When considering the price lags of the West behind the East, by the eve of the Civil War the lag was

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By the eve of the Civil War, the price lag between the West and the East had been virtually eliminated, thanks to improvements in transportation and communication, such as the telegraph and more efficient rail networks. These advancements allowed for quicker and more reliable exchange of information and goods, significantly reducing the time it took for price adjustments to be reflected across different regions.

When Considering the Price Lags of the West Behind the East