The Plated Impact Of The Gilded Age

A. How did Jay Cooke and the Northern Pacific Railroad contribute to the Panic of 1873? Jay Cooke financed the Northern Pacific Railroad. This Railroad incited most people because it seemed to have a promise of wealth, so a lot of investment came in. But, when Cooke went bankrupt, the Panic of 1873 began. Many people lost their jobs, and bread lines were seen everywhere.

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 (1877-1895) was an age of wealth and deregulation. This age was a time in mass growth in population and jobs for U.S citizens and immigrants. The Gilded Age was run by the wealthiest people of the time called Robber Barons. One of the Robber Barons was John D. Rockefeller he was the head of the Standard Oil Company and one of the world's richest men. He used his fortune to fund ongoing philanthropic causes.

1) The Panic of 1873 was caused due to inflation from the Civil War, over investing, government subsidies and property loss. Many companies produced too much product and then couldn’t sell them. In 1893, the priced of wheat rapidly declined and once again, there overproduction and Europe pulled out much of its investments. Also, many countries had started using the gold standard and the united states was split by the farmers supporting silver and wealthy supporting gold. Both panics showed the dangers of gaps between social classes.

The Gilded Age was a time of chaos and new booming businesses. Many people were gaining wealth as well as losing it. The Gilded Age from above, showed a layer of gold, while underneath, showed chaos and dissatisfactory. Good work does not always come easy. For example, The Great Wall of China took about 20 years, and in those 20 years, more than 1 million people died.

The Gilded Age was a time where the rich continued getting richer, and the poor poorer. Along with these economic effects came the second industrial revolution. The population in cities grew, and all throughout the country, factories which had production and manufacturing capabilities that could not even be imagined decades ago sprung up. The population of America was greatly effected by this industrialization, especially farmers and the industrial workers themselves. The farmers experienced a populism movement, while industrial workers created unions to protect their rights, and reform civil service.

People went to get their money back causing banks to fail, causing the economic Panic of 1873. This economic issue lasted a little over 30 years (Wikipedia, Panic of

Businesses could not afford to slow downproduction during the Panic, so they continued to keep their prices high, but the people didn’thave access to the scarce money. Not only were businesses charging high prices, but also thePhiladelphia and Reading Railroad went bankrupt, causing less modes of transportation for work-ers and farmers. In total, over 15,000 companies went bankrupt during the Panic and the unem-ployment was the highest in history. Labor Unions were also created during the Gilded Age, which added to the idea of theGilded Age being truly “gilded”. The American Federation of Labor was one of the first laborunions created in the United States.

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 was a period in the late 1800s (1865-1900) that showed tremendous increase of wealth caused by the industrial age. The lifestyle of the rich during this period hid the many problems of the time that eventually brought about the progressive era movement. This was a movement for reform between 1900-1920s. Progressives typically held that the irresponsible actions of the rich were corrupting both public and private life. Forces such as immigration, the Populist Party and industrialization that led to the progressive era also impacted the American government both in its activeness and its democracy.

The Gilded Age alludes to a period in American History where there was gigantic financial development, innovative advances, and improvements in popular culture. Indeed, even such a significant number of Americans felt that these advancements were misrepresented and that underneath this change and riches laid the brutal substances of urban areas, political defilement, and the abuse of workers. Be that as it may, there were endeavors to better those that blocked the glittery part of America. There was a gigantic development inside the urban populace. This was because of the ascent of movement and in addition Americans expecting a superior life in urban regions due to every one of the employments accessible.

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.

The decade between 1890 and 1900 expressed a crucial time in the United States of America’s history. Many people experienced struggles throughout this time while others prospered. Mark Twain suggested that despite the significant achievements of the United States, Americans experienced poverty. This statement is an accurate description of the lively hood people experienced in their daily lives during the Gilded Age whether it was positive or negative. Many people during this time period focused on the positive outcomes that resulted from the Gilded Age such as new inventions, the gospel of wealth, additions of land to the country, urbanization, and middle-class improvements.

However, what was supposed to be a prosperous time for all would become only a period of deception to many. The Gilded Age was the post-civil war period from 1878-1889. During this period of history, there

Panic of 1893 1893-1897 The Panic of 1893 was the worst depression in the nation’s history. The economy was centralized enough that most people were influenced by national markets and almost everyone was vulnerable to the effects of a national economic depression. In April 1893, the U.S. Treasury’s gold reserve dropped below $100 million and set off a financial panic as investors sold off their assets and converted them into gold. Along with the failure of the Philadelphia and Reading Railroad, the market was increasingly unsettled.