The American Business World The

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The American Business World

• The principal aim of business is to make financial profit.

• “Money, • money, • Must be funny in the rich men’s world…” • • ABBA and others

• Adam Smith • theoretical founder of the American economic system • The main motto is • “ laissez faire” = “leave it alone” • The formula is • self-interest and self-motivation • free competition

• Trust in God and do something. • • Mary Lyon

• • Private Institutions • Large companies with shared capital

• Charitable • organizations = • non-profit institutions

• Government agencies are more bureaucratic, that’s why Americans don’t believe them.

• Private business of America stands on • - free competition • - individual freedom • - equality of opportunity • - hard work

• The competition must be free and fair • The Americans believe that unfair players very often fail • But sometimes they forget that life is not business, it’s only a game that started long ago…

• When founders came to America they were equal, but now there a lot of people in States who are rich and have capital. For them to start new business is easier. • So the conditions aren’t equal now.

• “from rags to riches” is the way American Dream comes true. • This idea still inspires many.

• The American Dream is to be better off you. How much money is ‘enough money’? ‘Enough money’ is always a little bit more than you have Jay Slabaugh

• Who is the main person in American business? • The entrepreneur who creates something from nothing.

• Business is like riding a bicycle. Either you moving or you fall down. • John David Wright

• Nowadays a new type of business appeared – • “organization man” • who works in established structure, has no romantic ideas, “workacholic”

• A specific feature of American business: • A great number of small companies with fewer than 20 employees. • They account for about 60 percent of American business.

• The way of American business wasn’t easy • The Great Depression of the 1930 s was a serious exam for American economy. The Wall Street Crash proved that money can’t do money if they aren’t supported by industry.

• The New Deal saved the situation. • The main ideas were: • - the government took the responsibility for everything; • - President Roosevelt took active measures to stabilize economy – regulated prices for corn, cotton, wheat, rice, hogs, dairy products; job for unemployed; special program for youth. •

• Pessimism never won any battle. • Dwight D. Eisenhower

• Nowadays • America • is a highly developed country • with a high standard of living and enormous productivity in industry, technology and agriculture.

• Opportunities are often things you haven’t the first time around. • Cathrine Deneuve

• But now other countries • (Japan, China and others) • take the lead in world economy. • The Globalization changed the world economic map, • so USA have to compete strong.

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