The Evolution of Business and Trade

The things we have and do today have a history, and some of these originated long ago. The telephone was invented during the 1870s by Alexander Graham Bell. As time progressed, the telephone was developed to become smaller, more efficient and more powerful. Now we have mobile phones which are capable of browsing the internet, playing music, and managing minor tasks.  Its evolution made it easier for man to communicate. But a more interesting topic is how business and trade began, and we will discuss its history briefly here.

Business and trade began in the ancient times when nomads traveled to different places. Because they did not know how to generate resources for themselves, they relied on what nature provided them. However, this was not enough, and the need for basic necessity increased for them. This lead to the discovery of clothes and body ornaments which were considered as “luxurious goods.” Skills were developed in weaving, metal craft, pottery and sculpting. The products of these skills became commodities which paid for in gold, silver or copper. Others exchanged the products for wool, ceramics, spices, iron, semi-precious stones, livestock, textiles and many more. People exchanged the commodities they had to acquire other commodities which they needed or wanted. Others learned to speak different languages in order to cross distant lands through caravans. Camels were used for long travel across lands, and shipping trade routes to Asia, Africa and Europe were established. 

The start of trade triggered the advancement of the business industry. As time changed, new ways were found for marketing and selling products. Until now, the field of trade and business is experiencing vast and rapid changes. Trading was a mark of cultural awareness, social bonding, and economic success during the nomadic period. In some ways, the same can be said today.  Business experts like Terry Powell are aware of the history of business and trade. That knowledge has helped them in understanding the ins and outs of the field. Entrepreneurs who are just starting would do well to emulate these experts in their pursuit of success.