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Summary. Although Western Europe had long had the basic trappings of capitalism (private property, wealth accumulation, contracts), the Industrial Revolution fueled the creation of a truly modern capitalist system. Widespread credit, business corporations, investments and large-scale stock markets all become common.
The Industrial Revolution lead to social and economic changes in Europe by people used to live in rural areas and made own clothes, equipment, and tools. ... During the Industrial Revolution work was done by machines instead of by hand, made life easier and goods affordable. Prices lower for goods.