This Western Union Telegraph Company stock ticker was produced during the early 20th century. The ticker received stock information via a telegraph line and printed out a company’s abbreviated name and stock price on the spool of paper tape. After the Civil War, the volume of stocks traded rose sharply with American corporations’ need for investment capital. The 1867 invention of the stock ticker, transmitting up-to-the-minute share prices over telegraph lines, helped modernize the stock exchange.
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