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There were a lot of other things that happened
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in the nineteenth century that advanced information technology
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and made finance really powerful.
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One was paper, it sounds very simple.
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At the beginning of the nineteenth century, in 1800,
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paper was handmade out of cloth-- that's the way they made it.
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Paper, therefore, was very expensive.
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So, if you bought a newspaper
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it would be only two sheets
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because it was so expensive--
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not all the thick paper that we have today--
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and it would cost something like