USA HISTORY

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: -Beginning in 1850, submarine telegraph cables allowed for the first rapid communication between continents. Electrical telegraph networks permitted people and commerce to transmit messages across both continents and oceans almost instantly, with widespread social and economic impacts.

Detailed explanation-4: -It cut down on the amount of time it took to send messages to each other. As the telephone network grew, it also expanded the area that a business could reach. Businesses began to use telephones to connect offices with each other and to build a stronger network of customers.

Detailed explanation-5: -As the first means of long-distance communication, the telegraph changed the shape of American society. The telegraph expanded the business possibilities and expedited the work of a variety of professions, including bankers, brokers, lawyers, and hotel proprietors.