Key developments arising from early industrial capitalism included the emergence of factory systems, mechanization, and the expansion of trade networks. Innovations in production, such as the spinning jenny and steam power, increased efficiency and output, leading to significant economic growth. The development of a consumer culture also arose, driven by urbanization and increased availability of goods. Capitalism fostered competition and investment, laying the groundwork for modern economic systems. These foundational changes contributed to shaping contemporary economies, influencing labor relations, market dynamics, and economic theories.