08 Вђ“ Telegraph -

It allowed for the centralization of financial markets in New York, as stock and commodity prices could be updated in real-time across the country.

The Associated Press was formed in 1848 specifically to pool the costs of transmitting news via telegraph. 08 – Telegraph

The telegraph revolutionized society by separating communication from transportation . Before its invention, messages could only travel as fast as a horse or ship; afterward, information moved nearly instantaneously . It allowed for the centralization of financial markets