Preview

Changes In The Economy During The Gilded Age

Good Essays
Open Document
Open Document
628 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Changes In The Economy During The Gilded Age
The new industrializing economy during the Gilded Age led to cheaper goods. This allowed the living standards for the middle class and the rich to improve. However, those who remained poor saw very little change in their living standard as the gap between the rich and the poor continued to grow. This essay will analyze the changes in the social structure of the Gilded Age, and how the federal government was not as effective in solving any social problems because they favored Big Business. The Gilded Age brought an era of industrial development that changed the workforce completely. Employers for the first time started recruiting women and child, to work at a much lower wage. The number of working women nearly tripled. Children were often encouraged to work by their parents, to help make ends meet. Children had to work just as many hours as adults, usually twelve hours shifts. Children usually had the hardest jobs, because their small hands made it useful to get into tight spaces. Which is unfortunately, why they suffered the most injuries. The working conditions, were so extreme in some cases, they chained them to a single spot until, their shift was complete. So many children were robbed the chance to receive an education …show more content…
The crop-lien system kept millions of farmers, mostly African Americans in long term debt, and limited their way of life, from where they can live, or how they can make a living. So, in a sense much did not change in the South. Sothern’s developed a way to kept their slaves through the crop-lien system. The African American’s lucky enough to not be indebted to farmers, were victimized by Jim Crow Laws, which separated the blacks and whites in public facilities. Which made voting nearly impossible, for African

You May Also Find These Documents Helpful

  • Satisfactory Essays

    1. The time period, 1877-1897, is known as the “Gilded Age”. Why is it called this? What social, economic, and political issues were prevalent during this time period. What did the Government, farmers, and minority groups (women, African-Americans) do to alleviate the challenges posed before them?…

    • 309 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    As the American Civil War came to an end, an era of phenomenal economic growth was spurred by a second Industrial Revolution. It touched all geographic areas of America, evident in increased farm output and labor efficiency. The magnificent flow of goods generated could be efficiently transported by freshly lain transcontinental railroads made of Bessemer steel. Presiding over these late nineteenth century developments was a new class of extremely wealthy industrialists, the main beneficiaries of the era’s prosperity. They dominated substantial sectors of the new economy such as steel, oil, banking, and rail transportation. While these individuals created and donated outstanding wealth, they also engineered one of American history’s most corrupt and unequally heterogeneous time periods, dubbed the Gilded Age by Mark Twain. Such ambiguity blurs the legacy of these incredible few, who some call “robber barons” and other call “captains of industry”. However, neither polarity is completely accurate. The wealthiest Americans during the Gilded Age had both positive and negative effects on American society.…

    • 2538 Words
    • 73 Pages
    Powerful Essays
  • Satisfactory Essays

    The Gilded Age Industrial revolution had a major impact on society of that time and set up a standpoint for future inventions. The Gilded Age was a time of peace and prosperity, the U.S was not involved in wars during this time It was the time of prosperity and freedom, with the rebuilding of the new South there needed to be new reform that had not been done during reconstruction. The overall industry in the South was very low and the Gilded Age Industrial Revolution changed the South The overall impact of this revolution was huge and made immigrants, especially low life ones, very successful and able to achieve the American Dream. Immigration was majorly impacted and many political things involving companies such as laws in order…

    • 198 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The Gilded Age was an era of monumental growth and transformation for the United States. Social and Economical gaps were widened between the powerless and powerful. It brought changes to many lives of citizens which caused shifts in social and economic life. Cities populations grew and many Americans were driven to larges cities versus rural areas. Urbanization helped America thrive and flourish but not without consequences along the way.…

    • 238 Words
    • 1 Page
    Good Essays
  • Good Essays

    Though people around the world seem happy and thrilled with how they live their lives, there is more to it. Most places are covered with bright and happy ideas but observing deeper in, there usually not as great as people describe and explain them to be. Mark Twain referred to this era as “the Gilded Age”, the time where both negative and positive actions took place.…

    • 473 Words
    • 2 Pages
    Good Essays
  • Better Essays

    The Extreme wealth aroused because of the vast majority of cotton production, it served as the king to the nation. The old south served as the most powerful society in this era while the North abolished slavery. These two regions had different points of views however they shaped the lives of all Americans. This period brought with it the first economic depression as well as issues with race and gender. As this period had lots of contributions to our nation I will limit myself to the more direct points. In this essay I will examine the antebellum period in the 1820’s through the 1860’s in a social, economic and political…

    • 2448 Words
    • 10 Pages
    Better Essays
  • Good Essays

    In the Gilded Age of the United States, industrialism was running ramped in the laissez- faire economy. Land grant and loans to the railroads helped bind the country together with steel ribs, but the farmers and workers of America faced difficult changes. But railroads took advantage of these assistances and formed pools where they would share customers and profits, which were often excessive because of the high rates of service to farmers. Workers, men women and children, faced harsh working conditions, long hours and little pay in factories. With the dangerous conditions, children often suffered severe injuries and women were paid less than their male counter parts. Both took steps to change their situation. The farmers and workers of America formed labor unions or alliances to negotiate better working conditions and compete against industrialism.…

