Catalan industry came into being on the basis of finance provided by a wide range of sources. Some capital was provided by owners who combined a new business with an existing company. Capital repatriated from the Americas was also significant. However, most of the steam-powered factories were set up using modest amounts invested by families. Reinvestment of the profits enabled companies to grow in size, leading to the emergence of powerful industrial bourgeois families, who were responsible for the development of a new kind of culture, leisure and social relations.