Overview of the Gilded Age Flashcards
Who coined the term “Gilded Age”?
Mark Twain
What does “Gilded” mean?
Something that has been covered in gold to prevent the visibility of rust
How can the term “Gilded” be seen with this period in America?
There was growing economic prosperity but there were also lots of ruthless businesses and corruption
What is the period of time considered the Gilded Age?
1877-1890
What did many businesses create (beginning with t) to start monopolies?
Trusts
What are trusts?
A group of businesses in a certain industry attempting to get the government to do a certain action in their favour
How much expansion had there been by the end of the Gilded Age in terms of with the Frontier?
The Frontier was closed by the end of the Gilded age so all of America had been explored
What can be said about the Gilded Age with its point in American History?
It was a high point
What impact did the Civil War have on industry / technological innovation?
There was the growth in industries for consumer products, instead of just wartime products.
Why was America set-up for a strong industrial revolution?
They had a continent of valuable resources such as coal, oil, steel, and many agricultural products
What was the impact of Industrialisation in terms of with the rest of the world and businesses?
Many European investors saw the US as a good place for business
What was the impact of Industrialisation in terms of with Immigrants? How significant was its scale?
Immigration occurred heavily, which almost doubled the USA Population.
What was there a larger need for due to Industrialisation?
Work
What were created for the first time in America in large cities due to Industrialisation?
Skyscrapers
What are monopolies in business?
Businesses that have a massive control over a specific field of industry