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<p>and reliability in delivering information, telegraph offered opportunities for capital and military expansion. It also increased market integration. It did so by lowering the cost of trade by increasing the capacity utilization of shipping.  As showed in Table 1.1, the establishment of cable hardware signifies global power order in late nineteenth and early twentieth century.</p>

<p><b>Table 1.1 Cabling the world</b></p>

<p><big>The era of news agencies</big></p>
<p>The newspaper industry and international telegraph networks mutually facilitated each</p><p>
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