USA HISTORY

Detailed explanation-1: -During the Gilded Age, this belief that laissez-faire capitalism produced optimal results for society came into conflict with the efforts of reformers and labor unions to rein in the influence of big businesses.

Detailed explanation-2: -Introduction: An Overview of the Gilded Age There was a shift from an agrarian economy to an industrial economy and many Americans began to move to urban areas.

Detailed explanation-3: -In the American Gilded Age (1865-1910), laissez-faire was the dominant economic doctrine of the U.S. government. In layman’s terms, laissez-faire means “allowing you to do as you wish, ” which means the government plays a minimal role in the economy.

Detailed explanation-4: -During this era, America became more prosperous and saw unprecedented growth in industry and technology. But the Gilded Age had a more sinister side: It was a period where greedy, corrupt industrialists, bankers and politicians enjoyed extraordinary wealth and opulence at the expense of the working class.