    • 646 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The impact that industrialization had on the Guilded Age was huge. Companies could manufacture products a lot more efficiently than before. Talented Craftsmen were being fired and replaced by unskilled immigrants that were willing to be paid less, and not as many people were needed for a factory to run properly. These are just a few examples of the major impact that industrialization ha on the Guilded age. Industrialization was basically large scale companies obtaining machines to be able to mass produce produce products for a very low price. Employees that were working in these factories either had there salary reduced, or they were fired and replaces by immigrants that were willing to work for cheap. Because of industrialization basically…

    • 326 Words
    • 2 Pages
    Good Essays
  • Better Essays

    The Gilded Age received its name from Mark Twain, a famous author who wrote the novel The Gilded Age: A Tale of Today. Twain was referring to the gilding process, when one covers an object with a superficial layer of gold and to make fun of the way America was while playing on the phrase “golden age”. Gilded is an accurate term to describe the period of time between 1865 and 1900, because immigrants were attracted to the idea of the American Dream that so many were achieving during the second industrial revolution. Unfortunately, these rich people received profits off of the backs of the industrial workers and poor farmers. This caused the majority of industrial workers to organize into unions and strike while the homesteaders organized to…

    • 965 Words
    • 4 Pages
    Better Essays
  • Good Essays

    In 1873, the late nineteenth century was named The Gilded Age, thanks to Mark Twain and Charles Dudley Warner. This reflected the time’s combination of dazzle and wealth along with poverty and inner corruption. Most historians define this period by it’s negatives, due to a lack of powerful presidents and cheap history. These people, Twain and Warner included, weren’t wrong about The Gilded Age’s corruption. However. there were also some of the most influential years in American history during this period. Westward expansion, urbanization through railroads, and immigration all contributed to the Industrialization of the US economy as we reached this Gilded Age.…

    • 656 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The Gilded Age was known as America’s golden age, where manufacturing, industry and urbanization were at it’s prime, where Business Tycoons held the market in their hands with large monopolies. There is much debate over whether or not these industrial leaders are Robert Barons, as in they used people for their own gain, or Philanthropists, as they helped others and the greater good. Some might argue that these people cheated their way to the top to amass great wealth, with no regard to the people around them. However, Business Tycoons in the Gilded Age were Philanthropists because of how they spread their wealth through charitable giving, funding or sponsoring colleges and aiding economy.…

    • 691 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Gilded Age Years after the Civil War, the economy of American undertook a drastic transformation. This renovation went from wealth being measured palpable possessions- buildings, livestock, paper currency, property, and securities, to expanding dramatically into modern industries. One of the largest to do this was the U.S. Steel discovery which triggered new industries such as oil refining and electric light and power. A key role in this transformation of the American economy was the development of the railroad which was decades after the Civil War.…

    • 631 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The Gilded age refers to the time after the Civil War Restoration period. The Gilded Age derived its name from the many great fortunes that were created during this period. The United States experienced a population and economic boom that led to the creation of an incredibly wealthy upper class during this time. It also created the middle class and more immigration contributed to this population boom. The era lasted from 1877 - 1893, then the market crash of 1893 caused a severe depression throughout the entire country. The country struggled to understand the new economic positions, which formed many different…

    • 102 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Impact Of The Gilded Age

    • 1570 Words
    • 7 Pages

    Extreme pressure on reservation lands created bloody conflicts included the Sand Creek Massacre, the Sioux Wars, the Black Hills War, the Battle of Little Bighorn, and the Wounded Knee Massacre. In these battles both parties fought through a gruesome war were natives attempted to get back their lands in efforts to killing pioneers and all white individuals alike. Most battles of the east fought to take back or ward off any settles from coming into their hunting grounds or sacred land, resisting the overwhelming power of the settlers, like the well know battle named the sixes wars or the Black Hills War. On the other hand, southwestern natives wanted revenge killing and kidnapping women and children, raiding settlements or killing leaders…

    • 1570 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Changes In The Gilded Age

    • 411 Words
    • 2 Pages

    The Gilded age was an era that brought with it massive economic changes during the 1870s to the 1890. One of the largest changes was the developments of a more industrial economy. There was a huge shift from agricultural jobs towards manufacturing jobs and similar jobs in cities. About 11 million Americans had moved from farms to cities in 1870 to 1920. These changes proved beneficial to most of the American population however brought with it a series of drawbacks. This new industrial economy allowed the production of goods to decrease while profit margins soared. This created a large divide between the rich and the poor. The richest 1% of Americans in 1890 of the day had the same income than the lower 50% of the nation combined. The same group of rich Americans also owned more land that the remained 99% of the population. Most of the rich people didn’t not care much for the safety or consequences of pursuing such high profit margins at the cost of their employees. Furthermore working conditions were far from ideal. One such example of this was the…

    • 411 Words
    • 2 Pages
    Good Essays