#gilded
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I’m not going to go into alot of detail over gilded age, but here’s what you REALLY need to know in case of an FRQ:
- Gilded Age equals complete laissez-faire economy (aka government puts no regulations on any businesses and does not help failing businesses)
- this makes way for monopolies
- major monopolies in this time period were oil (rockefeller & his Standard Oil Company), steel (carnegie & then jp morgan), railroad (vanderbilt)
- during this time period, all the presidents were termed “Forgettable Presidents” because they did ABSOLUTELY NOTHING (Hayes, Garfield, Arthur, Cleveland, Harrison, McKinley)
- Sherman Anti-Trust Act (1890) - passed, but not used or put into affect until progressive era by teddy roosevelt
- Social Darwinists (think biology & evolution here!) whoever is the best and most “fit” should handle the money & wealth - main argument
- gospel of wealth - carnegie (if you had money, you should use it to benefit society and others)
- Railroad strikes - depression
- Labor Unions - National Labor Union (first national union), Knights of Labor (all workers) and then American Federation of Labor (“bread & butter”, practical union)
I will never lose my voice
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