The Magnetic Telegraph, Price and Quantity Data, and the New Management of Capital

Document Type

Article

Publication Date

6-1992

Publisher

Economic History Association / Cambridge University Press

Abstract

The contribution to growth of telegraphic- as opposed to rail-speed transmission of financial asset and commodity price data remains unclear. With more certainty we can identify savings in the holdings of real capital-savings made possible by the use of the telegraph at the firm level to implement tight systems of logistical control.

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