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020 _a9783031404078
_9978-3-031-40407-8
024 7 _a10.1007/978-3-031-40407-8
_2doi
050 4 _aHC
072 7 _aKCZ
_2bicssc
072 7 _aBUS023000
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072 7 _aKCZ
_2thema
100 1 _aGarg, Sonali.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_970890
245 1 4 _aThe Telegraph and Stock Exchanges
_h[electronic resource] :
_bHow Innovations in Communications Technology Influenced Regional Exchanges in the United States, 1830–1860 /
_cby Sonali Garg.
250 _a1st ed. 2024.
264 1 _aCham :
_bSpringer Nature Switzerland :
_bImprint: Palgrave Macmillan,
_c2024.
300 _aXXIII, 163 p. 20 illus., 19 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aPalgrave Studies in Economic History,
_x2662-6500
505 0 _aChapter 1 -- Chapter 2: The Telegraph, NYSE, Bloomberg, and Uber -- Chapter 3: Winner Takes All -- Chapter 4: NYSE’s rise to Pre-eminence -- Chapter 5: The Usual Suspects -- Chapter 6: Data as Clues -- Chapter 7: When. The Numbers Through a Telescope -- Chapter 8: Why. The Numbers under a Magnifying Glass -- Chapter 9: Conclusions and Implications for the Evolution of Financial Markets -- Chapter10: What the Telegraph can teach us about Uber -- Chapter 11: Antitrust Policy; To Intervene or To Not Intervene: That is the Question.
520 _aIn 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 closely analyzes this competition. The 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. 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.
650 0 _aEconomic history.
_957506
650 0 _aEconomic development.
_958075
650 1 4 _aEconomic History.
_957506
650 2 4 _aEconomic Development, Innovation and Growth.
_969035
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031404061
776 0 8 _iPrinted edition:
_z9783031404085
776 0 8 _iPrinted edition:
_z9783031404092
830 0 _aPalgrave Studies in Economic History,
_x2662-6500
_970891
856 4 0 _uhttps://doi.org/10.1007/978-3-031-40407-8
912 _aZDB-2-ECF
912 _aZDB-2-SXEF
999 _c57583
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