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American Business begins
Adam Smith wrote "the Wealth of Nations," Economy was mainly agriculltural and families usually raised crops and livestock for a living -
Levi Strauss & Company Born
Levi Strauss created a dry goods company for miners in San Fransisco for the Gold Rush. 10 years later the official name for his company was Levi Strauss & Co. -
Gloablization beileived to begin
There are many beliefs as to when globalization began, but the World Bank stated that globalization has three wave. The first one beginning in 1870 -
First affordable automobile created
The Ford Model T was the first automobile built and was ready for travel on September 27 of 1908 -
IBM was created
Although created in 1911, IBM got its name in 1924 and now is the second largest publicly traded technology company in the world. -
McDonalds Starts
Dick and Mac McDonald begin the McDonald's Bar-B-Que with car hop service. 8 years later a drive-in version of McDonalds is created. Then in 1955 the first franchised McDonalds is built by Ray Kroc. -
First Credit Card is given out
Diners Club and American Express issued the first credit card to 200 people who could use it at 27 restaurants in New York -
First Wal-Mart opens
The first WalMart discount store opens in Rogers, Arkansas. The first Supercenter opeed in 1988 in Washington, Missouri -
U.S. forms Information Economy
An Information Economy is one that has insant access to accurate information, communicaes through telepone lines and computers, and the majority of income depends on the use of up-to-date and accurate information. -
First Smartphone Assembled
The IBM Simon was the first smartphone built. It contained a calendar, address book, world clock, calculater, notepad, e-mail client, being able to send and receive faxes, and games.
