I’d say the formation of Capitalist production depends on the development of certain technologies to allow for the creation of large industry and division of society into classes of bourgeois and proletarian. Engels sums it up in Socialism: Utopian and Scientific:

Prior to capitalist production, i.e., in the Middle Ages, small-scale production generally prevailed, based upon the workers’ private ownership of their means of production: the agriculture of the small peasant, freeman or serf, and the handicrafts in the towns. The instruments of labour – land, agricultural implements, the workshop, the hand tool – were the instruments of labour of single individuals, adapted for individual use, and, therefore, of necessity puny, dwarfish, circumscribed. But for this very reason they normally belonged to the producer himself. To concentrate these scattered, limited means of production, to enlarge them, to turn them into the powerful levers of production of the present day was precisely the historic role of the capitalist mode of production and of its upholder, the bourgeoisie. In Part IV of Capital Marx gives a detailed account of how the bourgeoisie has historically accomplished this since the fifteenth century through the three phases of simple co-operation, manufacture and large-scale industry. But as is also shown there, the bourgeoisie could not transform these limited means of production into mighty productive forces without at the same time transforming them from individual means of production into social means of production only workable by a collectivity of men. The spinning wheel, the hand-loom and the blacksmith’s hammer were replaced by the spinning machine, the power-loom and the steam hammer, and the individual workshop by the factory commanding the co-operation of hundreds and thousands of workmen. Like the means of production, production itself changed from a series of individual operations into a series of social acts, and the products from individual into social products. The yarn, the cloth and the metal goods that now came out of the factory were the common product of many workers, through whose hands they had successively to pass before they were ready. No one person could say of them: “I made that, this is my product.”