{"product_id":"the-telegraph-and-stock-exchanges-how-innovations-in-communications-technology-influenced-regional-exchanges-in-the-united-states-1830-1860-hardcover","title":"The Telegraph and Stock Exchanges: How Innovations in Communications Technology Influenced Regional Exchanges in the United States, 1830-1860 - Hardcover","description":"\u003cp\u003eby \u003cb\u003eSonali Garg\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eIn 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. \u003c\/p\u003e \u003cp\u003eThree 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 closely analyzes this competition.\u003c\/p\u003e \u003cp\u003eThe NYSE emerged as the winner of this competition. It became the place to trade securities that evoked regional and eventually national interest, while the Boston and Philadelphia exchanges remained regional exchanges. This book explores when and whythis happened. 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.\u003c\/p\u003e\u003cbr\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eIn 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. \u003c\/p\u003e \u003cp\u003eThree 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 closely analyzes this competition.\u003c\/p\u003e \u003cp\u003eThe NYSE emerged as the winner of this competition. It became the place to trade securities that evoked regional and eventually national interest, while the Boston and Philadelphia exchanges remained regional exchanges. This book explores when and why this happened. This analysis is applied to the competition between (i) stock exchanges today; (ii) car rental aggregator 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.\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e \u003cp\u003e\u003cb\u003eSonali Garg\u003c\/b\u003e 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.\u003c\/p\u003e\u003cbr\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eSonali Garg\u003c\/b\u003e 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.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 163\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.5 x 8.27 x 5.83 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e February 13, 2024\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51751212351776,"sku":"9783031404061","price":89.08,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/3777c42fa975fe6be46b608f7c605091.webp?v=1779967560","url":"https:\/\/ebocreations.com\/products\/the-telegraph-and-stock-exchanges-how-innovations-in-communications-technology-influenced-regional-exchanges-in-the-united-states-1830-1860-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}