The economic growth during the Gilded Age affected the United States in both negative and positive ways. As a positive, the growing population formed an expanding market from the east coast to the west coast. The economic growth directly affected the supply and demand for basic essentials for the needs of the country. As the population traveled west, supplies and goods that were needed also traveled west. The expansion of the railroads during the Gilded Age, in my opinion, alone was the most major change for our country. Affecting the country in a positive way, the railroad afforded the mass distribution of national brands supplies such as Ivory Soap and Quaker Oats. The most prominent of these national chains was The Atlantic and Pacific Tea
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 Gilded Age soared up from the 1870’s to around ! 900 and everything changed. Technology surged and began to move everything along at a rapid pace. There was corruptness in the government and big businesses started to take over. These companies only sought out for wealth, power, and land.
During the Gilded Age there was a lot of monopolies, because we haven't discovered anything yet. SO the U.S needed a lot, which impacted us a lot. Monopolies were probably had the biggest impact on the Gilded Age. Vanderbilt had a monopoly for a while, and when we .thought it was over Travis Scot made his own. Travis Scott overcame our monopoly with railroads from Vanderbilt, then just made his own.
Although big business during the Gilded Age improved the economy and the availability of goods for the American people, it did not improve politics due to the corruptness of politicians, requiring citizens to push reforms to restore democracy. Big businesses relieved economic stress of the American people during the Gilded
The Gilded Age served as a critical role in shaping the American economy throughout the 18th and 19th centuries. Cities became flooded with immigrants and workers which created a pool of cheap labor. Railroads expanded, connecting the nation’s major cities and generating a nationwide marketplace. During this time, much of the rapid growth that occurred was led by inventions that were created. There was also a few who used this change to their advantage and created business empires.
The Gilded Age, named by Mark Twain, lasted from the 1870’s to about 1900. It was a time of rapid economic growth and is also known as the “Progressive Era”. Many industries skyrocketed at this time such as the railroad, coal, steel, oil, meat, sugar, farm machinery, electricity, and petroleum industries. Products were now being mass produced, therefore, the price of living decreased. People developed an appreciation for art, theatre, and many other forms of expression and entertainment.
The expansion of industry contributed to the changes in many noneconomic arenas during the Gilded Age. To begin, as the industry grew during this era we also saw the rise of the middle class people. As a result, politics now changed to reflect the middle class interests. For example, politicians began protesting poverty and corruption. Also, the country saw a change in their global connections.
The way they ran the country shaped the society. Another thing that shaped the country and society was all of the major industries that were flourishing and taking over the country. During the Gilded Age politics were widely known as controlled by corruption. Many of the presidents were involved in scandals.
This played a crucial role in driving economic growth and modernization during the Gilded age, which made the United States a global economic power. However, it also created significant social and economic inequality, many business leaders amassed great wealth and power to the point they pretty much had control over the government, while working conditions for laborers remained poor and wages remained low without any care as to their workers condition. Therefore despite their positive impact on the American economy, business leaders' also had negative consequences for society, as they led to the concentration of wealth and power in the hands of a few individuals and perpetuated poor working conditions and low wages for the majority of Americans. Overall, while the actions of business leaders during the Gilded Age played a crucial role in driving economic growth and modernization, they also contributed to significant social and economic inequality in
In the Gilded Age, negative effects were passed on in the Industrial Revolution. Today in 2016, we recognize the struggles and conditions people had to face. Unfortunately, it still exists in the form of immigration, living conditions, and equal amount of pay. Immigrants came to America for freedom, opportunity, and a fresh start. Pay, labor and space availability affected many people because of the overcrowding.
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.
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.
The Gilded Age truly revolutionized American consumerism and commerce. This change, both positive and negative, was due to the extreme desire of businessmen and investors to achieve maximum profit. During the Chicago World Fair, at least temporarily, the economy boomed as investors sought to create new hotels, restaurants, and other public venues that would profit off of the large amount of visitors. Investors and businessmen constantly thought of new ways and strategies to attract consumers and more importantly, capital. A clear example of the new strategies employed by investors was the selling of water from Waukesha at the World Fair.
The impact it had on the gilded age was the number of jobs it provided to the fresh-in immigrants. Vanderbilt knew that he could hire immigrants and they would work for not that much money and with these new railroads america will be shrunk for easier expansion of the immigrants.
What was the Gilded Age and why did Mark Twain refer to it as such? To help understand this question, one must know the meaning of the word gild. Per Merriam Webster, the term gild means to “to give an attractive but often deceptive appearance to” (Gild, n.d.). After the Civil War the American people had become tired of all the corruption and simply wanted to see an end to it and to have a stable economy. The Gilded Age was fashioned to be prosperous times for all Americans, promising wealth, and an end to past political corruption.