The lower you go with frequencies, the larger antennas you need (quarter wavelength is usually the minimum... for FM radio (around 100MHz) it's 75cm which is very realistic length for a car or a house radio... at 14mhz (ham radio freq), it's 5.3 meters, which is still doable if you live in a house, and at 1.8MHz (another ham band) is ~40 meters, which is hard.. going lower is even harder, and special "tricks" are needed.
The second problem is the bandwith itself... some wifi equipment supports bands up to 100MHz of width (to simplify, you use all the frequences from eg. 5.1GHz to 5.2GHz), and if you want to stay at low frequencies, it's impossible to create such a wide band, because the antenna sizes are so different at 1MHz and 101MHz, the propagation is different, etc., so usually you're stuck with narrower bandwiths at lower frequencies (and of course, many of the low frequencies are already in use.. eg for fm radio).
But generally yes, higher the frequency, more directly (in a straight line) it goes, and you get more losses in stuff between the transmitter and receiver.
Higher frequencies have less power in terms of ability to travel a great distance or through materials. It is very much like audible sounds, you can hear bass notes from someone playing music far away, but you'll lose the highs and then the mids after a relatively short distance.
One of the many tradeoffs in RF networks is trading range for throughput.
This is AM, "Amplitude Modulation"
Wiki has some good articles on other modulation techniques https://en.wikipedia.org/wiki/Amplitude_modulation
Information rate depends on the width of the band. For example wifi uses 20, 40, or 80 MHz bands. Easy when your signal is around 2.4 or 5 GHz.
But you can’t do that at 100 Hz or 100 kHz or 100 MHz because… well the numbers aren’t big enough. You could have a funny radio that transmitted from 1 to 80 MHz, but you wouldn’t say your signal was “at” 100kHz.
That make sense?