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Business, Government, and Society 13th Edition by John Steiner ,George Steiner Emeritus
Edition 13ISBN: 978-0078112676Business, Government, and Society 13th Edition by John Steiner ,George Steiner Emeritus
Edition 13ISBN: 978-0078112676 Exercise 2
How did the environment of the American Fur Company change in the 1830s? What deep historical forces are implicated in these changes?
Explanation
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The case discussed here is about an individual A who came from country G to country A. Here, he started fur trading business with the help of natives and then how with the help of his smart, and shrewd decisions, he became the most powerful and rich person in the country.
The motive of A was very clear which was to make money. He was very successful in achieving that motive as he became the richest person in the country. The fur industry in itself changed a lot in 1830's. The demand of beaver hats was declining because they were getting out of fashion and silk hats were then in demand. The technology of pelts used inside the hats was also changing.
There was cholera epidemic covering most of the world in 1832 and it was believed that transportation of fur was responsible for spread of this disease. The resource i.e. beaver population was also in danger because of over tapping and no efforts were made to conserve the population. Smallpox killed a very large population of natives who were the real source of beaver supply.
This case proves existence of historical powers which bring change in any era. One of the forces was of disease and epidemic which have wiped out civilizations in history and here changed an industry. Another historical power is technology which has power to disrupt any current business. Production of silk and better pelts have improved the technology and reduced the demand of beaver hats and pelts.
The motive of A was very clear which was to make money. He was very successful in achieving that motive as he became the richest person in the country. The fur industry in itself changed a lot in 1830's. The demand of beaver hats was declining because they were getting out of fashion and silk hats were then in demand. The technology of pelts used inside the hats was also changing.
There was cholera epidemic covering most of the world in 1832 and it was believed that transportation of fur was responsible for spread of this disease. The resource i.e. beaver population was also in danger because of over tapping and no efforts were made to conserve the population. Smallpox killed a very large population of natives who were the real source of beaver supply.
This case proves existence of historical powers which bring change in any era. One of the forces was of disease and epidemic which have wiped out civilizations in history and here changed an industry. Another historical power is technology which has power to disrupt any current business. Production of silk and better pelts have improved the technology and reduced the demand of beaver hats and pelts.
Business, Government, and Society 13th Edition by John Steiner ,George Steiner Emeritus
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