Posts tagged Ornamentation

?I. IntroductionThe history of modern American economy traces its roots in the 16th century when migrants from Europe came to settle in the country. At that time, the nation was inhabited by Native Americans — indigenous peoples who were recognized according to tribes. Prior to the arrival of European settlers, tribes traded among themselves.When the Europeans came they established economic interaction with the natives thru the barter or trading of commodities. Such interaction increased tremendously over time – thus becoming the cornerstones of commerce and the foundation of a nation. From the early trading systems, business in America progressed to more complicated and more comprehensive levels. Tracing these roots, from the early barter practices through the Industrial Revolution up until the Internet Revolution can help us better appreciate why America is the most powerful economy in the world today.II. BarteringThe beginnings of business in America are closely intertwined with the early practice of barter. In its early history, the United States was a collection of colonies where the absence of a common currency led to the use of all sorts of substitutes, e.g. tobacco and wampum, as money.Barter… More >>