The End of One Kind of Doing Business?

Summary


* Commercializing the Internet is the new frontier

WASHINGTON - When he died in 1848, John Jacob Astor was America's richest man, leaving a fortune of $20 million that had been earned mainly from real estate and fur trading.

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Extract


The End of One Kind of Doing Business?

Despite his riches, Astor's business was mainly a one-man show. He employed only a handful of workers, most of them clerks.

This was typical of his time, when the farmer, the craftsman, the small partnership and the independent merchant ruled the...

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