BusinessHistory_2006 - A Business History Trek History...

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Unformatted text preview: A Business History Trek History Provides Contrast and Heritage Helps us avoid narcissism and understand others Gives us an identitynoble and otherwise Today and Time Tells us why things are as they are Lets us see times flow Solution and Blindness Offers insight to contemporary problems May blind us to new ideas Path Dependence and Consequences Commits us to choices difficult to alter Projects consequences to actions Perspective American Business 1800-Today Mercantilism 1750-1800 International wealth is a fixed sum National prosperity depends upon capturing a large share of global wealth (measured in gold) This is accomplished through a positive balance of trade with other nationsmany exports, few imports Use tariffs, colonial contracts (only sell to us and do so lower than market value), and military might Industrialization 1800-1860 Industrial technology Mercantilism fading, beginning in 1750 Free trade Import Cheap raw materials Cheap food (freeze wages) Export Foreigners will buy low- cost goods Foreigners wont develop industries Early Mill Power External Water Wheel Underground Water Wheel Globalization 1860-1914 Free trade Reform of British institutions France and Germany commercial treaty German states free trade...
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BusinessHistory_2006 - A Business History Trek History...

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