Thoughts on American business history

What I’ve learned about the history of American business is that even when businesses fail there’s always a way to get back up and reopen or open a new business to keep the economy going. Sometimes you do need assistance from the government to overcome difficult times that no one can predict. American business is part of capitalism because it drives economic activities in and out of the country. One business can bring more business into the country and provided more jobs for Citizens, for example, the railroad provided jobs but it also helps the coal and steel industries. At the same time, the railroad connected the east to the west which help open new markets and commercial farming. That created new urban areas like Chicago and Kansas City. The value of studying American history from a business or economic perspective is that we can all benefit from the business strategies that use to work for that day and age but it does work now. Which need to be many rules and laws that protect workers for example the labor movement, that protect the interest of common workers. Also, knowing American history from a business’s perspective can help develop and improve business leaders and how they should go about leading their business that is fair. Moreover, what surprised me the most is that we still use some of the laws and rules that were made long ago like social security. I didn’t know social security has been around for this long. There is always room for improvement especially when we can learn from past failures in history about how business is run.