Final answer:
IBP, or Iowa Beef Packers, brought major changes to the meat packing industry through increased efficiency and scale, resulting in political and economic reforms led by the Federal Meat Inspection Act and the Pure Food and Drug Act in 1906.
Step-by-step explanation:
IBP, Inc., originally known as Iowa Beef Packers, revolutionized the meat packing industry by introducing new meat processing technologies and organizational strategies that increased efficiency and reduced costs. Thanks to IBP, the industry shifted towards large-scale operations that processed higher volumes of meat at lower costs to consumers. This often came at the expense of local butchers and traditional meat processing methods. Moreover, the company was known for its controversial labor practices and purported connections with organized crime, particularly relating to labor unions and market manipulation.
The developments driven by IBP did lead to significant political and economic impacts during the Industrial Revolution. One notable impact was the sweeping reforms of the meat packing industry following public outrage over unsanitary conditions and practices, largely brought to light by Upton Sinclair's novel "The Jungle." This outrage led to the creation of the Federal Meat Inspection Act and the Pure Food and Drug Act in 1906, which established cleanliness standards and food labeling requirements, fundamentally reshaping the industry.