Impact Of Business On The Economy Essay

1479 Words Nov 9th, 2015 null Page
INTRODUCTION: WHAT IS BUSINESS? Business is a field that has a lot of impact in almost every career field possible. Basic business skills can be asked of someone during interviews, projects, and other work obligations. Business has helped many people, especially in America, change their way of life and help them follow their dreams. So, what is business? Business is “an organization or economic system where goods and services are exchanged for one another or for money” (“Business Dictionary”). It is important to understand how business has progressed throughout history and also the different types of business fields there are.
Historical Impact Of Business On The Economy This section will discuss the history of economical impact of business in America from the late 1800s until the present day. It will also discuss how the economy was influenced by the different types of contributions that were implicated during each time period.
Late 18th century Back in the late 1700s and early 1800s business and economic growth were heavily dependent on farming and processing raw materials. Some of the most important and successful exports for America were: tobacco processed grains (wheat, rice, flour) dried and salted fish potash (used for making soap and glass) All of these, and more, significantly helped American economy after they separated from Great Britain. During this time, tobacco was probably the most important source of economic growth for America. Americans were…

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