Once this basic infrastructure gained critical mass, a new generation of companies took advantage of low-cost connectivity by creating internet services that were compelling substitutes for existing businesses. CNET moved news online. Amazon offered more books for sale than any bookshop. Priceline and Expedia made it easier to buy airline tickets and brought unprecedented transparency to the process. The ability of these newcomers to get extensive reach at relatively low cost put significant pressure on traditional businesses like newspapers and brick-and-mortar retailers.
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Interest in the safeguarding of the records of business houses in Great Britain began to be manifested about a generation ago, when it was realized that an intelligent use of the books of textile mill-owners enabled the historian to give a more convincing account of the industrial revolution in the North than had hitherto been available.
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