The Study of Capitalism

             The Industrial Revolution, Karl Marx & Max Weber.
             The powers that were in place for over a millenium were violently shifting. The 19th century was a time filled with revolution & revolutionaries. Industrialization and capitalism were plowing the feudal system into oblivion. The Industrial Revolution created new social classes and, new forms of labor. Karl Marx and Max Weber tried to explain and understand this change.
             The structure of western society changed forever because of the Industrial Revolution. New technological advances in communications, transportation & mass production were changing the way people lived & worked. These changes were so powerful that the ruling aristocracies of the time feared industry, because it would effect their dominance & social power.
             The Industrial Revolution was a time of invention. The creation of the steam engine or the atmospheric engine as it was originally named, changed transportation and mass production forever. The introduction of steam power replaced human and animal power in the production of goods & services. Steam power was utilized in transportation through locomotives and steamships, which later evolved into warships. Advances in communications & transportation made the world a smaller place. Information began to be transferred quickly. The media began to be more up to date because people were now linked globally through the telegraph.
             The impacts the Industrial Revolution had on social thought can be seen through the creation of new social classes. The modern working class, or proletariat began to emerge. Workers no longer owned their tools, they had little property, and generally had to exchange their labor for a money wage. Mechanical power brought a great increase in worker efficiency, which made goods abundant and cheap. Through this the standard of living improved in much of the world.
             In the new technological times there was a need for the specialization...

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