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Evolution of business

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Week 2 BUS211 Assignment. Describing the Evolution of Business.

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Evolution of business

  1. 1. EVOLUTION OF BUSINESS Kayla Brown BUS211 12/14/2015 David Christensen
  2. 2. OVERVIEW  Feudalism  Mercantilism  Capitalism  Commerce  Property rights  The Industrial Revolution
  3. 3. FEUDALISM King Vassals Knights Peasants/Townspeople  Middle Ages. 500-1500 A.D  Split into Hierarchies  Aristocrats  Tenant Farming
  4. 4. MERCANTILISM Mercantilism Population Growth Export finished goods Balance of trade Import raw materials  Merchants  International Trade  Monarchs & Aristocrats  American Revolution
  5. 5. COMMERCE  From Barter to Money  From Money to Capital
  6. 6. CAPITALISM Upper Class Upper Middle Class Lower Middle Class Working Class  Class Systems  Capitalists- Carnegie/Rockefeller  Trade Union
  7. 7. PROPERTY RIGHTS Property Rights Land Enterprise Labor Capital  Magna Carta  Turning point in business history  Balance of power shifted
  8. 8. THE INDUSTRIAL REVOLUTION  Invention of steam engine Farming & Manufacturing
  9. 9. CONCLUSION  Business Systems  Productivity  Profitability  Organization
  10. 10. REFERENCES Jones, G. R. (2007). Introduction to business: How companies create value for people. New York: McGraw-Hill/Irwin. Retrieved from the University of Phoenix eBook Collection database. Steam Engine 02 PNG Stock. (2014). [Steam Engine 02 PNG Stock] Retrieved from http://roys-art.deviantart.com/art/Steam-Engine-02-PNG-Stock-426547444

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