The transatlantic cable allowed for communications between North America and Europe

Around 380 underwater cables power the Internet across the world.

On July 29, 1858, two steam-powered battleships met in the middle of the Atlantic Ocean. There, they connected two ends of a 4,000 kilometer (2,500 mile) long, 1.5 centimeter (0.6 inch) wide cable, linking for the first time the European and North American continents by telegraph.

The Erie Canal transformed New York City into America’s banking capital

By redirecting western trade through New York Harbor, the canal turned New York into the nation’s commercial hub. This surge in commerce shifted financial power from Philadelphia to Wall Street, establishing the city as America’s banking capital.

Key moments in fintech history include the transatlantic cable’s invention and E-Trade’s founding

Founded in 1982, E-Trade was the first-ever online brokerage, pioneering a method of investing that is common today. Its story is part of a timeline that the New York Times put together of key moments in early fintech history.

The Grace Hopper subsea cable transmits internet traffic across the Atlantic

Running between the US, UK, and Spain, the cable is part of an extensive underwater network of fiber optic connections that transmit data across the world at light speed. Equipped with 16 fiber pairs, the private cable was Google's first-ever subsea connection to Spain.

Learn about the construction of the undersea fiber optic cables carrying internet data

Over 750,000 miles of fiber-optic cables run along the seafloor, serving as a freeway for the Internet's data. Despite subsea cable projects costing hundreds of millions of dollars, depending on the length of the cable, it remains the fastest and most cost-effective way to send information.

The Panama Canal boosted the US as a world power in trade, engineering, and finance

The effort proved the US could achieve grand engineering projects while granting it influence over (and benefitting economically from) a major interoceanic channel and its host country, Panama.

As technology evolved, so did Wall Street

Before the telephone was invented in the mid 1800s, people had to trade stocks in person. But once office telephones and computers became commonplace, banks and other financial institutions didn't necessarily need to have their headquarters near exchanges like Wall Street's New York Stock Exchange.

Explore a searchable map of underwater cables carrying internet traffic worldwide

The Submarine Cable Map provides users with data from TeleGeography's Transport Networks Research Service on individual submarine cables, including cable owners, suppliers, URLs, landing points, lengths, and notes of interest.

Money—not land—became Europe’s key economic driver in the Middle Age

During the medieval commercial revolution, money gradually replaced land as the primary economic commodity. Expanding trade, markets, and finance transformed Europe’s economy—laying foundations, historians argue, that were essential for the later Industrial Revolution.

The 500 subsea cables that run the internet

Subsea cables carry the majority of data sent across the globe on the internet. An estimated 552 such cables—with more in development—lay on the ocean floor, their thickness similar to a garden hose, made up of optic fibers covered in copper.

The century of the Panama Canal

The Panama Canal connects the Atlantic and Pacific Oceans through a 51-mile route that transformed global shipping when it opened in 1914. This breakdown covers how it was built, the workers behind its construction, and why its future may be challenged by climate and competition.

Guglielmo Marconi overshadowed Nikola Tesla through commercialization

Despite Tesla envisioning wireless power and communication earlier, Marconi developed practical implementations of wireless communication, including transmitting the first transatlantic radio signal. The technology, which facilitated telegraphy critical for warships and navies, earned Marconi the 1909 Nobel Prize in physics.

The canal became a highway for American reform movements

Beyond goods, the canal carried ideas. Its corridor hosted Second Great Awakening revivals and became a center for activism—fueling abolitionist networks, women’s suffrage organizing, and other reform movements.

Electronic trading transformed investing, ushering in a new era for retail investors in which average Americans could research stocks online and then use early platforms like StreetSmart and E-Trade to conduct their transactions

In the early 1990s, stock brokerages knew that online trading would be a great equalizer, creating opportunities for more individuals to buy and sell stocks.

The trans-Atlantic slave trade brought over 10 million enslaved people to the Americas.

A timelapse mapping more than 30,000 Transatlantic slave ship voyages

Roughly 12 million people from Africa were forcibly moved to North and South America over two centuries. This map meticulously showcases every ship's origin, destination, timeline, and more, revealing the scale of the Transatlantic slave trade.

