I believe it is A because it has to do with the presidency and the government
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It has many benefits along with flaws. It does eat away at todays generation but the improvement in technology has a great impact on everyday life
Mark Twain would have most likely used the phrase as B) a period of ridiculous excess. During this period there was rapid economic expansion and growth, but this did not extend to the working poor. The wealth expansion also created very corrupt politics. These factors came to define this period as the "Gilded Age." Twain was very critical of this period and its economic and political characteristics.
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If the US lost the American revolution, I'd think you would end up seeing a similar relationship that the UK had with Canada, Australia, etc.
The immediate consequences would have resulted in the founding fathers executions or imprisonment. Some like Franklin, who were seen as more worldly may have kept their freedom but overall all those guys probably would be done as political actors. The British would have made the colonies pay for much of the cost of the war and the continued stationing of massive amounts of solders.
Over time the British would have probably continued to expand their control over the lands between the Appalachians and the Mississippi, resulting in a series of further colonies. Many of these colonies would be simple expansions of already existing colonies like New York, Pennsylvania and Virgina. I believe all three had claims to lands West of the Appalachians, claims that had to be dealt with and truncated in the new America, but may have been left alone in a 19th century British colonial America.
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