The economy of the Gilded Age was characterized by rapid economic growth and realization of new methods and means of manufacturing and selling goods.
Explanation:
The Gilded Age could be an amount of explosive growth in American trade and agriculture. The Gilded Age is commonly seen as a time of stealer barons, corrupt politicians, and a capitalist government. it absolutely was all of those, however, it absolutely was conjointly a time of growth for the employee and farmer. The westward movement following the war displayed thousands of farms manufacturing enough to feed everybody within the U.S.
and send several farm merchandise overseas. manufacture associate degreed twenty-seven million immigrants gave the new factories an endless offer of staff. Railroads enlarged by thousands of miles, production, oil product in an automotive production went on the far side anyone wildest dreams. Unions began to shorten staff hours of labour and improved safer operating conditions. because the price of shipping was lowered the costs of products and services were lowered conjointly.
President Roosevelt brought associate degree finish to several monopolies that were recorded by muckrakers that exposed terrible operating conditions, people's lives typically improved. once industrialist started paying five.00 bucks on a daily basis in wages several different industries raised the wages for their employe.
