Sociology
The capitalist class of the mid-twentieth century were said to join the upper class because they:
participated in the same leisure pursuits and events of the ‘social calendar’
emulated the lifestyle and cultural values of the traditional aristocracy
owned companies and financial assets that generated wealth through corporations
had direct, personal ownerships of land and businesses as physical assets
owned companies and financial assets that generated wealth through corporations
From the late nineteenth century onwards, industrial production grew, and some of the most wealthy industrialists began to acquire so much capital, property and financial assets that they eventually became absorbed into the upper class. However, they did not share the aristocratic status distinction of the original working class, for they were really a capitalist class with propertied interests in land, industry, commerce and finance. 797
owned companies and financial assets that generated wealth through corporations From the late nineteenth century onwards, industrial production grew, and some of the most wealthy industrialists began to acquire so much capital, property and financial assets that they eventually became absorbed into the upper class. However, they did not share the aristocratic status distinction of the original working class, for they were really a capitalist class with propertied interests in land, industry, commerce and finance. 797
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