Source : Webster's Revised Unabridged Dictionary (1913)

Industrialism \In*dus"tri*al*ism\, n.
   1. Devotion to industrial pursuits; labor; industry. --J. S.
      Mill.

   2. The principles or policy applicable to industrial pursuits
      or organized labor.

            Industrialism must not confounded with
            industriousness.                      --H. Spencer.

Source : WordNet®

industrialism
     n : an economic system built on large industries rather than on
         agriculture or craftsmanship