The document summarizes key aspects of the late modern period including the Industrial Revolution, capitalism, and the Enlightenment movement. The Industrial Revolution began in the 18th century, powered by new steam engines, and radically changed manufacturing by moving it into factories. This led to the rise of capitalism as a new economic system based on private property and divided society into bourgeoisie owners and proletariat workers. During this same period, the Enlightenment movement advocated for ending social privileges and giving people democratic rights to elect their rulers.