Modern business history in the United States starts roughly in the 1820s and 1830s. First the construction of a network of canals, and then of a nationwide railroad system triggered a process of economic unification of the country. A stream of basic inventions — the steam engine, the cotton gin, the Bessemer steel process, the vulcanization of rubber — provided a technological base for a rapid industrial takeoff. Technological invention proceeded alongside social invention and the development of one of the most successful and influential organizations in history — the business firm.
KeywordsStrategic Management Historical Perspective Social Progress Business Firm Marketing Concept
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