Major controversy has happened over the dinner table between my brothers as my parents continually provide a great dinner every sunday night. Preparing food for the entire family has not been so easy for a family of 4 brothers. My parents always wanted to appease everyone’s appetite, yet it didn’t always happen. There would be nights when some of us eat great, and there would be time that we would not eat.
My parents taught us to be self-proficient from an early age on, taking care of ourselves, and doing our daily duties/chores. While they were both working parents, they provided us, boys, with the perfect opportunity to take advantage of any situation and capitalize on it, but it required that we became clever and witty about it. Granted, that life lesson came fairly pricey because we also got into trouble from “capitalizing” during the wrong situations. We learned our lessons pretty quickly.
Even though capitalism and entrepreneurship have been around for centuries and is known to be common practices around the dinner table, there have been two unequivocal waves of Capitalism and Entrepreneurship that have been captured in history: The American Revolution and the Industrial Revolution.
The American Revolution: The first wave of Capitalism and Entrepreneurship in the New World was farming/colonizing capitalism. Adam Smith, Thomas Jefferson, George Washington, and the Founding Fathers knew of the heavy the taxes across the ocean. The American Colonies were settled to be free of such tyranny and oppression from a “government-heavy” nation in all aspects of life, choice of religion, choice of work, and choice of lifestyle. They wanted to farm, open up blacksmith forges, open and run their own businesses, etc. with the same freedom they sought from religious persecution. By building our country’s foundation upon capitalism and entrepreneurship, the road was paved to introduce in time the second unequivocal wave of capitalism and entrepreneurship.
The Industrial Revolution: This is viewed as one of the most important time periods in history because change was necessary with the transition from hand-made materials into manufacturing and mass production lines. A few capitalists and entrepreneurs stepped out of the wood-work, and took this revolution to the next level. VanderBilt, Ford, Rockafeller, and Carnegie,and many others emerged from the free market, and guided the Industrial Revolution into what it is known for today.
Both revolutions were caused by different reasons, however, it required a different mindset to alter and change the course of the world’s economy. To see something in a different light, to improve a process, a recipe, to continually develop and challenge the way the world works as we know it. Freedom from oppression and tyranny, freedom to see an opportunity and to jump on it, freedom to live the way we choose to, not the way way we are told to live.
A 3rd revolution is emerging into this economy as we speak… With technology and the internet continually growing and increasing in user mobility, we are about the embark on the biggest and most significant revolution the world has ever seen!
Until Next Week…