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Economic changes during the gilded age
Importance of industrialist in the gilded age
Social and economic changes brought by industrialization during the gilded age
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Although industrialists of The Gilded Age brought about a new societal sophistication, those of the lower class were not blessed by these of the social graces. The men of The Gilded Age the steelmaker Andrew Carnegie, the banker J.P. Morgan, the oilman John D. Rockefeller, and the railroad magnates Jay Gould and Cornelius Vanderbilt, contributed to the low income and poverty lives of their workers. Often labeled at robber barons, these industrialists took away the rights of their workers and helped make higher class children have an unfair advantage, especially in the sense of education, over the lower class youth. These men, distinctly different in their investments, all had one goal in mind. To earn a profit, no matter the cost.
The Gilded Age, created a big impact with the use of technology, it affect the people and the environment of that time period. Many things helped contribute to this affect, like the Bessemer Process, railroads, oil, and light. The Bessemer process help make steel at much faster rate; therefore it helped make railroads and skyscrapers for the future. Andrew Carnegie, one of the richest men at the time, helped with the steel industry and production. He was the man who made the steel industry grow and make it built things that we thought weren't even imaginable during that period.
The United States went through substantial changes during the Gilded Age and Progressive Era. Industries grew, and the way people lived and worked changed a lot. During this time, an important thing that happened was that the industry grew extremely fast. This made people like Andrew Carnegie and John D. extraordinarily rich and powerful. In previous years, Rockefeller was a wealthy and influential individual.
The economic growth during the Gilded Age affected the United States in both negative and positive ways. As a positive, the growing population formed an expanding market from the east coast to the west coast. The economic growth directly affected the supply and demand for basic essentials for the needs of the country. As the population traveled west, supplies and goods that were needed also traveled west. The expansion of the railroads during the Gilded Age, in my opinion, alone was the most major change for our country.
Although big business during the Gilded Age improved the economy and the availability of goods for the American people, it did not improve politics due to the corruptness of politicians, requiring citizens to push reforms to restore democracy. Big businesses relieved economic stress of the American people during the Gilded
Industrialization was a catalyst of tension between laborers and the owners of capital which then led to political reform, as well as thousands of immigrants coming to America looking for work. Industrialization was a cause of tension between laborers and the owners of capital. The Gilded Age was a time with large and rapid economic growth, and additionally helped capitalism strengthen in America. Industrialization and innovation sparked more, unregulated manufacturing where the capital owners’ net worth boomed.
The impact industrialism had on the Gilded Age was that it allowed people to gain wealth, improve materials, and to increase production. Industrialists like Vanderbelt and Rockerfeller are one of the main reasons this time period is called, the Gilded Age, because of how they were able to create monopolies within the railroad and oil industries and thus, make themselves rich. These two people impacted the Gilded Age by further improving people's lives with their ideas. Vanderbelt cut travel time to seven days with his first transcontinental railroad and Rockerfeller made homes safer by creating standard oil that won't be as dangerous as kerosene. People like them also shaped how we do business today by carving the path to nationwide trade
Industrialist had a huge impact on the gilded age. The gilded age was a rapid expansion of industrialism and a massive jump in the population of immigrants in america. The industrialist during the gilded age such as Andrew Carnegie, John D. Rockefeller, and Vanderbilt had a big impact because of their businesses. Vanderbilt was the first of the three to be a leader of industry. Vanderbilt made millions using the railroad system and built an empire with them.
The impact industrialist had on the Guilded Age was that without of everything that happened we wouldn't be as successful as we are today in industrailization. Without all the things that Andrew Carnegie did I don't know where we will be today because without all the stuff he did in the railroads we wouldn't be that fast in getting our supply's. Without the important people our society would be totally different. John D. Rockefeller had came up with the idea of using oil and a faster way to get the oil and a faster way to get the oil. Without his idea it would be hard to oil our cars or our machines in factories.
Industrialization and Industrialists had many important impacts on America. The era of industrialization known as the " Gilded Age" opened up many new doors for the American people. The industrialist Andrew Carnegie had one of the biggest impacts on America by far. Carnegie was responsible for the production of steel.
The Gilded Age's political, social, and economic types resulted in a rise in populist changes in the United States in the late nineteenth century. The uneven distribution of wealth and the exploitation of labor were two major factors in populist reform throughout this period. By pushing economic and political changes that would improve the working class and shift income from the wealthy elite to the general community, the populist movement wanted to address these problems. The United States had a period of fast economic growth during the Gilded Age, which extended from the 1870s through the 1890s. But because of the uneven distribution of this increase, the great majority of people did not greatly profit from it.
Jessica HillisMr. GillardAP US History5 January 2007Essay 16: Gilded AgeThroughout history, certain periods of time have been given certain names based on thehappenings that occurred. Many have called the period of 1865 to 1901 the “Gilded Age”, be-cause it was “shiny and pretty” on the outside but it was “rough and ugly” underneath. The term“Gilded Age” was actually coined by Mark Twain who satired the Gilded Age with a GoldenAge.
The decade between 1890 and 1900 expressed a crucial time in the United States of America’s history. Many people experienced struggles throughout this time while others prospered. Mark Twain suggested that despite the significant achievements of the United States, Americans experienced poverty. This statement is an accurate description of the lively hood people experienced in their daily lives during the Gilded Age whether it was positive or negative. Many people during this time period focused on the positive outcomes that resulted from the Gilded Age such as new inventions, the gospel of wealth, additions of land to the country, urbanization, and middle-class improvements.
What was the Gilded Age and why did Mark Twain refer to it as such? To help understand this question, one must know the meaning of the word gild. Per Merriam Webster, the term gild means to “to give an attractive but often deceptive appearance to” (Gild, n.d.). After the Civil War the American people had become tired of all the corruption and simply wanted to see an end to it and to have a stable economy. The Gilded Age was fashioned to be prosperous times for all Americans, promising wealth, and an end to past political corruption.
Robber Barons and Captains of Industry Some might believe that the businessmen of the Gilded age are robber barons because of how some of them treated their workers and spent their money. The businessmen of the Gilded Age were captains of industry because of the impact that they made on the country. Carnegie, Rockefeller, Morgan, and Vanderbilt all have done things that can identify them as captains of industry. These businessmen gave their time and effort to help the economy grow.