Additionally, another class emerged, as a result of the industrial revolution and this was the industry wealth class, that to some degree replaced the aristocratic classes in old school societies, and especially those in Europe. These upwardly mobile individuals though they were few in number had a very large impact on social and economic change in all areas.
Wage Economy/Family Economy/Means of Production:
The emerging wage economy has had a serious impact on the standard of living of many people, during and after the industrial revolution. Changing from a barter system in combination with limited cash availability, a system than existed prior to the industrial revolution to one where the majority of workers are subject to the will of another has been a substantial change.
A two forces have had the greatest impact on the lives of ordinary people, the growth of capitalism and the extension of state power....Capitalism is...
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