The telegraph represented a disruptive innovation in the history of the United States from its invention in the 1830s onward by quickly becoming a vital part of the nation's communication infrastructure. Its relative importance declined with the spread of telephones in the 20th century. Telegraph service permitted short texts to be sent cheaply and arrive in a matter of minutes to hours, instead of days or weeks. Telegraphy facilitated faster and more profitable freight and passenger railway traffic, consolidated financial and commodity markets, sped political news and commentary, and lowered information costs for companies.[1]