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Adam Smith
Adam Smith was a Scottish economist who is often referred to as "The Founding Father of Economics". He began as a professor but then decided to write a book called The Theory of Moral Sentiments which made him very popular. He also then wrote The Wealth of Nations which was super popular. He explained how certain nations thrived in the current Industrial world and how others didn't -
Hong Kong and Shanghai Banking Corporation
This is a company that was opened in Hong Kong which at the time was owned by the British Empire. They were founded in order to support transnational transactions. They were one of the most powerful banks during the Industrial Era. -
Standard Oil
Standard Oil was an American oil company that was owned by John F. Rockafeller. It was a monopoly and controlled almost all oil flow in the United States in the early 20th century. Thanks to the Industrial Revolution oil was extremely important to the entire society. This company made Rockefeller the first American Billionaire. -
De Beers Diamonds
De Beers Diamonds began when an Englishman decided to boy lots of diamond deposits in South Africa during a diamond rush. Thanks to the booming economy of the Industrial era, the company quickly boomed and eventually became a monopoly by the 1900s.. They received funding from Rothschild and Sons bank which is how they were able to become so succesful. -
Unilever
William Hesketh Lever established the company and a product called Sunlight Soap which became a pioneer for hygiene in England at the time. They eventually became the most popular cleanliness product. -
United Fruit Company
The United Fruit Company was an American Company that dealt with the trade of fruit on an international level and became a monopoly at one point. They capitalized off of the booming transnational trade that was taking place because of the Industrial Revolution. -
Henry Ford
At age 40, Henry Ford established the Ford Motor Company. He is popularly remembered as the creator of the assembly line. This system, which was adopted by many other manufacturers, allowed for the production process to be done much more efficiently.
