the evolution of_business[2]
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THE EVOLUTION OF BUSINESSFrom the Stone Age
to the Space Age
Sumerian Economy
Agriculture was the first business transaction ever recorded.
Feudalism in the Middle Ages
Throughout the Middle Ages feudalism endured.
$Money, Money, Money$
Money increases profitabilty Creates new kinds of business
opportunities Loans increases owner’s future wealth Capital investments
Mercantilism
A modern form of mercantilism.
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
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
The Industrial Revolution
The Industrial Revolution has transformed our societies into a new era of existence and continues on evolving.
Computer Age
Revolutionized business data files .
World Wide Web
Worldwide communication and interaction at a touch of a button.
Space Travel Exploration & Tourism
Reach out and touch space.
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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