Claims / C-X9RNVGGCFJ
EmpiricalRequires evidence
Comparable numbers created an industry. The railroads' appetite for capital forced new accounting, weekly and monthly reporting, and then in 1868 Poor's Manual, which gathered construction miles, costs, profits and comparative ratios so investors could compare different railroads on the same metrics in one source. Part I cites Chandler: this played a major role in the development of one of modern business's most important ancillary services, the provision of reliable information. Standardised, comparable information was infrastructure, and building it was a business.
Evidence 1 passage
groundsUntitled source
major role in the development of one of modern business’s most important ancillary services, the provision of reliable information.”[^26] However, this rapid transformation of the American economy had largely outpaced organizational and management practices. While the transformation of the America
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