Instant communication on a global scale had…

Instant communication on a global scale had been made possible for the first time by the invention of the electric telegraph network, which, within twenty-nine years of its invention, crosses the oceans to every continent.

Its development enables newspapers to cover significant world events in near real-time, revolutionizes business, particularly trading businesses, and allows huge fortunes to be won and lost in a flurry of investment in research and infrastructure building that will not be be duplicated until the dot-com boom in the Internet Era, which will begin in 1996.