The American Business World The principal aim of

The American Business World

The principal aim of business is to make financial profit.

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

Adam Smith the 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 are 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 1930s 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.