By John M. Dobson
ISBN-10: 1851095535
ISBN-13: 9781851095537
ISBN-10: 1851095586
ISBN-13: 9781851095582
Bulls, Bears, increase, and Bust: A historic Encyclopedia of yankee enterprise techniques interprets the language of commercial in a fascinating, compelling means. From mercantilism to microchips, indentured servants to enterprise capitalists, William Penn to invoice Gates, this special lexicon presents basic readers with an obtainable creation to the vernacular of the yankee company neighborhood, whereas supplying company execs with a convenient source for speedy authoritative answers.
Divided into 5 chronological sections, Bulls, Bears, growth, and Bust levels from colonial instances to the current, charting the dramatic historical past of industrial techniques and associations within the usa. It includes over 2 hundred topical entries that outline business-related phrases and clarify their relevance to American company and fiscal historical past. additionally, each one part offers information regarding the folks in the back of the signature advancements in American enterprise (innovative thinkers and marketers, namesakes of regularly occurring businesses, key political figures).
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Extra resources for Bulls, Bears, Boom, and Bust: A Historical Encyclopedia of American Business Concepts
Sample text
The Virginia Company of London had been organized in 1609 as a joint-stock enterprise. Even though it managed to sell shares to hundreds of investors, the costs of establishing a colony on the untamed coast of North America rose well beyond anyone’s expectations. In 1612 the company tried to resolve some of its problems by obtaining a new royal charter, the third issued to the group. In addition to approving some organizational changes, the charter permitted the company to hold one or more lotteries each year in several English cities.
Some of these societies also engaged in politics. Perhaps the best known examples were the urban workingmen who either converted their own organizations or joined companion groupings that became known as patriotic societies. The most famous of these, the Boston-based Sons of Liberty, took the lead in fomenting anti-British sentiments. These patriotic societies contained merchants, wage laborers, lawyers, shopkeepers, and artisans, all of whom recognized the benefits they enjoyed in the freer economic environment of the colonies.
They were quite advantageous to the colonists, however, because the ships they owned were considered British. These regulations stimulated an already vibrant shipbuilding industry in New England. Colonists who served as crew members on these ships were considered British as well, giving them an advantage in hiring. The disadvantage was that they could also be pressed into service on Royal Navy vessels during wartime. Indeed, the shipping restrictions to and from the colonies served a double purpose.
Bulls, Bears, Boom, and Bust: A Historical Encyclopedia of American Business Concepts by John M. Dobson
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