EVOLUTION OF BUSINESSKayla BrownBUS211 12/14/2015David Christensen

OVERVIEW Feudalism

Mercantilism

Capitalism

Commerce

Property rights

The Industrial Revolution

FEUDALISM

King

Vassals

Knights

Peasants/Townspeople

Middle Ages. 500-1500 A.D

Split into Hierarchies

Aristocrats

Tenant Farming

MERCANTILISM

Mercantilism

Population Growth

Export finished goods

Balance of trade

Import raw

materials

Merchants

International Trade

Monarchs & Aristocrats

American Revolution

COMMERCE

From Barter to Money

From Money to Capital

CAPITALISM

Upper Class

Upper Middle Class

Lower Middle Class

Working Class

Class Systems

Capitalists- Carnegie/Rockefeller

Trade Union

PROPERTY RIGHTS

Property Rights

Land

Enterprise

Labor

Capital

Magna Carta

Turning point in business history

Balance of power shifted

THE INDUSTRIAL REVOLUTION

Invention of steam engine

Farming & Manufacturing

CONCLUSION Business Systems

Productivity

Profitability

Organization

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