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4. Capitalism
By the end of the feudal age, people
started venturing into the idea of a capitalist
society. Capitalism is a economic and
cultural system characterized by the idea of
innovation and investment to increase
wealth. Capitalism had its breakthrough
when Industrial Capitalism changed the
playing field.
Industrial Capitalism is an
economic system that relies on the
investment on machinery and technology
that are used to increase the production of
marketable goods thereby maximizing profit.
Machinery replaced workers in the
workforce due to the high efficiency that
machines had over human workers, plus it
meant more profit since you have less
wages to pay.