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The internet was opened to commercial use and e-commerce became possible
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Amazon.com was founded by Jeff Bezos
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Dell, Inc. was founded
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The introduction of online payment methods
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Dell, Inc. was the first company to record a million dollars in online sales
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Security protocals and DSL allowed rapid access and a persistent connection to the internet to help e-commerce.
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Many businesses in the United States and Western Europe represented their businesses on the world wide web and the term e-commerce came to mean the buying of goods and services over the internet.
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The Business to Business model had around $700 billion in transactions
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Amazon.com made its first annual profit which was the first step to the further development.
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E-commerce sales accounted for 3.4% of total retail sales.