E-commerce

13 Pages 3226 Words

gital age of society, it has become interwoven into life. The idea of being able to have communication over a long distance started more than 125 years ago with Western Union's money transfer as an example of telegraph technology. In the mid 1980’s, the introduction of the ATM (automated teller machine) card was the latest improvement to electronic commerce. People could access there account anytime day or night twenty-four hours a day. The Internet was conceived in 1969 when the Department of Defense began funding the research of computer networking. The Internet, as a means for commerce, did not become reality until the 1990’s. Before this time, it was mainly a tool for the army, and a research device for some American universities. Its popularity grew when it proved to become a fast and efficient means to conduct long distance transactions, as well as an effective way to distribute information.


Economic Impact

Clearly, E-commerce will change the face of business forever. Companies that are thousands of miles away can complete ...