How Did The Gilded Age Change The Economy
Late 19th century, the United States became the leading industrial nation in the world which transformed the national economy of the nation during the period called Gilded Age. The most influential development of this era were the new inventions of the inventors, who invented new ideas and new products which led to a rise of big business. The inventors mostly controlled the nationwide industries, factories and had much control over the government and people who owned small business. Because of these new inventions the American life was changed and there was a drastic growth in the urban areas, there were significant changes in the transportation, agriculture, communication, and there was a demand in the labor union because of the newly built factories and industries. The life of this era was seemed to be constantly in motion as big businesses were rising and the life of every American got busier and busier because of the newly invented products. The Gilded Age has its importance in American history because it sets up the foundation for the modern …show more content…
Without them it would be impossible for Americans to be a new America with newly intervened products. Many new products transformed the simple life of an American. Their daily routine life was changed by the newly invented products. They could now travel via train in a short amount of time, they now had oil which made it easier for factories to make new machinery which alleviated some burden off from the man and the machine did the work for them. There are many other factors which changed the life of a normal person because of the business moguls. Also, the robber barons also opened up many job positions for people and left usable resources for us like railroads, telecommunication service, libraries and etc. They changed the way we live
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265 Words | 2 PagesGilded age 1878-1889 was the age of fast growth of industry and immigrants in America history. The production of steel and iron rose radically than other time. In contrast, the Western resources increased such as silver,lumber, and gold. As well as the transportation also improved. Railroad develop and move goods from resources rich west to east.
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286 Words | 2 PagesThis essay will examine the reasons why historians have called “The Gilded Age” to the era between 1877 and 1900, in which poverty, massive immigration, racism and corruption were the base metal of a nation that was gilded with industrialization and sudden wealth in order to make it look perfect with a shine finish. During the XIX century, United States suffered an important economic growth that took place after the civil war and the reconstruction era. The end of the war had a very decisive influence in the industrial development of the nation, giving a strong boost to it, causing a strong demand for many goods and a vertical rise in prices. The progress of American industry has had its repercussions to this day.
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714 Words | 3 PagesInventions like the automobile made a faster form of transportation open to the public; this would allow people to be able to go from places in a timeless matter compared to their other forms of transportation such as boats, and railroads. Also, the light bulb allowed people to save money and power their houses at the same time. Once the light bulb was put in, and electricity was wired through the house, they didn't have to pay for more light bulbs for a long period of time; compared to how much money families would spend on buying standard oil to light their homes, electricity and light bulbs were a giant money saver for many families during the Gilded Age. These inventions were not limited to the United States, though, over time technology diffused into other countries due to trade. In short due to new technology being created and new ways of doing things industrialized the lives of millions of people across the globe were made
Industrialist's Impact On The Gilded Age
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