Field estimates that the telegraph saved the US ~$1B (7% of nominal 1890 GDP) on railroad construction alone.pic.twitter.com/KnbYltpOI2
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Field estimates that the telegraph saved the US ~$1B (7% of nominal 1890 GDP) on railroad construction alone.pic.twitter.com/KnbYltpOI2
@patrickc Important point. There has always been disruption.
@alamin_uddin http://patrickcollison.com/bookshelf is the closest version I have
@patrickc another good angle on predictions: why did US Telegraph Corps get Meyer fired from Signal Corps in 1863?https://twitter.com/daviottenheimer/status/660311501606010880 …
@patrickc Patrick, indeed. Up till the railroad & telegraph in the US there was no universal time. Each city made their own time standard.
@BrianRoemmele @patrickc more like in spite of railroad & telegraph US was able by 1918 Calder Act to agree on time https://books.google.com/books?id=Xf_D6DpKlD0C&pg=PA90 …
@patrickc exactly! see the new TX history exhibit. it shows major impact of new American infrastructure was race warhttps://twitter.com/daviottenheimer/status/695851187174649856 …
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