Increases in Wire Mileage of Western Union Telegraph Company for United States
A02097USA581NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
1/1/1867 - 1/1/1962
Summary
This economic trend measures the increases in wire mileage of the Western Union Telegraph Company for the United States. It provides insights into the growth and expansion of the telegraph infrastructure in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The wire mileage of the Western Union Telegraph Company is an important indicator of the development and modernization of the nation's communication networks. This data series tracks the expansion of the company's telegraph infrastructure, which was crucial for facilitating long-distance communication and economic integration in the 19th and early 20th centuries.
Methodology
The data is collected by the U.S. Federal Reserve through direct reporting from the Western Union Telegraph Company.
Historical Context
This trend is widely used by economists and policymakers to analyze the evolution of the country's communication systems and its impact on economic activity.
Key Facts
- The Western Union Telegraph Company was founded in 1851.
- At its peak in the early 20th century, the company operated over 1 million miles of telegraph lines.
- Increases in wire mileage reflect the expansion of the nation's communication networks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the increases in wire mileage of the Western Union Telegraph Company for the United States, providing insights into the growth and development of the country's communication infrastructure.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the evolution of the nation's communication systems and its impact on economic activity, as reliable and widespread communication networks were crucial for facilitating long-distance commerce and economic integration.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through direct reporting from the Western Union Telegraph Company.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists and policymakers to analyze the development of the country's communication infrastructure and its role in supporting economic growth and modernization.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting and may not capture the full extent of communication network changes, as it is limited to the Western Union Telegraph Company's operations.
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Citation
U.S. Federal Reserve, Increases in Wire Mileage of Western Union Telegraph Company for United States (A02097USA581NNBR), retrieved from FRED.