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In December 1974, RFC 675 (Specification of Internet Transmission Control Program), by Vinton Cerf, Yogen Dalal, and Carl Sunshine, used the term internet as a shorthand for internetworking and later RFCs repeated this use.Access to the ARPANET was expanded in 1981 when the National Science Foundation (NSF) funded the Computer Science Network (CSNET).Business-to-business and financial services on the Internet affect supply chains across entire industries.The Internet has no centralized governance in either technological implementation or policies for access and usage; each constituent network sets its own policies.Although other network protocols such as UUCP had global reach well before this time, this marked the beginning of the Internet as an intercontinental network.Public commercial use of the Internet began in mid-1989 with the connection of MCI Mail and Compuserve's email capabilities to the 500,000 users of the Internet.The Internet carries a vast range of information resources and services, such as the inter-linked hypertext documents and applications of the World Wide Web (WWW), electronic mail, telephony, and file sharing.

Online shopping has grown exponentially both for major retailers and small businesses and entrepreneurs, as it enables firms to extend their "brick and mortar" presence to serve a larger market or even sell goods and services entirely online.

The terms Internet and World Wide Web are often used interchangeably in everyday speech; it is common to speak of "going on the Internet" when using a web browser to view web pages.

However, the World Wide Web or the Web is only one of a large number of Internet services.

Commercial Internet service providers (ISPs) emerged in the late 1980s and early 1990s. By 1995, the Internet was fully commercialized in the U. when the NSFNet was decommissioned, removing the last restrictions on use of the Internet to carry commercial traffic.

The beginning of dedicated transatlantic communication between the NSFNET and networks in Europe was established with a low-speed satellite relay between Princeton University and Stockholm, Sweden in December 1988.