In these works Marx analyzes the class issues and the economic relations which drove forward the social and political upheavals, which took place in France in 1848. He focuses extensively on the argument that the conflict was not between the proletariat and the bourgeoisie, but between different factions within the bourgeoisie. Specifically, he identifies conflicts between the industrial bourgeoisie, whose wealth and income are dependent upon the production and sale of goods; and the financial bourgeoisie, whom he identifies as bankers and stock market speculators.[2]