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title = 'The Distance from New York to Boston' | ||
date = 2023-10-21T20:28:09-05:00 | ||
draft = false | ||
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We take for granted today the ability to pick up a tele- phone or send an email to anywhere in the world and expect the recipient to have that message immediately. But in times past, messages needed physical transport and their transmission time was restricted by geogra- phy. Consider the business dealings between New York and Boston (Figure 8.13). | ||
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In the early 19th century, the only way a New Yorker could manage a business in Boston was to send an emissary up by stagecoach. That took a day and a half, and a round trip could consume the better part of a week. Things got better as the roads improved, and even better with rail- ways. Along came the telegraph service in the 1840s and 1850s, dropping the delay for pure exchanges of informa- tion (which could include monetary transactions) to zero. |
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