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Evolution Of Business

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Evolution Of Business

  1. 1. Evolution of Business<br />By Sabrina Delaney<br />Bus/210<br />
  2. 2. In The Beginning<br />People lived in small groups<br /> Shared resources and profits<br />Bartered for wants and needs<br />
  3. 3. Feudalism <br /><ul><li>Kings and Queens
  4. 4. Pharaohs
  5. 5. Tsars</li></li></ul><li>Monarchs delegated resources<br />
  6. 6. Bargaining and negotiations started<br />Tenant farming began<br />Increased motivation<br />Farmers made small profits<br />
  7. 7. Feudalism system started failing<br />Conflicts over profits<br />Wars were common<br />Land and resources seized<br />
  8. 8. Mercantilism<br /><ul><li>Global trading of products</li></ul>Borrowed capital funded trading<br />Buy low, sell high elsewhere<br />Banking became a respected business<br />
  9. 9. Property Rights <br /><ul><li>King John signs Magna Carta
  10. 10. Changes History forever
  11. 11. Rights to private properties
  12. 12. Balance of power shifted</li></li></ul><li>Capitalism<br />Private properties become enterprising<br />Private production, trade and distribution<br />
  13. 13. Commerce<br />
  14. 14. Commercebrings bigchanges<br />
  15. 15. The Industrial Revolution<br />Innovation<br />Steam Engine<br /> Transporting costs cheaper<br />Mass production<br />
  16. 16. Revolution in Farming<br />Steam engines increase productivity<br />Workers displaced<br />Common land was taken back<br />Immigration was on the rise<br />
  17. 17. Money to be Made <br />Aristocrats no longer had power<br />People made their own millions<br />Business is still booming<br />
  18. 18. References<br />Axia College (2007). The Evolution of Business, Week One, Chapter 2 reading. Retrieved from Axia College, Bus/210 website.<br />Windows XP Clip Art (2010) Retrieved March 26, 2010.<br />

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