ELI5: Explain Like I'm 5

American business history

American business history is about how businesses, or companies, grew and changed in the United States over time. Businesses are usually owned by individuals or groups of people who want to make money and have a good life. Starting in the 1600s, people bought and sold land, goods, and services in the United States. Some of the businesses that started during this time were factories, farms, and stores.

Over time, more and more businesses were created as the country grew. Businesses made money by buying goods from other countries and selling them in the United States. They also built things like railways and roads to help people move their goods around. Big businesses and companies became richer, while the smaller businesses sometimes had trouble staying in business.

Today, businesses in the United States come in all shapes and sizes. Some people run small businesses like bakeries, and others work for big companies. Businesses still buy goods from other countries and sell them in the United States, but now they also use technology to help them do business. Businesses in the United States also use the internet and computers to help customers buy their products.