The Gilded Age By Mark Twain

Better Essays

Diana Martinez

Dr. John Farrell

History 12 (Tues. and Thurs. 9:30am-10:45am)

19 November 2015

The Second Gilded Age

The Gilded Age is a term that is commonly used to describe the time period in American history in which the government “...was very favorable to the wealthiest Americans.” (Globalyceum Student Course Page 842) This period was named by the famous American author Mark Twain. Twain named this era the “Gilded Age,” because on the surface America seemed to be wealthy, but in reality it was falling into corruption and greed and was not at all wealthy. The “Second” Gilded age occurs right after the Great Depression, to the present (1930’s – 2000’s.) Regardless of the title, the original Gilded Age provided more of a positive impact for the future of America. The second Gilded Age only brought the fall of an impactful time. During the era of the second Gilded Age, income inequality and wage decline were a huge problem which lead to the lack of social mobility, as well as increasing the gap between rich and poor at a fast rate. Throughout the years, the gap between the poor and the rich has only increased. The wage percentage has decreased, while the productivity percentage has increased. During recent years, the wealthiest of the American population, also known as the top 20%, control over 80% of the American wealth, while the “poorest of the poor” barely control 5% of the wealth. An example of this income gap would be CEO of companies and their

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