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Did Alexander graham bell's telephone invention benefit economically?
Wiki User
∙ 12y ago
yes, but not directly, the telephone hurt the economy at first because the pony express and the train and such were big parts of American life back then, but when it developed more into different and less expensive forms, it benefitted the economy by having people spend alot on phone bills and purchasing new phones.
Wiki User
∙ 12y ago
Wiki User
∙ 9y agoAlexander Graham bell became rich from the telephone. There was a time when he had assets which were valued to be nearly US$1 million.
Wiki User
∙ 16y agoAlexander graham bell won 5o,ooo dollars for his telephone.
Wiki User
∙ 14y agoyes, he did
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