What is industrial capitalism?

A form of industrial capitalism (taking its name from Henry Ford's pre-first world war Detroit motor car factory) that came to dominate Western economies, especially between 1945 and the 1970s, characterized by mass production through the assembly line, relatively high industrial wages leading to (through the virtuous circle) mass consumption.

How did industrial capitalism change the world?

The succeeding form would be distinguished by the pervasive mechanization and industrialization of its productive processes, changes that introduced new dynamic tendencies into the economic system while significantly transforming the social and physical landscape. …that the great breakthrough of industrial capitalism occurred in Germany.

Did capitalism exist before industrial capitalism?

These definitions indicate that capitalism existed before the arrival of industrial capitalism, primarily in the form of a commercial or merchant capitalism. Its foundations were in the trading links and routes that had been built up in different parts of the globe, often over thousands of years.