Facts

By the 18th century, iron and coal became examples of industries that were capitalist in peculiar ways. From inception both industries were capitalist inclined,since they required heavy expenditure for the actual process of production. The labor force comprised of wage earners working for a master and were not owners of the forge, iron ore or coalmine. Similarly, as early as the 17th century, a sizable number of comparatively small industries emerged namely,soap,brewing, glass and salt-making industries. However, during this period the interest in agriculture was still very strong,with the handicraft men more prominent than the industrial or commercial capitalist. In the second half of the 18th century, the growth of the population prompting the increase in the demand for goods, improved transportation system, unprecedented mechanical inventions, new materials and improved chemical processes resulted in the industrial revolution. Industries such as coal and hardware made use of incre...