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Businesses Throughout History

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Businesses have always been a very important part of life in America, they may range from a small “mom and pop” store to a large corporation. They are important in provides goods and services that are used by the general public as well as providing jobs or means of income to the public. While many businesses have gone bankrupt, business in America has changed considerably throughout history, businesses have grown or expanded, because of advancements in technology, there are now robots that can do the job that people used to do, and also many new businesses have been formed due to the constant changes in the needs and wants of the public

Businesses in America are always growing or changing because the public's needs or wants are always changing. From 1865-1876, the U.S. focused on abolishing slavery, destroying the Confederacy, and reconstructing the nation, this period of time was known as the "Reconstruction." "The enormous cost of the Confederate war effort took a high toll on the South's economic infrastructure. The direct costs to the Confederacy in human capital, government expenditures, and physical destruction from the war totaled 3.3 billion dollars. By 1865, the Confederate dollar was worthless due to massive inflation, and people in the South had to resort to bartering services for goods, or else use scarce Union dollars. With the emancipation of the southern slaves, the entire economy of the South had to be rebuilt." (http://en.wikipedia.org/wiki/Reconstruction_Era_of_the_United_States) It was long, hard work to rebuild the economy without having slaves to do the work for them, so as a result the South transformed into a tenant farming agriculture. African Americans, after being freed, relocated to major cities, but the only occupations they were able to get were low paying jobs such as, hotel workers, rail workers, or cooks and maids.

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