The Significance of Business History

R. Richard Wohl

Business History Review, 1954, vol. 28, issue 2, 128-140

Abstract: The study of business history should not be restricted to investigating the development of internal administration in specific firms. The history of business is indivisibly linked to the history of mankind, and business historians should aim at understanding the interplay between the actions of individual companies and changes in the total society. This topic can be illuminated by studying a group of firms in the same industry, by studying business in a certain region, or by relating business policies and methods to such characteristics of the population as the American willingness to work hard in pursuit of a higher standard of consumption.

Date: 1954
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