The document discusses the history and development of the internet and e-business. It explains that the internet started as a research project funded by the US Department of Defense. It then outlines how the internet was adopted rapidly once opened to the public, surpassing other technologies. The document also discusses how e-business has changed how businesses operate and consumers live, through more online interactions, mobile access, and digital transactions. Finally, it provides some examples of e-business models and strategies for companies to utilize e-business.