North <span> The period of 1865-1900 is referred to as the Gilded Age due to the economic success found from the Industrial Revolution.
The center of the Industrial Revolution was in northern cities and corporate giants made millions of dollars from their industry. The wealthy got wealthier and it was said the "streets were paved in gold". This extravagance pulled immigrants into the US and boosted a dream of "rags to riches". The Gilded Age was marked with few regulations from the government and much wealth in the hands of very few.</span>
This was a period of rapid industrialization which was common in the northern parts of United States of America. It's called gilded because like gilded things, it seemed as if things were going great but that was just a thin layer that was covering a plethora of various social and economic issues. The south didn't experience this very much because they were rather traditionally oriented in their business endeavors and manufacture so they experience the problems of the gilded age as much as the northern parts did.<span />
Favorable balance of trade is a positive situation where a country exports more goods and services than what it imports. It is an economic term that refers to the existence of a surplus in the nation's balance of trade.
