Question

The economy of the Gilded Age was characterized by

Answer 1

The economy of the Gilded Age was characterized by rapid economic growth and social change, and a deep recession in which high unemployment fueled massive and rebellious social change. This is further explained below.

What is Gilded Age?

Generally, The Gilded Age was a period in the history of the United States that generally lasted from the years 1870 to 1900. It was a moment of significant economic expansion.

In conclusion, The economy of the Gilded Age was marked by fast economic expansion and significant social transformation over its time period. a severe economic downturn that was characterized by elevated rates of unemployment and gave rise to widespread social unrest.

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