Economic Inequality In The United States: The Gilded Age

The Gilded Age is a time period in American history between 1870-1900. During this time period there was a boom in the United States economy and population. Unfortunately, during this time period there was a lot of financial corruption and inequality which caused the rich to become very wealthy. Interestingly enough there were a variety of distinguished authors, from William Graham Sumner, Henry Demarest Lloyd, Andrew Carnegie, and Henry George knew economic inequality was a major problem and something needed to be done.

Whether or not the politics of the Gilded Age failed in dealing with social and economic issues has long been debated by historians. Peeling away streaks of gold plastered on the deficiencies of the time, the cause of such problems can be unveiled. In finding a blame for the corruption within the growing economy and its demands on a wavering society, all fingers point to the politics of the Gilded Age.

During the ‘Gilded Age’, businesses and industries bloomed in order to create profit and enable people to gain

The Gilded Age was a term used in the 1920s and 1930s derived from Mark Twain’s novel of the same name, which mocked an era of serious social problems. Mark Twain and Charles Darwin saw the corruption in the politics, the ineffectiveness of the politicians, the frenzy in the marketplace and the widespread greed among the people. The society showed a huge difference in regard to who had something and who didn’t. Most of the poor and lower middle-class

At the turn of the 19th century also known as the Gilded Age, many immigrants came to the United States looking for opportunities to live a new life that they were not able to live back home. Many of them may have had hopes of finding a miraculous career that would bring them fame and fortune just like Carnegie, Rockefeller, and Morgan did. But in reality it was not as glamorous and prosperous as it may have seemed to be. Instead it was filled with greed and corruption. Although the United States experienced an economic boom, it created an extremely wealthy upper class. Thus only widening the wealth gap between the rich and poor during this era.

The Gilded Age is a brief time in American history in which the United States experienced a population and rapid economic expansion. Mark Twain named it the “Gilded Age” as this was after the Civil War, lasting from 1870 - 1900. Although, this name was ironic as “gilded” is a term used to describe something that was covered in gold, by this he meant that the Gilded Age was whitewashed but was full of corruption. It shows how the social factors (as seen in documents A,B,C and D), economic factors (as seen in documents G), and political factors (as seen in documents E, H and I)

The Gilded age was the period in U.S. history where politics had caused a halt in social advancement. The Robber Barons had become so rich and powerful that the country had plunged into an era of corruption. As illustrated in Joseph Keppler’s , “The Bosses of the Senate,” the monopolies of the rich had garnered immense influence in the government, effectively removing the people

President Theodore Roosevelt believed highly in a direct democracy, he favored the idea of people deciding what they want with government. Later on, the 17th amendment is ratified allowing the direct election of the senate.

In today’s capitalist economy, where economic transactions and business in general is centered on self-interest, there is a natural tendency for some people to make more than others. That is the basis for the “American Dream,” where people, if they worked hard, could make money proportional to their effort. However, what happens when this natural occurrence grows disproportional in its allocation of wealth within a society? The resulting issue becomes income inequality. Where a small portion of the population, own the majority of the wealth and the majority of the population own only a fraction of what the rich own. This prominent issue has always been the subject of social tension

The Gilded Age was a very special time for our nation that took place from the 1870s to around 1900. During this time, economic growth was at a rapid increase, politics were corrupted yet had high turnouts, and urbanization flourished. Every aspect of the life of an American changed drastically throughout this time of the Gilded Age. The entire era was focused on the enormous changes that each aspect of America was going through. As this is brought to attention, if we are to look into the way that America is in our time of today, we can find that there are many similarities to that of the original Gilded Age. The United States of America have currently found themselves to be experiencing the second era of the Gilded Age throughout the areas of economic, politic and social transformation.

Black voting fell off sharply in most areas because of threats by white employers and violence from the Ku Klux Klan.The reading and writing ability test did not just keep out the 60 percent of voting-age black men (most of them ex-slaves) who could not read. It left out almost all black men because the clerk would select complicated technical passages for them to understand. Very differently, the clerk would pass whites by picking simple series of words that make sense and that have a subject and a verb in the state constitution for them to explain.Mississippi also puts into law a "grandfather clause" that allowed registering anyone whose grandfather was qualified to vote before the Civil War. Obviously, this benefited only white person (who

There is no doubt that wealth inequality in America has been escalating quickly; the portion of total income earned by the top one percent has doubled since the beginning of the 1970’s. The wealthy are the main beneficiaries

The highest earning fifth of U.S. families earned 59.1% of all income, while the richest earned 88.9% of all wealth. A big gap between the rich and poor is often associated with low social mobility, which contradicts the American ideal of equal opportunity. Levels of income inequality are higher than they have been in almost a century, the top one percent has a share of the national income of over 20 percent (Wilhelm). There are a variety of factors that influence income inequality, a few of which will be discussed in this paper. Rising income inequality is caused by differences in life expectancy, rapidly increases in the incomes of the top 5 percent, social trends, and shifts in the global economy.

Capitalism has been the central force behind the growth of the United States’ progressive economy. Within such advanced economic system the chances of economic disparity are significantly high. In fact, over the past three decades there has being a steady increase in unequal wealth distribution among the economic classes. To sustain the current unequal wealth distribution among the classes of the American population, there are numerous factors that influence and shape this trend. For some members of the population it is alarmingly disturbing to know that recent statistics have shown that, “In the US [alone] the wealthiest 1% of its population owns more than the bottom 95 %” (Gutman). As for the difference in economic wealth, it resulted

We can still see evidence of inequality in the workforce today. Although government intervention induced cleaner facilities and mandated a minimally sustainable base-line pay through the introduction of the Fair Labor Standards Act in 1938, lack of opportunities and income disparities continued to trouble the United States. In the early 1900s, wealth gaps used to exist on quite drastic terms where people were either dirt poor or thriving in luxurious mansions. The gaps started steadily separating in the middle of the 20th century and an in-between economic class began to develop creating a staircase of income brackets. Today, America’s top 10% average more that 9 times as much income as the bottom 90%. Those in the top 1% tower