Corruption. Gilded means covered in gold, but on the inside, it was corrupted. There was economic growth, but there were political machines (industry had too much power) and lots of poverty, which lead to the rise of labor unions. For more information, check out the Wikipedia page on the Gilded Age.
Answer: A recession is a period of economic contraction, where businesses see less demand and begin to lose money. To cut costs and stem losses, companies begin laying off workers, generating higher levels of unemployment.
Explanation:
Success of Hong Kong. Not really sure about my answer. Hope it helped
