Economic Impacts Of The Industrial Revolution

  • Adam Smith

    Adam Smith
    he created the first system of political economy. He also created the idea of a free market where business compete , supply and demand, and self-interest. It was a base line for people to show how things should work in the economy.
  • Karl Marx

    Karl Marx
    Created Communist Manifesto talking about political and economic growth. This had a huge impact on political and economic history not only in Russia but in many other nations.
  • James and Sanford Dole

    James and Sanford Dole
    James Dole created the Dole pineapple company based in Hawaii which had a big impact in the state, and later on Sanford Dole became the first president of the Republic of Hawaii.
  • HSBC

    HSBC
    HSBC was born from a idea of a bank that served internationally. They helped finance trade between Europe and Asia which helped relationships between nations.
  • Standard Oil

    Standard Oil
    It was a American Oil- producing and Marketing company. at the time it was the world largest oil reformer, because of their work more machines and advancements were made in technology.
  • DeBeers Diamonds and Cecil Rhodes

    DeBeers Diamonds and Cecil Rhodes
    Cecil Rhodes a large businessman founded the company DeBeers Diamonds, which controlled global trade. Due to their large presence in the Diamond industry they impacted the global economy and trade.
  • United Fruit Company

    United Fruit Company
    Founded by the Boston Fruit Company and many others. They took control of 90% of banana imports in the US and Europe. They also took over competitors in Central America which made them dominant in their industry
  • Henry Ford

    Henry Ford
    He founded the Ford Motor Company. Due to his automobiles transportation was transformed completely. He became one of the richest people ever and impacted the world.
  • Unilever

    Unilever
    The Lever Brothers and Margarine Unie agreed to create Unilever. They took control of most of the raw material which hurt the economy. They had previously tried to get out of each other interests of margarine and soap production but eventually they decided to come to a amalgamation instead.