WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The US joined European countries in backing its currency with gold.
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Us society was in a Golden Era of new inventions and economic growth.
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Underneath its glittery growth and success, U.S. society was struggling with poverty and corruption.
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Many U.S. citizens were becoming wealthy as a result of new inventions fueling the rapidly growing U.S. economy.
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Detailed explanation-1: -The term “Gilded Age, ” coined by Mark Twain and Charles Dudley Warner in their 1873 book, The Gilded Age: A Tale of Today, was an ironic comment on the difference between a true golden age and their present time, a period of booming prosperity in the United States that created a class of the super-rich.
Detailed explanation-2: -In his The Gilded Age: A Tale of Today, Mark Twain characterizes the period as “glittering on the surface, but corrupt underneath.” In saying this, Twain meant that while the period was one during which extreme wealth was being created, that wealth was often ill-gotten and made through corrupt means.
Detailed explanation-3: -The Gilded Age was named so by Mark Twain who saw the economic growth of America during the late 19th and early 20th century as misleading. He called it the Gilded Age because he claimed that despite all the economic progress America was making, the societal structure underneath it was crumbling and suffering.
Detailed explanation-4: -Mark Twain, who coined the moniker “The Gilded Age” in his 1873 novel of the same name, used it to describe the era’s patina of splendor-gilded, after all, is not gold-and the shaky foundations undergirding industrialists’ vast accumulation of wealth.