Why was industrial revolution called the gilded age

2 answers:

6 0

Mark Twain named it the Gilded Age. The Gilded Age played an important role in the development of the American society. This time period was corrupt. Corruption spread through the city,state,and national governments. The Gilded Age transformed the economy,technology,government,and social customs.

RideAnS [48]3 years ago

3 0

As quoted by Mark Twain, he explains that "The Gilded Age glittered beautifully on the surface, but beneath, corrupt" Meaning, though initially it may seem as if this age is wonderful and perfect, but upon closer inspection, reveals corrupt politicians, businessmen, and citizens.

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<h3>What is a price ceiling?</h3>

Price ceiling is when the government determines the maximum price a good or service should be sold for. It is binding when it is set below equilibrium price.

In order to determine the quantity demanded at the price of $5.50, trace $5.50 to a point on the demand curve(the downward sloping curve). In order to determine the quantity supplied at the price of $5.50, trace $5.50 to a point on the supply curve(the upward sloping curve).

Please check the attached image for the required diagram. To learn more about a price ceiling, please check: brainly.com/question/26521358

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