Week 2 Bus 210

Topics: Capitalism, Industrial Revolution, Commerce Pages: 3 (259 words) Published: July 19, 2013
Evolution of
Resource: Ch. 2 of Introduction to Business
Create a 10- to 15-slide Microsoft® PowerPoint® presentation describing the evolution of business.
Include information about the following points:

 Feudalism
 Mercantilism
 Capitalism
 Commerce
 Property rights
 The Industrial Revolution

Provide examples and appropriate visuals to illustrate each phase of business.
Include detailed speaker notes, a title slide, and an APA reference slide.
Day 7 100

IN the beginning

People lived in small towns
Farmers grew crops
Shared resources and profits
people exchanged for other good or services without using money.


The dominant social system in medieval Europe, in which land granted by the Crown to the nobility was in turn held by vassals and worked.

Kings and queens

Monarchs delegated resource

Kings and queens


Farmers made small profits
increased motivation
Tenants farming began

Feudalism systme started to go down

Problems started over profits
Wars were very common
People wanted more land more resources


Global trading of products
Borrowed capital funded trading
buy low, sell high
banking became a respected business

Property rights
money increases profitablitly
creates new kinds of business opportunities
capital investments

private properties become enterprising
private production, trade and distribution
Trade union lobbied on behalf of its member


Comerce brings big changes

labor land
capital enterprise

Revolution in farming

steam engines increase productivity
workers displaced
common land was taken back
immigration was on the rise.

Money to be made

aristocrat no longer had power
people made their own millions
business is still booming
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