Provide a 5 pages analysis while answering the following question: How the Recovery Act of 2009 Affects Entrepreneurship in the United States. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. Entrepreneurship may take different forms the most common of which are starting a new business, venturing into a new market, coming up with new methods of production, and adopting a new organizational form. Entrepreneurs generally are people who are innovative and take risks with an aim of making profits. It is worth noting that entrepreneurship plays a great role in the development of nations, and the world at large. In fact, all parts of the world have experienced the benefits of having entrepreneurs around.
The United States of America has been a great beneficiary of entrepreneurial minds since its establishment as a nation. It may well be stated that at the very center of the ideals of America is the entrepreneurial spirit. Adam Smith and Richard Cantillon are much credited with the advent of Entrepreneurship in the United States of America in the 17th and 18th centuries. Although their concept of entrepreneurship was largely ignored then, it drew great attention in the late 19th century and has henceforth achieved profound popularity especially in economics and business fields.
American entrepreneurial history has notably taken greater shape ever since the early 20th century – a time at which the political environment became more business friendly. America in the 19th century was characterized by the divergence between major business groups which included non-farm entrepreneurs and farmers as noted by Reich. Large private communication and transport companies that emerged in the latter part of the 19th centuries saw these conflicts take a new, sharper focus with the companies being seen as enemies of the two groups. The establishment of the merger movement between 1870 and 1930 saw the rise in concerns over the economy and the individual’s opportunities.
It has been noted by some scholars that entrepreneurship in America was stimulated by the rigorous documentation of histories of industries. .
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