We are going to take this over like we took over 19th Century economics!

in·dus·tri·al·ism (ĭn-dŭs′trē-ə-lĭz′əm) n.
An economic and social system based on the development of large-scale industries and marked by the production of large quantities of inexpensive manufactured goods and the concentration of employment in urban factories.

The Industrial Revolution was the transition to new manufacturing processes in the period from about 1760 to sometime between 1820 and 1840. This transition included going from hand production methods to machines, new chemical manufacturing and iron production processes, improved efficiency of water power, the increasing use of steam power and the development of machine tools. It also included the change from wood and other bio-fuels to coal. It began in Great Britain and within a few decades had spread to Western Europe and the United States.

The Industrial Revolution marks a major turning point in history; almost every aspect of daily life was influenced in some way. In particular, average income and population began to exhibit unprecedented sustained growth.

Economic historians are in agreement that the onset of the Industrial Revolution is the most important event in the history of humanity since the domestication of animals and plants.

A business magnate (or industrialist) is a person of great influence, importance, or standing in a particular enterprise or field of business. The term characteristically refers to a wealthy individual who controls through personal business ownership or dominant shareholding position a firm or industry whose goods, products, or services are widely consumed. Such individuals may also be called czars, moguls, tycoons, taipans, market makers, barons, or oligarchs.

The word magnate derives from the Latin magnates (plural of magnas), meaning "a great man" or "great nobleman".

The word tycoon derives from the Japanese word taikun, which means "great lord", used as a title for the shogun. The word entered the English language in 1857 with the return of Commodore Perry to the United States. U.S. President Abraham Lincoln was humorously referred to as the Tycoon by his aides John Nicolay and John Hay. The term spread to the business community, where it has been used ever since.