Which of the following years was one of economic growth and prosperity during the Gilded Age?
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If you're seeing this message, it means we're having trouble loading external resources on our website. If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. If you're seeing this message, it means we're having trouble loading external resources on our website. If you're behind a web filter, please make sure that the domains *.kastatic.org and *.kasandbox.org are unblocked. In the decades following the Civil War, the United States emerged as an industrial giant. Old industries expanded and many new ones, including petroleum refining, steel manufacturing, and electrical power, emerged. Railroads expanded significantly, bringing even remote parts of the country into a national market economy. Industrial
growth transformed American society. It produced a new class of wealthy industrialists and a prosperous middle class. It also produced a vastly expanded blue collar working class. The labor force that made industrialization possible was made up of millions of newly arrived immigrants and even larger numbers of migrants from rural areas. American society became more diverse than ever before. Not everyone shared in the economic prosperity of this period. Many workers were typically unemployed at least part of the year, and their wages were relatively low when they did work. This situation led many workers to support and join labor unions. Meanwhile, farmers also faced hard times as technology and increasing production led to more competition and falling prices for farm products. Hard times on farms led many young people to move to the city in search of better job opportunities. Americans who were born in the 1840s and 1850s would experience enormous changes in their lifetimes. Some of these changes resulted from a sweeping technological revolution. Their major source of light, for example, would change from candles, to kerosene lamps, and then to electric light bulbs. They would see their transportation evolve from walking and horse power to steam-powered locomotives, to electric trolley cars, to gasoline-powered automobiles. Born into a society in which the vast majority of people were involved in agriculture, they experienced an industrial revolution that radically changed the ways millions of people worked and where they lived. They would experience the migration of millions of people from rural America to the nation's rapidly growing cities. Part of
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What years were the Gilded Age?Gilded Age, period of gross materialism and blatant political corruption in U.S. history during the 1870s that gave rise to important novels of social and political criticism. The period takes its name from the earliest of these, The Gilded Age (1873), written by Mark Twain in collaboration with Charles Dudley Warner.
Which of the following years was one of economic growth and prosperity during the Gilded Age quizlet?The period in the U.S. c 1870-1890, characterized by a greatly expanding economy and the emergence of plutocratic influences on government and society.
What type of economy did we have during the Gilded Age?Introduction: An Overview of the Gilded Age
There was a shift from an agrarian economy to an industrial economy and many Americans began to move to urban areas.
Was the Gilded Age a time of prosperity?Rapid growth and economic progress marked the era popularly known as “The Gilded Age.” Wealth and widespread prosperity were evident everywhere as hordes of “drummers” travelled throughout the country, bringing the bounty of industry to the hinterlands.
How much did the economy grow in the Gilded Age?Key Economic Features of the Gilded Age
Real GDP per capita grew a robust 2.50 percent per year during the Gilded Age (Table 1). A somewhat different measure of aggregate economic activity, real national income per capita, put together some years ago by Milton Friedman and Anna J.
What is the period between 1870 and 1890 known as the Gilded Age?The era from 1870 to 1890 was called the Gilded Age because it suggested that outward appearances were misleading, and one needed to look under the surface to understand what was happening.
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