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It is approximated that between 1857 and 1867 the company's value grew by 11,000 percent. In 1866, its network included about 100,000 miles of wire and its capital stock value remained in excess of $40 million. At the end of the 19th century, demands for restraints on Western Union's power resulted in the passage of the Mann-Elkins Act of 1910, granting the Interstate Commerce Commission regulatory oversight of telegraph rates.

By this time, the radio and telephone had lessened the impact of the telegraph. World Modifications Due to the Telegraph, Prior to the telegraph, communication in the 1830s had to do with the very same as it had actually remained in the years simply after Gutenberg's innovation of the printing press. It took days, weeks, and even months for messages to be sent out from one place to a distant position.

Prior to the telegraph, politics and business were constrained by geography.  Learn More Here  was divided into isolated areas. There was restricted understanding of nationwide or international news, and that which was shared was generally rather dated. After the telegraph, the world changed. It seemed as if details could stream like water.

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The telegraph would change company and politics. It would make the world smaller, erase nationwide rivalries and contribute to the establishment of world peace. It would make newspapers outdated. All of the very same declarations were made in the 1990s by people who were wowed by the first-blush capacity of the Web.

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Smith in 1838, Morse composed:"This mode of rapid communication should inevitably end up being an instrument of enormous power, to be wielded for great or for wicked, as it shall be effectively or improperly directed."The reaction of Senator Smith of Indiana after a presentation of the telegraph by Morse for members of Congress in 1842, as reported in the 1915 book "A History of Travel in America":"I enjoyed his countenance carefully, to see if he was not psychopathic and I was assured by other senators after we left the room that they had no confidence in it."When Congress was asked to provide funds for a telegraph line between Baltimore and New York City, the Congressional World (28th Congress, second session) reported that Sen.