Final answer:
According to sociologist Thorstein Veblen, those who made vast sums of money from industrialization often engaged in conspicuous consumption and leisure.
Step-by-step explanation:
According to sociologist Thorstein Veblen, those who made vast sums of money from industrialization often engaged in conspicuous consumption and leisure. Veblen coined the term 'conspicuous consumption' to describe the behavior of the upper class who displayed their wealth through extravagant spending on luxury goods and leisure activities. This behavior served to highlight their social status and power, while exploiting the working class who produced the goods for their consumption. Veblen argued that this division and economic inefficiencies required correction or reform.