Describe in Detail the Relationship between Industrial Expansion and the Development of "New Capitalism"

Reacting to increasing consumption and production and to the resulting pressures for further efficiency, the establishments of capitalism began to reorganize toward the end of the nineteenth century. "New capitalism" is a social political order of society characterized by unequal distribution of wealth. As new firms had been small, now, as new firms grew and their need for capital increased, they began to incorporate. A stockholding rentier class emerged and encouraged capitalism through friendly legislation. …