The first electronic networking technology widely used in the united states was the telephone. This was the age of the telephone, which meant that the first thing people did when they got a new phone was to wire it up, turn it on, and call everyone they knew.
This is true, but another important use of the telephone was to send money. The first bank to accept checks was in the state of Pennsylvania, a fact that was recognized by the government back when the US had no income tax. The bank’s first customer was a man in a rural area who used this new technology to send money to his relatives in Chicago. The bank was so impressed by this innovation that it sent a team of engineers to Chicago to try to make that bank one day.
Banks were slow to adopt the new technology, but it took only a few years before there were a number of banks that did. The first bank that accepted checks in the US was the Farmers and Mechanics Bank in Pennsylvania, and that was back when the US had no income tax. The bank’s customer was a man in a rural area who used this new technology to send money to his relatives in Chicago.
It all started with a man named J.P. Morgan. He was a banker from the city of Philadelphia who believed that a bank should be able to pay its bills and send money via cash. He and his associates decided to open a bank in the city and called it the Philadelphia Bank. In an interesting twist, this new bank wasn’t the only one that needed to do this. Soon banks in other cities had cash machines that accepted checks and cash as well.
The first widespread use of the new electronic cash system was in the city of Chicago in 1872 where the Chicago Mercantile Exchange was founded. This was the first electronic money exchange in the world. In the US the concept of electronic money was still pretty much a dream. It was not until the mid 19th century that banks in the US accepted electronic checks and used them to send or receive money.
The next six years were not as exciting as the first three. The beginning of the internet revolution and the rise of the social networking revolution had the potential to change the face of the internet.
But instead of getting better, it got worse. Now everything was online. Everyone had a profile on Facebook. Everyone had a profile on Twitter. Everything was posted on Facebook. Everything was posted on Twitter. People weren’t just posting videos and pictures on Twitter; they were posting entire videos and entire live feeds of their life on Twitter. Everything was now available to the public through the internet.
Social networking is the ultimate form of self-promotion. The internet was the first time it had happened to everyone at the same time. It was the time when people started posting videos of themselves doing all sorts of crazy things on YouTube and posting images of themselves doing all sorts of crazy things on Flickr. It was the time when people were posting entire videos on Facebook Live. It was the time when people were posting entire videos on MySpace.