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Gilded age during the 19th century
Gilded age during the 19th century
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The Gilded Age was a time period of rampant development in the American Economy with a policy that minimized the intervention of the government in economic matters. In the late 1800’s starting with railroads, small businesses evolved to the point where the nation’s economy was monopolized by wealthy industrialists and financiers.1 With all this control in the hands of few wealthy individuals critics began to point out several inequalities among Americans. Gilded Age critics such as Henry Demarest Lloyd, Andrew Carnegie, Henry George, and William Graham Sumner, argued that the concentrated power to the wealthy industrialists and financier’s deprived workers of equal compensation and gave the wealthy too much authority.2 Henry Demarest
After the Civil War, business and corporations have expanded significantly throughout the United States. During this time period, known as the Gilded Age, many aspects of the United States were influenced by these large corporations. The Gilded Age was given that name after Mark Twain referenced it in one of his works. In the post Civil War period, big businesses governed by corrupt acts and held power of both the political system and the economy.
Sumner believes that inequality is imperative in order to establish the different between the fittest and the unfittest. He believes that “we work and deny ourselves to get capital, just because, other things being equal, the man who has it is superior, for attaining all the ends of life, to the man who has it not” (Sumner, 38). Basically, this statement means that as long as people competitively work to earn money, there will always be the superiors and those who are not. Sumner considers inequality as benefit to the world and economy. He believes that “It is impossible that the man with capital and the man without capital should be equal” (Sumner, 38).
The Gilded Age marked a period of industrial growth in America. Mark Twain termed the period of 1865 to 1896 as the “Gilded Age” to {indicate} the widespread corruption lying underneath the glittering surface of the era. Known as either “captains of industry” or “robber barons,” several prominent figures shaped this time period; these capitalists gained great wealth and success with their industries. Corrupt and greedy are two words associated with the term “robber barons,” which referred to the capitalists who acquired their great wealth in less than admirable and ethical ways. On the other hand, many referred to the capitalists as the “captains of industry” that were celebrated as admirable philanthropists; their way of acquiring extreme
The Gilded Age was a time in American history that came to be known as a major turning point for the country, as it marked the decline of an economy based on agriculture, and brought forth the rise of an economy based on business and industry. Following the Civil War and Reconstruction, it was a great time for change, especially for the economy. The economy improved, and at the same time, it granted more opportunities for inventors and businessmen to come out and share their talent with the the world. As America began to industrialize and make new advancements in technology, it also began to encourage the growth of the middle class and promoted the importance of social mobility and competition between businesses. The Gilded Age was a time when
The post-Civil War years between 1865 and 1900 were a time of immense social change and economic growth in the United States. This time period, commonly referred to as “The Gilded Age,” saw an end to Reconstruction, rapid industrialization, and new wealth. Despite these achievements, however, the era between Reconstruction and the beginning of the twentieth century was plagued by political stalemate, a decline of human values, increased materialism, and widespread corruption.
The period from 1877 to 1901 in American history was known as the Gilded Age, it was titled so because during this time things on the surface seemed peaceful and good but underneath lay corruption in the society. This era was marked by the end of Reconstruction of the South, as well as the presidencies of Hayes, Garfield, Arthur, Cleveland, Harrison, and McKinley. Significant events of this time were the 1878 Bland Allison Act in which the federal government bought silver and turned it into cheap money. The 1881 Chinese Exclusion Act which banned all Chinese immigrants coming into America because they were hurting employment opportunities for American laborers. The 1883 Pendleton Act that ended Jackson’s spoils system in the government and made the Merit System based on intelligence and ability. The 1887 Interstate Commerce Act which regulated the railroads. The Sherman Antitrust Act which outlawed any combination in restraint of trade. And last, the Gold Standard Act of 1900 that made the American monetary unit based on gold.
The late 19th century and early 20th century, dubbed the Gilded Age by writer Mark Twain, was a time of great growth and change in every aspect of the United States, and even more so for big business. It was this age that gave birth to many of the important modern business practices we take for granted today, and those in charge of business at the time were considered revolutionaries, whether it was for the good of the people or the good of themselves. The exact period of time in which the Gilded Age occurred is ever-debatable, but most historians can at least agree that it started within the 20 years after the Civil War ended and lasted until the early 1920s. The Gilded Age itself was characterized by the beginnings of corporations and corrupt political machines. Policies such as the General Incorporation Laws allow businesses to grow larger more easily, and with less red tape involved.
