How Did The Gilded Age Affect The Economy

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Mark Twain described the 19th century as the “Gilded Age” which took place between 1870 and the1900’s. This era basically meant everything that looked or sounded good, was not exactly what it seemed. Causing many changes in the economic growth, “The Gilded Age” did not only affect the poor, it also affected the rich. As you guessed it, since the era occurred only 5 years after The Civil War, it negatively affected the poor and it positively affected the rich. Many (last) names you hear today, such as Andrew Carnegie, Henry Ford, J.P. Morgan, John D. Rockefeller and Cornelius Vanderbilt, are people who basically formed a monopoly together during this era, and caused so many of these economic changes. A monopoly basically means one person or

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