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Adam Smith published his Wealth of Nations in 1776, when Britain was beginning to enter the Industrial Revolution.To increase wealth and factory production, Smith argued, a nation needs to expand its economic production in order to achieve this.
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Karl Marx’s ideas have been thought to be responsible for the socialist and economic revolutions that occurred. He believed the working class should make itself ruling class and wanted to rid the idea of having a government. He published Manifest der Kommunistischen Partei in 1848, commonly known as The Communist Manifesto, a principal text during the socialist movement.
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James Dole founded the Hawaiian Pineapple Company, now known as Dole pineapple when he went to Hawaii in 1899, five years after his cousin Sanford B. Dole. Sanford had become the first president of the republic, after the Hawaiian monarchy was overthrown.The Hawaiian Pineapple Company resulted in economic integration for Hawaii.
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The HSBC is a bank established and based in Hong Kong since 1865 when Hong Kong was a colony of the British Empire. It is the largest bank in Hong Kong with branches and offices throughout Asia as well as many other countries. HSBC is a multinational investment bank and offers financial services, highly contributing to the economy.
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The Standard Oil Company was founded by John D. Rockefeller. It is the largest oil company in the world and it controlled all aspects of the petroleum industry in the economy.
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DeBeers Diamonds was formed in 1888 by the companies of Barney Barnato and Cecil Rhodes. The company was the sole owner of all diamond mining operations in South Africa, contributing to South Africa's sustainable economy and lavish wealth. DeBeers is also the world’s largest producer and distributor of diamonds.
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Rhodes was born in 1853, and he played a major political and economic role in South Africa. He was a financer, statesman and empire builder. He began the company DeBeers Diamonds in 1888 along with Barney Barnato.
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The United Fruit Company was a U.S. corporation that controlled the banana trade in Latin America (majority). They had a huge impact on the economies of the countries involved in processing and marketing for the United Fruit Company.
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Henry Ford was an American industrialist and the founder of the Ford Motor Company. He also sponsored the development of the assembly line technique used in mass production. The Ford Motor Company helped rejuvenate the economy, contributing to its success.
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The Unlever Corporation was founded by the Lever Brothers and Samuel van de Bergh's companies. Unilever is a British-Dutch transnational consumer goods company located in the UK and Netherlands, and they showed fast growth in economic development during the Industrial Revolution.
