Guilded Age

For over three decades, the Gilded Age defined the Statess rapid economic growth from an agrarian rescript to the industrial powerhouse it is today. The economy flourished as the nations wealth increased dramatically. During the start of this industrial revolution, the country grew in population and a loftyer percentage lived in the cities. As immigrants poured into the country, businesses began to capitalize on the enormous labor. By the end of the century, two-thirds of Americans depended on wages. Development of the railway, which speed up the transportation of goods, and advancements in engineering such as the telephone increased business efficiency. knavish business practices developed by industrious giants such as Andrew Carnegie, J.P Morgan and John D. Rockefeller formed giant monopolies by eliminating competition in the market. However the large scale corruption of the government and the rampant greed of big corporations were covered by the thin diligence of wealth and prosperity. Politicians were mediocre and corrupt. Throughout the Gilded Age, the politic automatic teller remained in a delicate balance. Fierce competiveness and narrow divisions amidst Republicans and Democrats made both parties hesitant to address the major issues.



As a result, Congress was not effective in result the problems of the working classes. Instead, politicians were preoccupied with the interests of businessman. Businessmen bribed politicians and employed fraudulent elections. too business leaders used their financial powers to get into high offices. What the nation lost in political leadership it substantiate in economically leadership. Americans were dedicated to free enterprise and the conceit of laissez-faire. Little governmental inference in economy allowed thin business, out of trust agreements, to fall prone to much bigger businesses. Employers and employees did not share the same benefits. Industrial workers suffered from horrible conditions ranging from great hours to low...If you want to get a full essay, order it on our website: Orderessay



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