During the Industrial Revolution, there was an economic system called "Capitalism ". It was a system in which inversion and ownership of the means of production, distribution, and exchange of  wealth is made and maintained  by elites. This system created markets where customers and sellers of goods and services agreed on prices. In this syestem the goverment was under the control of the capitalist classes. The revolution moved economic power away from the aristocratic classes and into the hands of the new middle class, the bourgeoisie.  

 

 

Sources: 

http://dictionary.reference.com/browse/capitalism  

www.coedu.usf.edu/