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Business Education in Europe and in the United States after the Industrial Revolution

Author

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  • Sabri Burak Arzova

    (Marmara Üniversitesi, İşletme Fakültesi, İstanbul, Türkiye)

Abstract

The period that started with the acceleration of new inventions and the discovery and usage of steam powered machines in production was called Industrial Revolution. Firstly, in Europe, and particularly in the UK, capital accumulation started to increase with the Industrial Revolution which started in the 18th century. In time, the new era spreading all over the world created population growth, and gradually transformed societies from agriculture to industry, and triggered migration from village to city. As the purchasing power of individuals started to increase, the mutual trade volume of the countries also increased. The increasing trade due to the effect of the industrial revolution triggered the need for qualified labor, and this triggered the need for qualified merchants. With the industrial revolution, the need for business education has increased at the same rate. Business education, which began with the Industrial Revolution in both Europe and America, forms the roots of today’s major Business Schools. This study examines how business education started in Europe and America, which stages it recorded and how this education was given.

Suggested Citation

  • Sabri Burak Arzova, 2019. "Business Education in Europe and in the United States after the Industrial Revolution," Muhasebe Enstitusu Dergisi - Journal of Accounting Institute, Istanbul University Business School, vol. 0(61), pages 9-24, July.
    • Handle: RePEc:ist:imeder:v:0:y:2019:i:61:p:9-24
    DOI: 10.26650/MED.2019591776
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