The Evolution of American Capitalism:
A Brief Narrative on the Development of the American Dream
Our American experience developed along with the progress of American Business. The history of our economy may be divided into five major periods: the Colonial Period, the Era of Specialization, the Age of Big Business, the Evolution of Modern Business and the Business of Today. Rejection of mercantilism in the Colonial Period, and the theories of Adam Smith embraced by the Founding Fathers, shaped the principles of the American Revolution. Following Independence, the Era of Specialization saw dramatic advances in industrial, transportation and agricultural technologies. Specialization led to the Rise of Big Business, which has come to describe the growth of large manufacturers and service providers as well as the increased involvement of the Federal government in the …show more content…
To follow was the Rise of Modern Business, defined by the maturing of company structures and the integration of concepts famously described by John Maynard Keynes into fiscal and monetary policy. Ultimately, these eras culminated into the sophisticated business entities and markets that characterize the Business of Today. Fundamentally the American Dream was set forth by the unique ideas included in the Constitution: the ideals of opportunity, liberty and prosperity. American Business is the materialization of these principles where human freedom equates to economic freedom. The Colonial, or Merchant Age, of American Business spans from 1600 through the 1820s. Originally, settlement of North American was funded by the British Crown to supply raw material to their central economy. The colonial holdings allowed Britain to blend feudal customs with more modern merchant practices to establish interests and wealth for the Crown abroad. An example of this new kind of commonwealth was the Virginia Company. A joint venture
A Brief Narrative on the Development of the American Dream
Our American experience developed along with the progress of American Business. The history of our economy may be divided into five major periods: the Colonial Period, the Era of Specialization, the Age of Big Business, the Evolution of Modern Business and the Business of Today. Rejection of mercantilism in the Colonial Period, and the theories of Adam Smith embraced by the Founding Fathers, shaped the principles of the American Revolution. Following Independence, the Era of Specialization saw dramatic advances in industrial, transportation and agricultural technologies. Specialization led to the Rise of Big Business, which has come to describe the growth of large manufacturers and service providers as well as the increased involvement of the Federal government in the …show more content…
To follow was the Rise of Modern Business, defined by the maturing of company structures and the integration of concepts famously described by John Maynard Keynes into fiscal and monetary policy. Ultimately, these eras culminated into the sophisticated business entities and markets that characterize the Business of Today. Fundamentally the American Dream was set forth by the unique ideas included in the Constitution: the ideals of opportunity, liberty and prosperity. American Business is the materialization of these principles where human freedom equates to economic freedom. The Colonial, or Merchant Age, of American Business spans from 1600 through the 1820s. Originally, settlement of North American was funded by the British Crown to supply raw material to their central economy. The colonial holdings allowed Britain to blend feudal customs with more modern merchant practices to establish interests and wealth for the Crown abroad. An example of this new kind of commonwealth was the Virginia Company. A joint venture