The Telegraph and Stock Exchanges : How Innovations in Communications Technology Influenced Regional Exchanges in the United States, 1830-1860
Language: English
Published by Springer, 2024
Series: Book 104 of 104 - Palgrave Studies in Economic History
- Hardcover
- New
Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH
AbeBooks seller since August 14, 2006
Condition: New
£ 57.00
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Add to basketItem description from seller
Druck auf Anfrage Neuware - Printed after ordering - This book chronicles the ascension of the New York Stock Exchange, detailing its remarkable rise to preeminence and its lasting impact on financial history.In the 1830s, New York, Philadelphia, and Boston each had a stock exchange. These were the New York Stock Exchange (NYSE), Philadelphia Stock Exchange, and Boston Stock Exchange. As there was no reliable means of communicating between these cities in real time, each exchange served its local market. The 1840s brought an innovation in communications technology: the telegraph, which, in time, brought these exchanges into competition with each other.Three previously independent stock markets became, in effect, a single market. If a security was listed on more than one exchange, potential buyers and sellers could choose the exchange on which to execute a trade in this security.This book details how the NYSE emerged as the winner of this competition.Chapters analyze key moments in history that made the NYSE a reliable location to trade securities that evoked regional and eventually national interest. This analysis is applied to the competition between (i) stock exchanges today; (ii)taxi ride-booking servicessuch as Uber and Ola; (iii) restaurant to home, food delivery services, such a Zomato and Swiggy; and (iv) doorstep delivery services, such as Blinkit and Zepto.The resulting book provides the untold history of the NYSE and its rise to preeminence in the American economy.…
Seller Inventory # 9783031404061
- Title
- The Telegraph and Stock Exchanges : How Innovations in Communications Technology Influenced Regional Exchanges in the United States, 1830-1860
- Author
- Sonali Garg
- Publisher
- Springer
- Publication year
- 2024
- Condition
- Neu
- Binding
- Buch
- Language
- English
- ISBN 10
- 3031404068
- ISBN 13
- 9783031404061
- Item weight
- 324 grams
- Dimensions
- 216x153x15 mm
- Series
- Book 104 of 104: Palgrave Studies in Economic History
This book chronicles the ascension of the New York Stock Exchange, detailing its remarkable rise to preeminence and its lasting impact on financial history.
In the 1830s, New York, Philadelphia, and Boston each had a stock exchange. These were the New York Stock Exchange (NYSE), Philadelphia Stock Exchange, and Boston Stock Exchange. As there was no reliable means of communicating between these cities in real time, each exchange served its local market. The 1840s brought an innovation in communications technology: the telegraph, which, in time, brought these exchanges into competition with each other.
Three previously independent stock markets became, in effect, a single market. If a security was listed on more than one exchange, potential buyers and sellers could choose the exchange on which to execute a trade in this security. This book details how the NYSE emerged as the winner of this competition.
Chapters analyze key moments in history that made the NYSE a reliable location to trade securities that evoked regional and eventually national interest. This analysis is applied to the competition between (i) stock exchanges today; (ii) taxi ride-booking services such as Uber and Ola; (iii) restaurant to home, food delivery services, such a Zomato and Swiggy; and (iv) doorstep delivery services, such as Blinkit and Zepto.
The resulting book provides the untold history of the NYSE and its rise to preeminence in the American economy.
"Synopsis" may belong to another edition of this title.
About the Author
Sonali Garg is an independent researcher based in New Delhi, India. She has worked as a regulator at the Competition Commission of India and holds a Ph.D. in Economics from The Ohio State University. Views expressed in the book are the author’s.
"About the title" may belong to another edition of this title.
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