In 1979, a man living in the United Kingdom named Michael Aldrich invented the framework for online business to take place. Though the internet was newly introduced and very flawed, he was able to use a telephone line and link it to a transaction processing computer to prove that his invention worked to his employer, Rediffusion Computers (The Michael Aldrich…). This invention was the first of many developments that pushed the boundary on the accessibility of products, how business is conducted, the competition and the globalization of businesses.
My grandfather owned a men’s clothing store in the small town Clinton, Oklahoma. While talking with him, I realized how tough it was to own a store in the late 80’s and early 90’s. I learned at that time, there were four men’s clothing stores in the town of Clinton. Shop by shop began to close, until my grandfather’s shop was the only one that was left. Many shops closed due to the tough economic times and people were not able to pay for luxury items as nice suits. I asked him why his was the only one to stay open through all the
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Ebay brought a whole new level of buying and selling to the modern world. It not only made it easier to sell the old iPod or the hand-me-down coat, but it also allowed people to spread their own small business or homemade items around the world. The pre-internet time period lacked creativity and innovation in the world market, so once there was a way to make their mark, this caused the internet to be flooded with everyday people trying to sell anything anyone could ever be in the market for. This happened because many of the inventions and creative ideas were never given a chance to be tested by consumers, since there was no way to publicize them. The internet gave them a way. Ebay and other self-selling websites, allowed even the average individual a chance to spread their products and ideas around the