I. Introduction
The history of the modern American economy takes its roots in the 16th Century, came as immigrants from Europe to settle in the country. At this time the nation has been inhabited by Native Americans - indigenous peoples who are recognized by tribes. Before acting arrival of European settlers tribes themselves.
When the Europeans arrived, they established economic interaction with the natives by barter or tradeWere. Such interaction has increased dramatically over time - and thus one of the cornerstones of trade and the creation of a nation. Since the beginning of the trading systems, business in the U.S. ahead to more complex and comprehensive levels. Tracing the roots of the early barter practices during the Industrial Revolution to the Internet revolution can help us better appreciate why the U.S. is the strongest economy in the world today.
IIExchange system
The beginnings of the company in the U.S. are closely linked to the earlier practice of exchange intertwined. In its early history the United States was a collection of colonies, where the lack of a common currency for the use of all types of substitutes conducted, such as tobacco and wampum as money.
Barter then took many forms. Among these was the potlatch ceremonies of the Indians, that the economic functions with social and ceremonial significance was intertwined. A potlatch isusually a ceremony with music, dance and spiritual rituals. The host gives its resources for the event, which in turn assembled guests give in return if they hold their own potlatch.
Redeemable in the form of traditional local currencies such as furs and wampum border, which are essential for trade with the indigenous population. Wampum, made from the shells of a species of mussels, the best known form of money among Native Americans. Wampum use in money came as abecause of their desirability for ornamentation purposes.
Among the first documented use of wampum points to 1664, when colonist Peter Stuyvesant arranged a loan in wampum for the payment of wages for workers building the Citadel New York (page 458). Other articles which were usually traded included tobacco, rice, indigo, wheat, corn, etc.
III. From the industrial revolution, the production of Era
Grew as colonies and settlements, was more industriesdeveloped. The introduction and use of machines in production resulted in the Industrial Revolution. The Industrial Revolution changed the way through, as U.S. companies producing their goods. The introduction of new technological advances led to a much larger and faster production of goods. The onset of higher productivity to unprecedented economic growth led a budding nation. The Industrial Revolution radically changed the country received from a predominantly agricultural society thatin industry and manufacturing was in control.
The biggest advance in technology was the use of steam power. This revolutionized industries such as textiles and manufacturing. The invention of the telegraph communication is much faster. The start of production time signals the end of the industrial revolution. The new era saw many companies looking for ways to reduce production costs. Companies thought then that the reduction would result in lower manufacturing costsPrices of products. This concept has been fueled by such milestones as the invention of the assembly line and more efficient work principles (Haber, 1964).
These two innovations made aware of companies that mass production resulted in lower costs of production and greater profits. Unfortunately, unstable economic environment has been through the Great Depression caused many companies to fail, even though they had introduced mass production techniques.
IV From the marketing eraThe modern business world
Contrary to the fears of the public, saw the end of the Second World War, pent-up consumer demand fueling strong economic growth in the postwar period. Several industries grew enormously during this period - in the automotive, aerospace and electronics industries, to name a few. A real estate boom added to the expansion.
The post-war economic aid to European countries under the Marshall Plan also helped market for many U.S. goods. Inthe 1980s, the rapid technological development affects the economy. The personal computer, hand phones, and new audio and data storage technologies greatly influenced business. But the biggest impact would be with the advent of the Internet.
The impact of the Internet on business is as extensive as its impact on an individual way of life. Today the Internet is an essential component in the determination is both strategy and business design. ThisTechnology enables companies to achieve and create all of the traditional boundaries and new sources of profits.
V. Conclusion
The Economic History of the United States is a mirror image of the country's development from a simple business to be the most powerful country in the world. To say that companies had little or no impact on the achievement of this status that would deny the history of America. In fact, the country was founded on the principles of democracy, but itgrew and evolved, no doubt, because of the economy.
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