During this period, an economic change that led to the formation of new elites was the Industrial Revolution allowing people to own businesses.
The Industrial Revolution
- Occurred in various stages from the mid 18th century to the early 20th century.
- Allowed for many businesses to be formed and for higher incomes and profits.
Some people were able to establish businesses that made such huge profits that they became part of the elite due to the influence that their money could buy.
Find out more on the industrial revolution at https://brainly.com/question/14814917.