ATMs drastically expanded access to checking accounts in the 1960s

The invention disrupted the local bank industry, allowing customers to access cash around the clock and when out of town. The innovation also reduced the headcount needed for bank services and created a new revenue stream via ATM fees for noncustomers. This 50-year anniversary retrospective revisits the cash kiosk.

Mapping the route options between the Pacific and Atlantic

This map shows some of the alternative trade route options that are available to shipping companies, from overland routes that rely on railways to transport goods coast-to-coast, to Arctic Ocean passages.

Read about when Nasdaq partnered with the London Stock Exchange in 1992, and other key moments in Nasdaq history

The partnership became the first intercontinental linkage between capital markets, setting the stage for worldwide trading amid increasing globalization. Nasdaq separated from its parent company in 2006, becoming a fully independent licensed national securities exchange. A year later, it added the Scandinavian-based Exchange, OMX.

Commercial air travel made international vacations more commonplace.

The Appalachian Mountains blocked east–west boat travel until the Erie Canal

The Appalachian Mountains, spanning from Alabama to Canada, long hindered inland commerce. The Erie Canal created the first reliable water route through the range by leveraging the natural valley of the Mohawk River, revolutionizing trade and migration.

With a core consisting of a glass fiber roughly the width of human hair, fiber-optic cables transmit digital information via flashes of light that reflect within the glass.

Mapping the known ports involved in the trans-Atlantic slave trade

Based on historical logs, this interactive maps shows info from various ports of departure and arrival during the height of the trans-Atlantic slave trade.

European colonization contributed to coffee's spread

European colonization created channels for large-scale coffee exports with workforces based in Asia, Latin America and the Caribbean. Trade routes throughout the Middle East and the rest of the world carried the drink to new shores and changed the agricultural and economic landscapes of the countries in the Bean Belt.

Visualizing the trans-Atlantic slave trade in two minutes

This animation shows all recorded slave shipments from the 16th to 19th centuries, conceptualizing not only the slave trade with America but South America as well.

Travel the 363-mile Erie Canal, the waterway that cut freight costs by 90% and opened the American frontier.

Why does the stock market matter?

Open any newspaper, turn on your local TV news station, or listen to a daily business radio segment, and you’re bound to hear about how the stock market is performing. Netflix created a 17-minute (free) explainer that dives deep into the nitty-gritty of how we got here.

The process of electronic funds transfer was approved in the US in 1978

An electronic funds transfer is the transfering of money from one bank account to another via computer-based systems. When it was first introduced, it was revolutionary. A video from 1980 aimed to explain the value of electronic funds transfer to consumers at the time.

Trans-Atlantic and intra-American slavery: a visual database

This interactive database provides insight into the trading of enslaved Africans across the Atlantic. This database offers maps, articles, timelapses, videos of 3D slave ship models, and searchable databases on enslavers and the enslaved. According...

The Erie Canal reduced freight costs by 90%

Before the canal, shipping goods overland cost about $100 per ton. After its completion in 1825, rates fell to just $10—making western farm products competitive in eastern markets for the first time.

The history of Wall Street as a financial center dates back to the 1700s, beginning with the establishment of the New York Stock Exchange and New York City's first official slave market.

J.P. Morgan provided Nikola Tesla with funding for the Wardenclyffe Tower

The structure was part of a project to transmit electricity and communication signals wirelessly across the globe. Shortly after construction began, Guglielmo Marconi beat Tesla to the punch and transmitted a trans-Atlantic signal, preventing Tesla from getting additional funding to finish his project.

The bond market dates back to the 1100s in Venice

In the early 1800s, bonds were used to fund US railroads and canals in Great Britain. “Liberty Bonds” were sold during both World Wars in the 20th century. Learning about the early and modern history of bonds can offer a glimpse into how the modern bond market came to be.

The Nasdaq was founded in 1971, marking the debut of electronic trading

The Nasdaq stock exchange arguably invented electronic trading, making it a key part of fintech history. It's often used as a benchmark for how the tech industry is performing.

