the evolution of_business[2]
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THE EVOLUTION OF BUSINESSFrom the Stone Age
to the Space Age
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Sumerian Economy
Agriculture was the first business transaction ever recorded.
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Feudalism in the Middle Ages
Throughout the Middle Ages feudalism endured.
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$Money, Money, Money$
Money increases profitabilty Creates new kinds of business
opportunities Loans increases owner’s future wealth Capital investments
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Mercantilism
A modern form of mercantilism.
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The Growth of Enterprise
Bankers-estimate the risk with new ventures
Risk- plays the key role of success Free Trade- makes the world go round Land- the fruit of our labor
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Capitalism
Capitalists-own physical capital of production
Proletariet- worked for subsistence wages Trade Union-lobbied on behalf of its
members Class System-rankings in social hierarchy
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The Industrial Revolution
The Industrial Revolution has transformed our societies into a new era of existence and continues on evolving.
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Computer Age
Revolutionized business data files .
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World Wide Web
Worldwide communication and interaction at a touch of a button.
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Space Travel Exploration & Tourism
Reach out and touch space.
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References Reference Page Entry Mesopotamia. (2008). Mesopotamia: the First civilization. Retrieved August 3, 2008,
from http://socsci.gulfcoast.edu/rbaldwin/mesopotamia.htm In-Text Citation [Mesopotamian education always had a practical side because of the economic… ] (Mesopotamia, 2008). Reference Page Entry Ancientscripts.com. (1996-2007). Ancient Scripts: Sumerian. Retrieved August 3, 2008,
from http://www.ancientscripts.com/sumerian.html PHOTO Reference Page Entry Hundred Years' War 1337-1453. (2003). Hundred Years' War 1337-1453. Retrieved August 3, 2008, from
http://www.theotherside.co.uk/tm-heritage/background/100yearswar.htm PHOTO Reference Page Entry fasting growing investments. (2003). Fasting growing investments. Retrieved August 3, 2008,
from http://www.fastestgrowinginvestments.com/image/2219868.jpeg PHOTO Reference Page Entry Gale cengage learning. (2008). Gale cengage learning. Retrieved August 3, 2008, from galegroup.com PHOTO Reference Page Entry http://www.amherst.edu/~cmottau08 http://en.wikipedia.org/wiki/History_of_the_World_Wide_Web http://www.flickr.com/photos/nickderington/2256776593/ Reference Page Entry Space travel and exploration (2007). Retrieved August 3, 2008, from http://www.space-travel.com/Space_Travel.html In-Text Citation Section 9 Reference Page Entry The Evolution of Business. Retrieved August 3, 2008, from Introduction to Business Chapter 2 In-Text Citation Chapter 2