Telegraph The electric telegraph was an important invention born out of Joseph Henry’s electromagnetic motor. The idea is to generate a coded electric signal at one location, send it through a wire over a long distance, and decode the message at a distant location.