Economic Impacts of the Industrial Revolution

By paytonc
  • Adam Smith

    Adam Smith
    Adam Smith influenced industrialization by coming up with the idea of capitalism, an economic system that is still in use today.
  • Karl Marx

    Karl Marx
    Karl Marx influenced societies with his alluring idea of communism and socialism that affected others economy.
  • Hong Kong and Shanghai Banking Corporation (HSBC)

    Hong Kong and Shanghai Banking Corporation (HSBC)
    A British owned company operating out of the British colony of Hong Kong. It is now a large bank that is international. This was an example of economic impacts because British was becoming more powerful.
  • Standard Oil

    Standard Oil
    It was an everything oil company that because of the industrial revolution and cars being invented oil was needed.
  • DeBeers Diamonds

    DeBeers Diamonds
    DeBeers formed a monopoly on Diamonds that has since been legally broken up and today they own 1/3 of all diamonds in the world. Its founder Cecil Rhodes tried to get industrialization to happen so he can speed up diamond production.
  • Cecil Rhodes

    Cecil Rhodes
    Cecil controlled the global trade for diamonds and was looking to take over Africa for the British in order to get more diamonds and easier trade. The industrial revolution with new technology allowed him to do this.
  • Unilever

    Unilever
    Unilever was a British and Dutch company that originally made soap but after the revolution it owned and manages over 400 companies.
  • United Fruit Company

    United Fruit Company
    The United Fruit Company was an international business that made railroads and ports to transport goods from Latin America to America.
  • James and Sanford Dole

    James and Sanford Dole
    They found a way to ship pineapple in cans and revolutionized Hawaii's economy to be more steady.
  • Henry Ford

    Henry Ford
    Ford developed the assembly line that allowed for more production ergo an increase in money, boosting the economy. He also developed a car that created a whole industry.