Wealth was a measure of a person's value to society.
Socialism's origins where in France in the late 1780s during the industrial age. It spread through Europe over the next 200 years. I have added a link for you below that will give you a basic idea about the origin of socialism. I would have written it all out for you but it is a long story.
Social ownership of the means of productionEconomic planning to coordinate production and investmentWorkers' self-management or collective-decision making in firms
Plato
capitalism, socialism, and communism
Teddy Roosevelt
socialism
Communism and Socialism
Socialism
Abraham Simchah Sachs has written: 'Di lehre fun sotsyalizm' -- subject(s): Socialism 'Basic principles of scientific socialism' -- subject(s): Socialism
Marxism
socialism