Telephone and its Impacts
Invention of Telephone and its Influences on Economy in the United States
In this research essay, I am going to find out the effects of invention of telephone on economy in the United States. Alexander Graham Bell, in the process of perfecting telegraph, designed telephone in 1876 that could transmit speech electrically. One year later, in 1877, he formed the Bell Telephone Company. The invention of telephone allowed everyone, including the poverty-stricken to have communication with others. Moreover, it also had influences on the economy of the country. New markets were developed that gave women an opportunity to work as telephone operator, increasing the number of jobs and promoting the economy. Report Prepared by University of Wisconsin Center for Cooperatives says, “There are approximately one million memberships and 12,000 employees.” Before the development of these markets, the president of the company would locate himself near the production line to give instructions.
Recent advances in telecommunications technology have been an important vehicle in permitting information exchange to develop as a valuable commodity. Researchers have found a number of evidences about the positive and significant effects of telecommunication in the economy of the country. For example, Ding & Haynes, (2006) show that the accumulation of telecommunications infrastructure improves the overall productive capacity at the regional level by examining the impact of telecommunications infrastructure on economic output both at the aggregate and sectoral levels in the United States. Thus, this paper finds that there are significant and positive impacts of invention of telephone on America’s economy.
Ding, L. & Haynes, K. (2006). The role of telecommunications infrastructure in regional economic growth in china. Australasian Journal of Regional Studies, 12(3), 281-302.
Sterling, C. H. (2004). CBQ REVIEW ESSAY: HISTORY OF THE
In this research essay, I am going to find out the effects of invention of telephone on economy in the United States. Alexander Graham Bell, in the process of perfecting telegraph, designed telephone in 1876 that could transmit speech electrically. One year later, in 1877, he formed the Bell Telephone Company. The invention of telephone allowed everyone, including the poverty-stricken to have communication with others. Moreover, it also had influences on the economy of the country. New markets were developed that gave women an opportunity to work as telephone operator, increasing the number of jobs and promoting the economy. Report Prepared by University of Wisconsin Center for Cooperatives says, “There are approximately one million memberships and 12,000 employees.” Before the development of these markets, the president of the company would locate himself near the production line to give instructions.
Recent advances in telecommunications technology have been an important vehicle in permitting information exchange to develop as a valuable commodity. Researchers have found a number of evidences about the positive and significant effects of telecommunication in the economy of the country. For example, Ding & Haynes, (2006) show that the accumulation of telecommunications infrastructure improves the overall productive capacity at the regional level by examining the impact of telecommunications infrastructure on economic output both at the aggregate and sectoral levels in the United States. Thus, this paper finds that there are significant and positive impacts of invention of telephone on America’s economy.
Ding, L. & Haynes, K. (2006). The role of telecommunications infrastructure in regional economic growth in china. Australasian Journal of Regional Studies, 12(3), 281-302.
Sterling, C. H. (2004). CBQ REVIEW ESSAY: HISTORY OF THE