Answer: Industrial Revolution created a gap between the wealthy and poor and due to these people were able to pull themselves out of the peasant class. Socialism is a very generic term Fredrich Engels and Karl Marx was a two-person who basically belongs from a good family, but in their studies, they saw that happenings in the society were not good. According to them, Communism is a type of government that would be fair to all people, communism advocates for no private property.