The document discusses the emergence of the new liberal society in the late modern period, beginning with the French Revolution. It describes how the Industrial Revolution radically changed traditional production methods as manufacturing moved to factories powered by steam energy. This led to the rise of capitalism as a new economic system based on private property and divided society into bourgeois and proletariat social classes. The Enlightenment movement of the 18th century advocated ending social privileges and giving people the right to elect their rulers.