1)INTRODUCTION....32) DEVELOPMENTS IN TECHNOLOGY.... 6 A) TELEPHONE NETWORKS HISTORY .... 6 B) DATA NETWORKS HISTORY .... 9 C) TIME SENSITIVE DATA .... 123) DEVELOPMENTS IN POLICY .... 14 A) TELECOMMUNICATIONS ACT OF 1996 .... 14 B) FCC .... 164) NETWORKED INFORMATION ECONOMY .... 19 A) SOCIAL...