The essence of the industrial revolution was the creation of a large – scale industry , i.e , industrialisation , which was aimed at building a technical basis appropriate to the pro duction relations of capitalism . However , capitalist industrialisation , as part of capitalist production , was governed by the principal economic law of capitalism – production of surplus value . That is why in the capitalist countries the industrial revolution began in the light industry where , in virtue of the rapid capital turnover , it was possible to make profit more quickly ; only as capital accumulated was it directed into the heavy industry . The capitalist countries were industrialised primarily through the plunder of their colonies . This applies particularly to England and France . Foreign loans are another means of building the industry . Lastly , industrialisation was carried out in a number of cases partly at the expense of the vanquished country . For example , Germany used the indemnities received from France after the Franco – Prussian War to build its large – scale industry . But in all cases , a large – scale industry in capitalist countries is also built through ruination and plunder of the country’s own people , i.e. , increase in taxes , dispossession of peasants , intensified exploitation of workers , etc.
Capitalism Society 