AMERICAN ECONOMIC DEVELOPMENT - Book Report/Review Example

Ancient American Economic Development The evidence of discovery shows that market society is deep rooted in the pastwith buying and selling organized by trading bodies of high ambiguous features of ancient society. Based on the above fact, ancient American farmer’s attitudes were influenced by societal cultures. It has been pointed out that different ethnicities practiced their way of cultivation thus determining economic returns of a particular are. On the other hand, American business persons believed that trading by different communities is critical to high economical returns.

Similarly, two wealthy men of ancient economics such as Julius believe that the conversion of money can be effective in sustainability of power. Morgan contradicted by imposing horizontal integral control of companies to sustain power (Authors’ name 32). From the book, it is also vital to note that access supply from ancient Rome could be used in feeding the unfortunate societies such as the legion community, and such practices are still assimilated in both modern china and the United States notably, to enhance regional economic balance.

Moreover, the peasant of antiquity did not pose any land hence it attributes to similar evidence found in both classical Greece and the republic of Rome. According to Aristotle in the emergence of money market, slow effect of urbanization subsequently led to the rise of itinerant merchants. From the above book, Adam smith who is also a pronounced economist clarifies that any propulsive force that stirs entire societal growth must engage mechanism that would ensure it remains sustainable. Some of the above evidences still reflect in modern economics where every manufacturer expands his business in order to enhance profit margins (Authors name 53).

Works cited:(Kindly insert the reference of the book since the details cannot be traced I have highlighted the page numbers where in texts are required)