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.

What factors contributed to the rise of industrial capitalism?

One of the biggest factors contributing to the rise of industrial capitalism was technology. The late 19th Century was an era of innovation. Nearly half a million patents were issued between 1860 and 1900. Improvements in machinery and manufacturing processes, like the Bessemer process to make steel, increased productivity.