The US' coastal vacation destinations were developed with the aid of railroad companies, creating pivotal aspects of the vacation industry.

One in five 16th century Spanish ships sank while crossing the Atlantic

Despite the incredibly high rate of catastrophic wrecks, during the Age of Exploration Spanish investors continued to fund voyages. Here, economists break down the incentives that led to increased risk, including short travel seasons and the propensity to overload ships.

The Erie Canal fueled a surge in westward settlement

By providing cheap, reliable transport to the interior, the canal made western lands more accessible. Farmers, traders, and immigrants moved into the Great Lakes region, accelerating population growth.

Television transformed college football into a national spectacle

The rise of televised games in the mid-20th century expanded college football’s reach far beyond campus stadiums—turning regional rivalries into national events, boosting revenue, and cementing the sport as a Saturday tradition across the country.

When a radio company was the biggest tech stock around

The Radio Corporation of America was the biggest stock during the 1920s. Originally called Marconi Wireless, the company transformed radio technology. The company pioneered broadcasting, created NBC, and became a tech giant. After remarkable growth and challenges, RCA was acquired by General Electric in 1986, marking the end of its 67-year independent existence.

The Civil War introduced many technological advances to both society and warfare.

Hamilton learned about global trade before he was a teenager

Before he moved to America, Hamilton worked as a clerk around age 12 at the Caribbean trading firm Beekman and Cruger, handling shipping documents, inspections, and port logistics. He eventually managed the day-to-day operations of a trading charter that immersed him early in Atlantic commerce.

Explore a visual timeline of fintech’s history and growth

From the debut of the world’s first ATM in 1967, to Apple Pay launching in 2014, financial technologies have come a very long way in a relatively short historical period. A colorful visual timeline highlights some of the most important milestones along the way.

An 1844 chess match via telegraph anticipated the board game's online popularity.

The New York Stock Exchange wouldn't have been made if not for municipal bond sales

The Funding Act of 1790 nationalized and consolidated the debt held by the 13 colonies to be sold off in the form of bonds.

Thomas Edison publicly executed animals with AC to convince the public of its dangers

J.P. Morgan first backed Thomas Edison's direct current system, seeing electricity's potential to usurp John D. Rockefeller's kerosene empire. Despite the investments and smear campaign against alternating current, alternating current ultimately won public support after lighting the 1893 World's Fair, after which Morgan would fund Tesla's wireless transmission tower.

Before the invention of transistors, vacuum tubes made radio possible

Discovered by Thomas Edison, vacuum tubes allow electrical currents to travel through empty space. Later modified into a diode—keeping current flowing in only one direction—vacuum tubes allowed electronics to turn alternating current into direct current.

A stock market timeline

The stock market has come a long way since the 1600s, when the first version of a stock exchange was created in Amsterdam. Mile markers along the way include everything from the Dow Jones Industrial Average's creation in 1896 to the stock market woes during the COVID-19 pandemic in 2020.

Listen to a podcast episode from 1440's editor in chief that explains how a credit card transaction works behind the scenes.

When you buy even something as small as a $5 latte, a global relay between banks and networks like Visa and Mastercard is triggered. It all started with a 1958 campaign from Bank of America that jump-started the credit card revolution.

Tesla's alternating current power's most of the world's electric grids

In 1879, Thomas Edison’s light bulb relied on direct current, but such currents can't efficiently transmit power over long distances. Nikola Tesla introduced alternating current, which feature far fewer energy loses. Despite Edison’s attempts to discredit AC, Tesla proved its efficiency by lighting the 1893 Chicago World’s Fair.

The origin and history of stock exchanges

When were stocks first sold? Though debt was first sold in Venice in the 14th century, stocks proper began in the Netherlands. To fund its spice trade across the world in 1602, the Dutch East India Company sold stocks to individual investors, a novel approach to raising funds. It was the Dutch West India Company that founded New York—the site of some of the world’s greatest stock exchanges. Listen to a concise historical overview here.