Gilded Age Urbanization
The period between 1870 and 1900 is often referred to as the Gilded Age. It was a period that consisted of rapid economic growth, an increase of immigrants, and an infinite growth of large cities. The tremendous urban growth came with all its accompanying problems and benefits. One system that was benefitted by the Gilded Age was the economic system. There were two main aspects that were enhanced by the growth of cities. The Growth of cities allowed the U.S. to expand their Economy and to become one of the leading industrial countries in the world and the wages were changed as well. The growth in cities made it possible for the U.S economic system to expand infinitely. After the end of reconstruction to the panic of 1893 the American economy almost doubled in size. This was because when cities grew the economy expanded allowing for people to gain more money. Along with the growth of the economy, new technologies and the newly created ways of controlling businesses, allowed the economy system to be dominated by three people. These three leaders were Rockefeller, Carnegie, and J.P Morgan. Rockefeller dealt with standard oil, Carnegie with steel, and Morgan with banking. These people were big names in the Gilded Age because they controlled the majority of each of these industries and helped lead the country to be one of the most powerful industrial countries in the world. Along
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The inequality in wealth remained relevant throughout the Guilded Age and the people referred to the industrial system as a new and revamped slave program, since the people were treated as dispensable items. Overall the growth in cities allowed for many benefits while it also created problems throughout the
The inequality in wealth remained relevant throughout the Guilded Age and the people referred to the industrial system as a new and revamped slave program, since the people were treated as dispensable items. Overall the growth in cities allowed for many benefits while it also created problems throughout the