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Gilded Age DBQ

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The Gilded Age, was the time period, following that of Reconstruction, marking the rise of big business, capitalist expansion, and further industrialization. As a result of the policy laissez-faire implemented by the government toward business and the economy itself , growth of corporation was more prominent than ever before. Given truth to its name the Gilded Age, seemed to be a time of societal and economic enrichment, but the truth was that under the surface political, social and economic issues boiled. Consisting of political corruption, shady business and tight political races the Gilded Age was a time of quiet havoc. The growth of corporation in all ways led big business to impact the economy, politics and receive various responses from …show more content…

Although big business and capitalist expansion seemed to enrich society, problems, especially economic, boiled under the surface. The United States growth as a manufacturing nation, lowered prices of many goods (Doc. A), because of overproduction. With more product in the market demand decreased, lowering the wage of the worker. The Great Depression is a long time result of overproduction. With a policy of laissez-faire, monopolies, a prime contributor to urban poverty, were able to form. The government's hands-off approach to big business allowed captains of industry to do what they pleased. The worker suffered greatly under the freedom of the robber baron who reduced wages drastically (Doc. B). Freedom by laissez-faire to the robber baron increased the wealth of the wealthy business tycoon and kept the workers in poverty further increasing the gap between the rich and the poor. To create a monopoly a robber baron would try to own every aspect of a specific industry or buy their competitors. These ruthless tactics were often used by some of the most notable robber barons, such as Rockefeller and his use of horizontal integration to obtain a monopoly in the oil industry (Doc. H). Although big business was the cause of many issues in the economy of the Gilded Age, modernization brought about by manufacturing diversified the market bringing vast amounts of new products never before seen (Doc.

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