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.

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