What Role Did the 20th Century Play in Business Evolution?
The 20th century witnessed several transformative changes in the business landscape. The Great Depression of the 1930s forced businesses to adapt to extreme economic conditions, leading to innovations in management and finance. Post World War II, the advent of globalization opened up international markets, leading to the rise of multinational corporations. Technological advancements, particularly the development of the internet, revolutionized business operations and led to the rise of e-commerce.