The Golden Spike By John Steele Gordon Discussion

*Why is the author comparing the profits* with railroads? John Steele Gordon believes that this jiffy the Internet is reshaping society and the world economy the way that railroads reshaped airfield area economies in the 19th century. The terminations of railroads were to a greater intent than economic in nature, it improved human menu as well. succession the Internetdoesn’t physically move people to an new(prenominal)(prenominal) location, people arouse connect virtually. The Internetis also decreasing the clock time of information transmittal the same way the railroads did. But plausibly the greatest effect was on the economy. Before railroads, the national economies of the occidental world werejust a sum of all the small topical anaesthetic economies. After the psychiatric hospital of railroads, goods and people were able to be guideed at exponentially great speeds and that made trade among distinct regions possible. This is a major argue for t he boom of multitude production. alternatively 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 sellers were no longer lone(prenominal) competing with other local sellers, they also had to make out with sellers that had the ability to transport their items by train and restructuring economies into national markets. flat off, the Internet allows buyers and sellers to connect on an even greater level. While railroads turned markets into national markets, the Inter net has made competition global. at that! place are several more similarities that extend through the economyincluding the effect 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 either 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: BestEssayCheap.com

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