E-commerce has a much modern history. It is however not possible to talk about e-commerce without stating the history of e-commerce. E-commerce is a method of making purchases on the internet. Making purchases on the internet began with the advent of the internet as we know it. The internet drastically changed the world as much as the modern computer did. The internet as we know it was invented in the second half of the 20th century. However, at this time, it wasn’t yet popular enough. The internet gained popularity around in the late 20th century. This is the period where we can talk about the dot-com bubble.
E-commerce History and the dot-com bubble.
It is unclear when the dot-com bubble began but as people started setting up digital companies they were no shortage of capital around silicon valley to do anything. A lot of speculative investors had started throwing money at any internet company as they thought that the rapid popularity of the internet was going to pay off in the near future. This created a bubble where most e-commerce companies did not survive.
E-commerce History of Amazon and E-bay
There is no doubt that Amazon and E-bay are two tech giants that have captured most part of the e-commerce industry. eBay was the first company to be established however in present day Amazon has become the favorite of many, becoming the largest company by market capitalization. Amazon didn’t appear in the scene till 1990 after the dot-com bubble. Amazon was started by Jeff Bezos who at the time was an asset manager in Wall Street. The first thing sold on Amazon was a book. Amazon at first was an e-book company before it turned into the Amazon we know today. Now the word Amazon has become synonymous with e-commerce. When you think e-commerce you think Amazon!