Cyrus Field
Definition
Cyrus Field was an American businessman and financier who, in the 19th century, led the effort to lay the first transatlantic telegraph cable.
Analogy
Think of Cyrus Field as a tech entrepreneur of his time, like Elon Musk. Just as Musk is pushing for advancements in space travel and electric cars today, Field was instrumental in revolutionizing communication during his era.
Related terms
Transatlantic Cable: The Transatlantic Cable was an underwater telegraph line completed in 1866 that connected North America with Europe, allowing for faster communication across continents.
Western Union Telegraph Company: A communications and financial services company that played a significant role in expanding telegraphy across America.
Capital Investment: The funds invested into a business venture with the expectation of generating income or profit. In this context, it refers to Cyrus Field’s investment into laying down the transatlantic cable.
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