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How Did The Gilded Age Affect The Economy

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This time period of the Gilded Age was between the Civil War and World War I. The Gilded Age was an age of vast transformations for the United States. With the U.S. population and economy growing quickly, there were a lot of political corruption, corporate financial misdealings, and many wealthy people who lived very fancy lives. The Gilded Age also brought over a vast number of immigrants to our shores. This era showed the true meaning of the “American dream” and also the suffering it brought with it. Between 1865-1900 the Gilded Age was a time period when rapid growth occurred, especially in the North and West; however, the industrial workers focused on bettering the system while farmers were trying to be as successful as the industry. Therefore, their improvement to better themselves had similar industrialization.
After the end of the Civil War, the farmers who were in the South and plains states had suffered economic and social conditions. The main source of problems were from a decrease in the prices caused from overproduction and growing competition for world markets. Farmers believed the system was becoming …show more content…

On average, the work for a week was around 59 hours. Many steelworkers put on more than 12 hour day work for a whole week. Even when the money levels were in an increase, the working conditions for people were still dangerous. Living like each day could be their last. American industry had the highest accident rate in the world. Business executives believed labor supply was a product to be at the lowest price possible. Some workers began protesting which created labor unions and strikings. This strike led to hundreds deaths and millions of dollars in property were destroyed. The strike was a failed

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