Changes

The settlement agreement gave Bell Telephone Company the full control over the telephone technology and monopoly over the telecommunications industry. It also gave the company the leverage to develop a well-founded national system--the Bell System.  

The settlement agreement gave Bell Telephone Company the full control over the telephone technology and monopoly over the telecommunications industry. It also gave the company the leverage to develop a well-founded national system--the Bell System.  

Vail's also initiated the establishment of the long distance telephone service, the use of copper wire in telephone and telegraph lines, and created the company standard for service and technological development.He implemented the "One System, One Management, Universal Service" policy.<ref>[http://www.fi.edu/learn/case-files/att/chief.html The Case Files:American Telephone and Telegraph, Hail to the Chief]</ref>

Vail also initiated the establishment of the long distance telephone service, the use of copper wire in telephone and telegraph lines, and created the company standard for service and technological development. policy.<ref>[http://www.fi.edu/learn/case-files/att/chief.html The Case Files:American Telephone and Telegraph, Hail to the Chief]</ref>

In 1887, Vail resigned as General Manager of the AT&T because of conflict in management style and he doesn't want to compromise his management principle.  He believed that the company needs to expand its service to attain growth but his superiors believe otherwise, for them dividend is more important.<ref>[http://www.porticus.org/bell/capsule_bell_system.html#The Corporation Is Born AT&T (Long Lines) Appears and Mr. Vail Exits]</ref>

In 1887, Vail resigned as General Manager of the AT&T because of conflict in management style with his superiors. He didn't want to compromise his management principle.  He believed that the company needs to expand its service to attain growth but his superiors believe otherwise, for them dividend is more important.<ref>[http://www.porticus.org/bell/capsule_bell_system.html#The Corporation Is Born AT&T (Long Lines) Appears and Mr. Vail Exits]</ref>

 

AT&T continued to grow but the company incurred a large financial debt. In 1907, JP Morgan gain control of the AT&T debt financing and decided to convinced Theodore Vail to serve as President of the company. Vail accepted the position on May 1, 1907. Under his leadership, Vail implemented the "one Policy, One System, One Universal Service." He also implemented good public relations to compete with independent telephone companies and revitalize the companies under the Bell System.<ref>[http://www.porticus.org/bell/capsule_bell_system.html#The Corporation Is Born Mr. Vail Goes to Work]</ref>

==Early International Expansion==

==Early International Expansion==