James Ramsay MacDonald,
The Socialist Movement
(1911)
“ The Industrial Revolution is the term applied to the change which came over industry when mechanical appliances led to the factory system and the specialising of factory labour. There were rich men before that happened, but they belonged to the class of merchants and financiers rather than to that of manufacturers. And when the Industrial Revolution came, the manufacturer was not specially wealthy. He lived, as a rule, like a workman enjoying a substantial income. ”
