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The article discusses several sources of modern business principles and practice. Literary works documenting business conditions and practices in France at the end of the seventeenth century are discussed, with primary focus given to "The Perfect Businessman" by Jacques Savary. Savary presents a detailed description of the textile industry, wholesale merchandising, and its role in the physical distribution of goods. Emphasis is given to the distinction between the wholesale and retail trade and the developing role of the commercial agent.

The article chronicles the development of business and its unique place in American culture. The article begins by differentiating how the business culture developed in the U.S.. The author ties Federalism to commerce, arguing that the first ten amendments of the U.S. Constitution are an assertion of commercial honesty and honor. Further discussion of the constitutional rights of property over the rights of labor is presented. The article discusses the importance of the businessman in our society, who gains power not through wealth, but from the recognition of his service to the community by invention and the pursuit of progress. The author questions the shift in government control of business away from these initial ideals and the popular view that business is unethical or dishonest.