Evolution of Business in America

<Tab/>History of United States Business, history of business in the United States from the colonial period to the present day. During this period, U.S. businesses grew from small, family-owned farms and merchant trading to global corporations employing hundreds of thousands of workers in industries and services. <Tab/>United States businesses created the highest standard of living in world history. At the same time U.S. …

…for new technologies and products. New technologies, in turn, tend to lead to greater productivity and efficiency, which tends to create more wealth and more leisure time. The goods and services produced by American businesses and the method by which these goods and services are advertised shape the culture not only of the United States but also of countries around the world. American business has produced the wealthiest and most powerful nation in the world.