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Shrinking the world: Improvements in the speed of information transmission, c. 1820–1870

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  • KAUKIAINEN, YRJÖ

Abstract

It is commonly believed that not much happened in the transmission of information before the introduction of the electric telegraph. This article, however, argues that this was not the case, that quite a substantial improvement in the speed of information transmission had already taken place a few decades before this technical breakthrough. Between 1820 and 1860, global dispatch times diminished remarkably, on average to about a third of what they had been around 1820. This implies that on most routes the improvement during these three decades amounted to more saved days than was achieved after the introduction of the electric telegraph. The development can be described as an evolution which started in Europe in the 1830s and was diffused gradually all over the world. The first transcontinental communications to benefit were those across the North Atlantic and to the Far East, with South America, Africa and Australia clearly trailing behind. The ‘take-off’ was initially connected with the introduction of steamships on coastal or short sea routes and subsequently on increasingly long ocean voyages. However, even traditional overland mail-coach connections improved as also did sailing-ship (‘packet’) connections over the North Atlantic until the late 1830s. It was only in the late 1840s and 1850s that railways started to shrink distances within Continental Europe.

Suggested Citation

  • Kaukiainen, Yrjã–, 2001. "Shrinking the world: Improvements in the speed of information transmission, c. 1820–1870," European Review of Economic History, Cambridge University Press, vol. 5(1), pages 1-28, April.
  • Handle: RePEc:cup:ereveh:v:5:y:2001:i:01:p:1-28_00
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    Cited by:

    1. Réka Juhász & Claudia Steinwender, 2018. "Spinning the Web: The Impact of ICT on Trade in Intermediates and Technology Diffusion," NBER Working Papers 24590, National Bureau of Economic Research, Inc.
    2. Esteves, Rui Pedro & Reis, Jaime & Ferramosca, Fabiano, 2009. "Market Integration in the Golden Periphery. The Lisbon/London Exchange, 1854-1891," Explorations in Economic History, Elsevier, vol. 46(3), pages 324-345, July.
    3. Bogart, Dan, 2005. "Turnpike trusts and the transportation revolution in 18th century England," Explorations in Economic History, Elsevier, vol. 42(4), pages 479-508, October.
    4. Daniel Ladley & Peter L. Rousseau, 2018. "Panic and propagation in 1873: a computational network approach," Vanderbilt University Department of Economics Working Papers 18-00004, Vanderbilt University Department of Economics.
    5. Uebele, Martin, 2011. "National and international market integration in the 19th century: Evidence from comovement," Explorations in Economic History, Elsevier, vol. 48(2), pages 226-242, April.
    6. William Goetzmann & Andrey Ukhov, 2005. "British Investment Overseas 1870-1913: A Modern Portfolio Theory Approach," Yale School of Management Working Papers ysm445, Yale School of Management.
    7. Vincent Geloso, 2015. "Deirdre Mccloskey, Kirznerian Growth and The Role of Social Networks," Economic Affairs, Wiley Blackwell, vol. 35(3), pages 453-463, October.
    8. Jitendra Parajuli & Kingsley E. Haynes, 2017. "Broadband and narrowband Internet in Nepal," Asia-Pacific Journal of Regional Science, Springer, vol. 1(1), pages 85-97, April.
    9. Camilo García-Jimeno & Angel Iglesias & Pinar Yildirim, 2022. "Information Networks and Collective Action: Evidence from the Women's Temperance Crusade," American Economic Review, American Economic Association, vol. 112(1), pages 41-80, January.
    10. William N. Goetzmann & Andrey D. Ukhov, 2006. "British Investment Overseas 1870-1913: A Modern Portfolio Theory Approach," Review of Finance, European Finance Association, vol. 10(2), pages 261-300.
    11. Francis, Joseph A., 2014. "Resolving the Halperín Paradox: The Terms of Trade and Argentina’s Expansion in the Long Nineteenth Century," MPRA Paper 57915, University Library of Munich, Germany.
    12. Jacks, David S., 2006. "What drove 19th century commodity market integration?," Explorations in Economic History, Elsevier, vol. 43(3), pages 383-412, July.
    13. Federico, Giovanni, 2007. "Market integration and market efficiency: The case of 19th century Italy," Explorations in Economic History, Elsevier, vol. 44(2), pages 293-316, April.
    14. Richard Pomfret & Markus Lampe & Florian Ploeckl, 2014. "Spanning the Globe: The Rise of Global Communications Systems and the First Globalisation," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 54(3), pages 242-261, November.
    15. Jacks, David S., 2005. "Intra- and international commodity market integration in the Atlantic economy, 1800-1913," Explorations in Economic History, Elsevier, vol. 42(3), pages 381-413, July.
    16. Ladley, Daniel & Rousseau, Peter L., 2023. "Panic and propagation in 1873: A network analytic approach," Journal of Banking & Finance, Elsevier, vol. 151(C).

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