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He's known primarily for a single work—An Inquiry into the Nature and Causes of the Wealth of Nations, which was the first comprehensive system of political economy—which included Smith's description of a system of market-determined wages and free rather than government-constrained enterprise.
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During the industrial revolution in his anti-capitalist analysis of industrialization. Marx believed that workers would develop a sense of class consciousness under the industrialized capitalist system, and that the conditions of the factory system would push workers to revolts.
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A local bank serving international needs. In March 1865, HSBC opened its doors for business in Hong Kong, helping to finance trade between Europe and Asia. This bank shaped the resulting economy from the industrial revolution, and it ultimately influenced more consumers to use.
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Standard Oil gained a monopoly in the oil industry by buying rival refineries and developing companies for distributing and marketing its products around the globe. In 1882, these various companies were combined into the Standard Oil Trust, which would control some 90 percent of the nation's refineries and pipelines.
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Was an American industrialist who developed the pineapple industry in Hawaii
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Diamonds were first discovered in southern Africa in the mid-1860s on the farm of Nicolaas and Diederick de Beer, near what is now the city of Kimberley. Two diamond mines dug on the farm, the Kimberley and the De Beers, were at one time the world's most productive; they are no longer in operation.
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Cecil John Rhodes PC was a British mining magnate, and politician in southern Africa who served as Prime Minister of the Cape Colony
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First president of the Republic of Hawaii and first governor of the Territory of Hawaii after it was annexed by the United States
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United Fruit dominated the industry with 90% control of the banana import business in the US. They soon controlled the European market as well. In the following decades, the company gobbled up competitors throughout Central America. By 1930 United Fruit was the largest employer in Central America
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Henry Ford made it possible for every part of the automobile to be manufactured on sight; this method made it achievable for savings to be passed on to the customers.
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The businesses initially aim to negotiate an arrangement to keep out of each other's principal interests of soap and margarine production, but ultimately decide on an amalgamation instead.