Dr. Tuan Hoang
May 26, 2014
Gilded Age America
Throughout the history of the United States, the Gilded Age is regarded as a period that spanned the last three decades of the 19th century. This period starts from the Civil War came to an end in the 1865 up to 1900. The term Gilded Age was formulated by writers Charles Warner and Mark Twain in The Gilded Age: A Tale of Toady in 1873. They did this since they believed it to be an era that would be characterized by a variety of severe social problems that were camouflaged by a minute gold gilding.
The Gilded Age Served as an era that was characterized by rapid growth of the economy, though significant social conflict was ...view middle of the document...
Compared with socialism in the Soviet Union and China, capitalism is an economy system which did not centered by the government, but the individuals and the private investments. The illustration on the slideshow 6 (Slideshow 6:3) represents the nature of capitalism during the Gilded Age. The man in the picture has a fat belly to indicate that capitalist practices are geared toward wealth accumulation, just like individuals who consume large amounts of foods to grow fat bellies. An examination of the man's face indicated that he is furious and determined to achieve his goal. His clenched fist and wide walking pace portrays an individual ready to fight for a particular reason. In a capitalism market, investors normally tend to consider every possible strategy that can be employed to ensure maximum profit generation. The whole illustration draws a picture of an aggressive, ambitious and profit-driven Gilded Age capitalist.
The video in slideshow 6 (Slideshow 6:4) presents information relating to the American industrial revolution after the Civil War. Several years following the Civil War saw the United States' emergence as an industrial nation. Old industries were expanded with new ones being founded. For instance, the country experienced the emergence of steel manufacturing industries, oil industries, and the development of electrical energy. In addition, the railroads expanded significantly with the large investments of over $100 million bonds. A successful middle class emerged, thereby making buying a common practice among all individuals unlikely previously, where only the...