Economic Changes Resulting from the Industrial Revolution

  • Wealth of nations by Adam Smith

    Adam Smith wrote Wealth of Nations, saying that humans are naturally transactional, providing a base text in support of capitalism and private entrepreneurship.
  • Karl Marx: Communist Manifesto

    Karl Marx and Frederich Engels published their socialistic pamphlet, arguing that it was only a matter of time before the workers through off the the upper classes and took over the production themselves.
  • Hawaiian Pineapple Company(Dole food company)

    Dole Food Company, Inc. (previously named Standard Fruit Company) is an American agricultural multinational corporation headquartered in Westlake Village, California. The company is the largest producer of fruit and vegetables in the world now.
  • Standard Oil

    Standard Oil Company was incorporated in Ohio in 1870, but the company's origins date to 1863, when John D. Rockefeller joined Maurice B. Clark and Samuel Andrews in a Cleveland, Ohio, oil-refining business.
  • HSBC Opens

    HSBC opens in 1865 in Hong Kong a british-owned bank focused on finance, corporate investments, and banking.
  • Unilever Established

    Unilever is a manufacturer for almost 400 brand in modern day, but they started off by making soap. By 1890 they had soap factories in all major countries and territories.
  • DeBeers Diamonds Established

    In 1871 the English entrepreneur Cecil Rhodes bought a claim to the De Beers mine and, with this as a financial base, eventually bought up most of the diamond mines in southern Africa. In 1888 he incorporated De Beers Consolidated Mines, Ltd.
  • United Fruit Company Established

    The United Fruit Company was founded in 1899 by the merger of the Boston Fruit Company and several other companies producing and marketing bananas from the Caribbean islands, Central America, and Colombia.
  • Ford is established

    While working as an engineer for the Edison Illuminating Company in Detroit, Henry Ford (1863-1947) built his first gasoline-powered horseless carriage, the Quadricycle, in the shed behind his home. In 1903, he established the Ford Motor Company, and five years later the company rolled out the first Model T.