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Telegraph service permitted short texts to be sent cheaply and arrive in a matter of minutes to hours, instead of days or weeks. Telegraphy facilitated faster and more profitable freight and passenger railway traffic, consolidated financial and commodity markets, sped political news and commentary, and lowered information costs for companies. [1]
The Law Telegraph Company was an American company engaged in facilitating communications between lawyers in New York City. It was the first company to provide telephone services in the city. In early 1874, William A. Childs proposed to establish a ticker system for lawyers similar to the one provided for stock quotations.
The electric telegraph was slower to develop in France due to the established optical telegraph system, but an electrical telegraph was put into use with a code compatible with the Chappe optical telegraph. The Morse system was adopted as the international standard in 1865, using a modified Morse code developed in Germany in 1848. [1] The ...
Telegraphs typically operated between two telegraph offices and the messages written on a telegraph note and hand delivered to the recipient. In the 1890s and 1900s the Telegraph authorities were faced with the dilemma of modernising the old telegraph systems, then in use for 40 or more years, to new voice telephone systems.
The primary goal of the law was to "let anyone enter any communications business – to let any communications business compete in any market against any other." [2] Thus, the statute is often described as an attempt to deregulate the American broadcasting and telecommunications markets due to technological convergence. [3]
The fixed costs of maintaining and operating the telegraph system would still have to be paid. [238] The press rate was not increased until 1940 when it went up to one shilling and threepence (6.3p), the result of a general increase in all charges.
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Commercial law (or business law), [1] which is also known by other names such as mercantile law or trade law depending on jurisdiction; is the body of law that applies to the rights, relations, and conduct of persons and organizations engaged in commercial and business activities.