Poor working conditions in mines in The Gilded Age was as normal to the people then as a 40 hour workweek is to us now. Looking back at all of the horrific and terrible accidents and such that happened then seems unimaginable to us, but to them, it was just another day at work. Children worked in the mines to support their families, often in company towns where inhaling soot all day and contracting black lung was really your only option for a job.
5. Perry, Elisabeth Israels, and Karen Manners Smith. The Gilded Age and Progressive Era: a student companion. Oxford: Oxford University Press, 2006. Print.
The Gilded Age was the last three decades of the nineteenth century, when America’s industrial economy exploded generating opportunities for individuals but also left many workers struggling for survival. With the many immigrants, skilled and unskilled, coming to America the labor system is becoming flooded with new employees. During this period, the immigrants, including the Italians, were unskilled and the skilled workers were usually American-born. There was also a divide in the workers and the robber barons. Robber barons were American capitalist who acquired great fortunes in the last nineteenth century, usually ruthlessly. There was much turmoil throughout the business and labor community. Two major organizations, the Knights of Labor and the American Federation of Labor, helped represent the workers in this time of chaos. The Knights of Labor, founded in 1869, were representing both skilled and unskilled workers. They were quite popular with a large boost in membership becoming the biggest union in 1885. They sought for equal pay and equal work. All were welcomed to the Knights of Labor; there was no discrimination on race, gender, or sex. They called for an eight-hour day in order to reduce fatigue and for safety issues. The Knights of Labor Declaration of Principles states their purpose is to “make industrial and moral worth, not wealth” (Reading 9, p. 1). This means the moral worth is to what they could contribute to society rather than monetary gains. They were working towards this improvement of the common mans life to advance in civilization and create new ideas for society. They also called upon the employer to treat the employee with respect and fairness so they can contribute to not only their company but to Amer...
Expansive growth was the moniker that expressly defined the Gilded Age. Industry in all sectors, witnessed massive growth leading to the creation of an American economy. Due to the rapidly changing nature of industrialization, important men of both the public and private sectors attempted to institute their own controls over it. However, this transforming landscape integrated both economic and political changes, but also cultural and social interactions. In turn, those who controlled the flow of business would also steadily impact the American social scene by extension.
From the period between the 1870’s through the 1890’s, it became an era known as the Gilded Age. The term was characterized by a famous American Literature author named Mark Twain. The writer tried to point out that the term means that while on the outside society may seem perfect and in order, underneath there is poverty, crime, corruption, and many other issues between American society’s rich and poor. This era’s gild is thicker than the cheaper material it’s covering. This can be shown through the countless numbers of achievements and advances America has made during the period of reconstruction and expansion, industrialization, and foreign affairs.
“Life, Liberty and the Pursuit of Happiness”, three common goals immigrants came to America seeking with hopes of the promise to prosper and gain success. However, during the Gilded Age it seemed as though these were attainable only for the select few, while others left the land they knew to spend their lives toiling away in pursuit of the American dream, many never understanding how unattainable it really was. While the Gilded Age was a time of an industrial boom and a growing economy, those working by the sweat of their brow to make the success of this time possible, were not actually ever grasping this wealth, but rather putting right back into the pockets of the wealthy. The Gilded Age compromised the American Dream by limiting the chances of the immigrant working class, and thus creating a cycle of missed opportunities keeping the immigrants from progressing much further then when they came to America to begin with.
In the words of Thomas Jefferson, “A wise and frugal Government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circlue of our felicities.” (Jefferson, 1801) This idea echoed far beyond it’s time and into the minds and hearts of the Populist’s, and became the center and the driving force of the Progressive era. During the gilded age railroads were being built, Industrialization was rising, the population of United States was increasing dramatically; and corporate businesses were becoming extremely powerful. The gilded age was known for its corruption and business domination, it wasn’t until the Populist movement when people started to fight back and also not until the Progressive movement when people started changing the government system.
It is often said that history repeats itself. Whether this is true or not is a subject for a doctoral dissertation, but it can be shown that there are many similarities between the original Gilded Age and the recent past. The Gilded Age, which was the time from the end of the Civil War to the end of the 19th century, was a remarkable time of unprecedented economic growth and industrialization, coupled with numerous social problems. The façade of economic prosperity covering the corrupt, unequal society underneath led to that period being termed the “Gilded Age”, referring to a thin layer of gold gilt covering a cheaper material. This pattern of economic upheaval coupled with social ills and new political debates is also present in recent history,