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The tremendous new wealth created by industrialization allowed the upper class to build huge mansions collect fine art and erect museums and libraries.
Industrial revolution wealthy factory owners. Employers constitute the third order. They also gained status in society and it also ended with a larger middle class of people. There are two views of the industrial revolution one from commoners and workers and the other from rich factory owners in the book the industrial revolution in global perspective the author slightly touches open this topic.
Middle class factory owners who were very successful were able to move into the upper class. Before the revolution everything was rural however as soon as the revolution hit cities sprung up and came to life benefiting the whole population wages prices were decreased on goods for everybody including the workers making everything more affordable owners provided good. Wealth of nations 1776 excerpt by adam smith there are three orders in society those who live by rent by labour and by profits.
During the industrial revolution wealthy and greedy factory owners bourgeoisie were taking advantage of the poor factory workers the proletariat to earn money. For example the industrial revolution led to many of the following. While the industrial revolution first began in britain in the 18th century and took place throughout the centuries that followed its impacts can still be seen in our lives today.
With the explosion of manufacturing and trade the rich who owned businesses got even richer. The proletariat should rise up overthrow the bourgeoisie in a violent revolution and eliminate laissez faire capitalism. Merchants shippers and factory owners all gained wealth during the industrial revolution.
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