discovery of America paved the way
Modern industry has established the world-market, for which the
discovery of America paved the way. This market has given an
immense development to commerce, to navigation, to communication
by land. This development has, in its time, reacted on the
extension of industry; and in proportion as industry, commerce,
navigation, railways extended, in the same proportion the
bourgeoisie developed, increased its capital, and pushed into the
background every class handed down from the Middle Ages.