Capitalism Industrial Revolution And Social Change Essay

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Although economic, political, and social structures had been changing for at least a century prior, the Industrial Revolution did have a tremendous and far-reaching impact on reconfiguring socioeconomic classes. Industrial capitalism shifted the centers of economic power to the private sector, and economic systems became far more decentralized than ever before due to the emergence of market capitalism. The new economic regime necessitated new political institutions, which in turn transformed social structures. Nineteenth century social formations included a leisure class known as the bourgeoisie and the working class, known as the proletariat, while the new political ideologies that supported capitalism included liberalism and socialism. Prior to the Enlightenment, European social, economic and political institutions were dependent on Church authority (Burke, n.d.). The French Revolution was a harbinger of the new social and political institutions like liberalism and socialism. Monarchic rule was a thing of the past; once the seeds of democracy were planted, it was impossible to prevent the reaping of social, economic, and political revolution. Thus, monarchs were perceived as “inexorable and cruel tyrants,” rather than as inevitable and necessary constraints on human life (Burke, n.d., p. 137). Centralization of wealth and power in church...

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Colonization of the New World opened up free enterprise in ways that liberalized markets and stripped power from the old institutions.
Furthermore, Enlightenment philosophies inspired ordinary citizens to divert their allegiances from church and monarch towards free enterprise. Rousseau (n.d.) declared, “man is born free, and everywhere he is in chains,” a cry to revolution (p. 181). Rousseau also called into question how political systems and governments arise out of necessity, but governments are only legitimate when the people freely and voluntarily legitimize those in positions of power. Simmel (1971) also points out how the zeitgeist of the nineteenth century was the struggle between freedom and liberty on the one hand, and social order on the other. Sieyes (n.d.) points out the ways the Third Estate—the masses, the majority of people—started to perform the essential social, political, and economic services that had previously rested wholly within the power of the nobility and church. The empowerment of the Third Estate would not have been possible without the Industrial Revolution.

The Industrial Revolution also changed social norms. Dickens’s A Christmas Carol is only one example of how the literature of the Victorian era reflected trends towards socialist ethics.…

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