The telephone has made a huge impact on the economy. As an invention usally does, the telephone. Some of these include:
After Alexander Gram Bell made the first telephone many people found that they could get money off of making cheaper phones and selling them at high prices. As you can tell companies are still doing this with modern day cellphones.
The first telephone was created by Alexander Graham Bell. The idea of the telephone was taking from his attempts of the telegraph. The first thing that was said was "Mr. Watson come here! I want to see you!" The economy wealth increased incredibly especially in 1877 with the Bell Telephone Company. The telephone also increased jobs and of course communication to many parts of the world. A major economical impact of the telephone was that it developed a new market for women as telephone operators because before the company president would locate himself near the production line to give instructions! So, the telephone is a spectacular invention by Alexander Graham Bell that now is in many different forms (I.E. Hamburgers, Mickey Mouse, shoe, etc.) Along with the internet or social networking these inventions will always be alive until the end of time!
During the industrial revolution, the telephone allowed businessmen who are at different geographical locations to negotiate deals in real time. Stock brokers and traders also made confidential deals quickly via telephone.
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it has increased the cost of living,made the cost of transportation high and even created job opportunities
it made it grow smaller and die
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Cell phones didn't exactly have an impact on the economy.
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it didnt