preview

How Did The United States Prosper In The Gilded Age?

Decent Essays

After the end of the reconstruction in 1873, the United States entered the era of the Industrial Revolution. The Industrial Revolution took place between the 1800’s and the 1900s were home-made produced technology was mass produced in factories at greater productions. Due to the new society in America, the United states economy prospered tremendously. This era was called the Gilded age. The Gilded age was coined by Mark Twain in a book he helped write with Charles Dudley with was called The Gilded Age. The Gilded Age was more than economic prosperity in the United States it was expressed by Mark Twain as a metaphor in which expressed that on the outside it was prosper but on the inside it was lead meaning that inside of all the business there was corruptness. in the …show more content…

Certain inventions allowed big businesses to become so wealthy such as the light bulb. The light bulb was invented by Thomas Edison in which allowed 24 hour working days in which businesses never stopped working and products were continuing to be products at high rates. With this new invention business expanded throughout the country in which certain particular groups were no in support. One of those groups was the Greenback Labor party. The Greenback Labor Party was an anti-monopoly organization. A monopoly was having the control that can manipulate prices. With big businesses having the government's protection by the Mckinley tariff it made it hard for workers and small businesses to make money. A monopoly is established by the trust. Trust is a method in which companies would give their stocks for the sense of managing of them. This made the leader of corporation wealthy and left competitors in the dust. Was used by Rockefeller with the inclusion of his concept of horizontal integration. Horizontal integration was the concept of companies to increase the production of goods when the supply chain is in

Get Access