In the 1860s the first transcontinental cable was laid on the ocean floor. While it miraculously connected North America with Europe, communication via the connection was only affordable to the richest of the very rich.
If you wanted to send word or news to Europe the cost was $10 per word, with a 10-word minimum. $100 is a lot of money now, while in the 1860s it was a pretty remarkable sum.
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