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You could lease a telephone for $20 to $40 per year which was a lot of money back in the 1870's. Only the wealthy were able to participate.

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6y ago
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17y ago

When the phone company was first started, Bell had one of the best business ideas ever. You could not buy a telephone, you could only rent it on a monthly basis. You were not allowed to own a phone until the late 1960's or early 1970's.

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Q: How much did the first telephones cost?
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