Entrepreneurship
The document discusses the history of entrepreneurship from ancient times to the 21st century. It describes how entrepreneurs in early periods took on risk by financing trade routes and loan contracts. In the Middle Ages, entrepreneurs managed production projects backed by government resources with little risk. The 17th century saw the rise of contractual agreements and economists studying entrepreneurship. The 18th century brought inventions, technology, and industrialization driven by entrepreneurs. Major innovators in the 19th century like Andrew Carnegie grew American industries. The 20th century featured entrepreneurs starting new industries and innovations like transistors and lasers. Entrepreneurship continues to drive new innovations in the 21st century.
Entrepreneurship
- 2. Entrepreneurship Contents Earliest period Middle ages 17th century 18th century 19th & 20th century 21th century
- 4. Earliest period • Marco Polo, Go-between • Merchant-adventurer • Trade Routes Far-East • Contract of Loan by Capitalist of 22.5 interest. Also get75% of Profit. • Passive risk bearer.
- 5. Middle Ages • Managed Production Project • Govt. Recourses Provide. • Entrepreneur is a Cleric, No risk Architectural work
- 6. 17th century • Contractual agreement - Fixed Richard Cantillon (Economist) – Law mistake Stock Price rise without Assets Value. John Law – Royal bank – Franchise trading company
- 7. 18th century • Invention development • Technological • Industrialization Eli Whitney – British Crown propertyThomas Edison – Private Source
- 8. 19th century Entrepreneur – Andrew Carnegie- Innovator Personal gain – Contribute own Pay for Material, capital American Steel Industry
- 9. 20th century • Entrepreneur as a Innovator • New Industry, • Technological Commodity, - Transistor,Lasers • Innovation • Newness Edward Harriman – Ontario & Southern Railroads John Pierpont Morgan – Large Bank House Egyptians - Pyramid Computer
- 10. 20th
- 11. 21 century
- 12. 21st century