Question

The Gilded Age was a time of economic . While a small percentage of Americans , the rest of the population owned a percentage of the nations wealth. The number of railroad miles increased rapidly, but in railroads led directly to the Panic of 1873.

Answer 1

The Gilded Age was a time of economic growth. While a small percentage of Americans lived in wealth, the rest of the population owned a small percentage of the nations wealth. The number of railroad miles increased rapidly, but in railroads led directly to the Panic of 1873.

What was the gilded age?

The gilded age was the period that can be said to have been the age of economic prosperity in the United States. This was the period where the people experienced rapid industrialization in the nation and there was a great deal of migration in the nation.

During this age, there was very little regulation by the United States powers hence the wealthy in the society were able to accumulate a lot of wealth in the country. Only a small percentage of the citizens were wealthy. The rest only owned a small percentage of the nations wealth.

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