Question

Which of the following best explains a key reason for rapid economic development during the Gilded Age?

Answer 1

Answer:

The massive growth is in transportation, manufacturing, industry were the major factors that lead to the development during the Gilded Age which also resulted into increase in wages

Explanation:

The Gilded Age or Era of 1860 was the period in which the America economy experienced  massive growth. This growth was mostly visible in the north and west regions of the country. THis age saw an extraordinary increase in the wages of American's which in return resulted in an influx of Europeans into American soil to partake in the juicy wages being paid to skilled workers.

Moreover, during this period, there was massive industrialization of industries thereby creating more jobs and wages jump to 60%.

Also, we must not fail to state that other factors lead to economic growth or development in the Gilded Age. Some of which include;

Transportation: majorly there was an increase in rail tracks being laid as a result of the event of the civil war

The land was available for farming and setting up of industries.

Funds were made available by the government through grants