A Tale of Todaywhich satirized an era of serious social problems masked by a thin gold gilding.
Does it really symbolize the completion of the transcontinental railroad? From the ashes of the American Civil War sprung an economic powerhouse. Now that the fighting was done, these factories were converted to peacetime purposes.
Although industry had existed prior to the war, agriculture had represented the most significant portion of the American economy. After the war, beginning with the railroads, small businesses grew larger and larger.
Inmost Americans worked for themselves. Bymost Americans worked for an employer. The growth was astounding. From the end of Reconstruction in to the disastrous Panic ofthe American economy nearly doubled in size.
New technologies and new ways of organizing business led a few individuals to the top. The competition was ruthless.
Those who could not provide the best product at the cheapest price were simply driven into bankruptcy or were bought up by hungry, successful industrialists.
Pierpont Morgan, the powerful banker who controlled a great many industries. Their tactics were not always fair, but there were few laws regulating business conduct at that time.
The "Molly Maguires" were a band of 19th century Irish immigrant laborers who struggled to survive in American industry. They organized labor unions and were not averse to violence, as this "coffin notice," delivered to three bosses, suggests. Industrial Strength Nevertheless, the American economy grew and grew.
Bythe small nation once seen as a playground for European empires had now surpassed them all. The United States had become the largest industrial nation in the world.
However, the prosperity of America did not reach everyone. Amid the fabulous wealth of the new economic elite was tremendous poverty.
How did some manage to be so successful while others struggled to put food on the table? Americans wrestled with this great question as new attitudes toward wealth began to emerge. What role did the government play in this trend?
Basically, it was pro-business.
Congress, the Presidents, and the Courts looked favorably on this new growth. But leadership was generally lacking on the political level. Corruption spread like a plague through the city, state, and national governments. Greedy legislators and "forgettable" Presidents dominated the political scene.
True leadership, for better or for worse, resided among the magnates who dominated the Gilded Age.The growth was astounding. From the end of Reconstruction in to the disastrous Panic of , the American economy nearly doubled in size. New technologies and new ways of organizing business led a few individuals to the top.
The competition was ruthless. The Gilded Age in America is characterized by the rapid changes brought about by industrialization, immigration, the settlement of the far west and the disappearance of the frontier, and the challenges that all of those developments created for American society.
Learn for free about math, art, computer programming, economics, physics, chemistry, biology, medicine, finance, history, and more. Khan Academy is a nonprofit with the mission of providing a free, world-class education for anyone, anywhere. Gilded Age America Throughout the history of the United States, the Gilded Age is regarded as a period that spanned the last three decades of the 19th century.
This period starts from the Civil War came to an end in the up to ANYONE WHO RECALLS the Gilded Age from an American history course taken twenty or more years ago would be surprised at how the treatment of that era has changed.
Most historians used to hold a rather low opinion of the period. Digital History ID Mark Twain called the late 19th century the "Gilded Age." By this, he meant that the period was glittering on the surface but corrupt underneath.