The Golden Spike By John Steele Gordon Discussion

*Why is the author comparing the profits* with railroads? John Steele Gordon believes that this nictitation the Internet is reshaping society and the world economy the way that railroads reshaped casing area economies in the 19th century. The terminations of railroads were to a greater terminus than economic in nature, it improved human menu as well. firearm the Internetdoesn’t physically move people to some new(prenominal) location, people arouse connect virtually. The Internetis also decreasing the clock of information transmittal the same way the railroads did. But believably the greatest effect was on the economy. Before railroads, the national economies of the westbound world werejust a sum of all the small local anesthetic economies. After the psychiatric hospital of railroads, goods and people were able to be guideed at exponentially great speeds and that made trade among incompatible regions possible. This is a major argue for the boom of jam production. instead of a local blacksmith make horseshoes from scratch, they could be mass produced and transported by train. This expansion of transportation caused prices to fall because of increased competition.

local anaesthetic sellers were no longer lone(prenominal) competing with other local sellers, they also had to argue with sellers that had the ability to transport their items by train and restructuring economies into national markets. straight off off, the Internet allows buyers and sellers to connect on an even greater level. While railroads turned markets into national markets, the Internet has made c ompetition global. in that respect are s! everal more similarities that extend through the economyincluding the effects on the stock market. bulk were purchasing railroad stocks and bonds at a frenzied pace. Today the technology of the Internet allows trades to be made instantly over your computer at both time and Internetupstarts and constantly universe traded. The boom of the Internethas also propelled other industries the way that the railroad manufacture boosted the iron, steel, and mining...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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