A History of Entrepreneurship

Historically entrepreneurial activity is a multifold phenomenon that is developing rapidly and has an origin in antiquity. First so-called businessmen started their business enriching themselves by means of violence, in particular by robberies and swindles. Development of domestic and foreign trade in Ancient Greece, China, Rome and Near East caused the appearance of businessmen in the sphere of usury and trade. Traders borrowed money from usurers under the high interest to purchase goods and then sell them abroad putting a double price. Thus they gave back their debts and interests to usurers. As a result both sides had essential benefits.