How Did The Gilded Age Affect The Economy

The United States experienced unparalleled growth during the period of time following the Civil War, known as the Gilded Age, with city expansion supported by new and growing industries, railroad expansion, technological inventions, GNP increases, skyscrapers being built, and more. While many view the industrialists of the Gilded Age as Captains of Industry for the way they grew America economically and lifestyles-wise, they were really Robber Barons because of the fraudulent, corrupt actions they took to hurt both their consumers and their laborers. While the Gilded Age industrialists were truly Robber Barons, the way in which they contributed to and improved America's overall lifestyle exhibited that they were also characteristic of Captains

Gilded age 1878-1889 was the age of fast growth of industry and immigrants in America history. The production of steel and iron rose radically than other time. In contrast, the Western resources increased such as silver,lumber, and gold. As well as the transportation also improved. Railroad develop and move goods from resources rich west to east.

The impact industrialism had on the Gilded Age was that it allowed people to gain wealth, improve materials, and to increase production. Industrialists like Vanderbelt and Rockerfeller are one of the main reasons this time period is called, the Gilded Age, because of how they were able to create monopolies within the railroad and oil industries and thus, make themselves rich. These two people impacted the Gilded Age by further improving people's lives with their ideas. Vanderbelt cut travel time to seven days with his first transcontinental railroad and Rockerfeller made homes safer by creating standard oil that won't be as dangerous as kerosene. People like them also shaped how we do business today by carving the path to nationwide trade

When business owners didn’t appreciate what the government was doing, they retaliated by creating political machines. Political machines were groups of Big Business owners that would come together in attempt to overthrow the

There was an unpredicted rise in new industrial and agricultural technology that would increase productivity. In the factory, the invention of the Bessemer blast furnace and Siemens-Martin open hearth process would decrease the amount of hard labor and transform the way steel was made. While in America’s offices’s, business communication would be revolutionized with typewriters, following the use of calculators. As a result of the growing industries came an influx of new cities being developed. This expanding infrastructure started sewing back a growing number of laborers and new goods to increase supply of capital.

In the post-Civil War United States corporations grew significantly in number, size and influence. Big business had a major impact on the economy and politics in America resulting in changes for many American citizens. As been noted, one way in

Many of these businessmen had formed a political party called the “down-town” party. The goals of this party were to further their own business, specifically by putting down other interests of the nation. This party focused as well on subverting the prerogatives of the

Jessica HillisMr. GillardAP US History5 January 2007Essay 16: Gilded AgeThroughout history, certain periods of time have been given certain names based on thehappenings that occurred. Many have called the period of 1865 to 1901 the “Gilded Age”, be-cause it was “shiny and pretty” on the outside but it was “rough and ugly” underneath. The term“Gilded Age” was actually coined by Mark Twain who satired the Gilded Age with a GoldenAge.

Overall, the first part of their motivation was big business

They also signed deals with others in secret, or by going behind someone’s back. In other words, the business leaders couldn’t be trusted. For example, Cornelius Vanderbilt went behind John D. Rockefeller’s back when he joined forces with Thomas Scott, another leading railroad industrialist. Rockefeller had previously made deals with them both to sell his kerosene, however they teamed up making him pay higher prices. He went on to stop selling them kerosene altogether, and ran pipes through the ground to transport his kerosene throughout the country.

The Gilded Age was to describe America in the late nineteenth century. The outside of the US seemed glamorous and splendid alongside industrial development and massive economic growth. However, the dark sides were hidden beneath it. In my perspective, I believe we are living in the 2nd Gilded age.

Many jobs were created from all the inventions and new advances, and it created many new jobs

Following the Civil War the United States experienced a time of drastic change that molded the country into a true world power. While the South experienced reconstruction; industry in the North was converted to peacetime purposes. As a result industry became more prominent than ever before in an almost completely agriculture driven nation(The Gilded Age). Accordingly. the United States entered a new era known as the “Gilded Age” in which the American economy, cities, and population grew at an astonishing rate.

Imagine if one person controlled almost all of one type of product, that is exactly what Rockefeller did to the oil industry. A monopoly like this is nearly impossible to do today, which is why none of the titans today are anywhere close to how rich the four main titans Cornelius Vanderbilt, John Rockefeller, Andrew Carnegie, and JP Morgan were. These men changed the world as we know it progressing us more in the span of 30 years than we had done in the last hundred. These men had certain traits which made them who they were and in turn America the place it is today. The four main titans had three specific traits that made them who they are like being ambitious, taking risks, and being flexible these traits are important because they are essential in business and most everything else.

Economies of Scale- Economies of scale were larger companies or businesses that produced a less expensive product. This put more pressure