Advantages And Disadvantages Of The Gilded Age - 1035 Words

Question 2 From the end of the nineteenth century to the middle of the twentieth century many economic changes occurred, from booms to busts, but all effected minorities less favorably. At the end of the nineteenth century began an era of industrialization that created an economic upturn called the gilded age. Hallmarks of this age were technological advances, banking innovations, and wealth concentrations. Railroad construction, advances in steel production, and electrical innovation drove industrial and economic growth. Emerging from this upheaval were a gaggle of industrial big wigs: John D. Rockefeller, J.P. Morgan, and Andrew Carnegie. These three represented an unholy alliance with government and big business that left smaller†¦show more content†¦Ford Motor company not only revolutionized production with the assembly line, but also paid its workers well enough that they could afford to buy its cars too. This boom in car ownership encouraged other industries to grow as well, sectors such as road and bridge construction, glass and leather manufacturing, and naturally, oil production expanded also. Advertising built brand identification and created a consumer culture that equated patriotism, and piety with consumerism. For the first time, companies like Coca Cola, and General Electric sold hope and lifestyle, encouraging the creation of a consumer culture. Unfortunately this roaring twenties boom economy lead many to lean too heavily on credit, leading to an inevitable down cycle called the Great Depression. Structural defects in the US economy, such as banking sector instability, wage stagnation, agricultural overproduction, and over reliance on credit, were the main causes of the Great Depression. Newly elected Herbert Hoover and his administration floundered as unemployment and hunger raged out of control. So many lost their homes that card board shanties called Hoovervilles sprung up in all major cities. American s disillusionment with governmental ineffectiveness during Hoover s administration allowed the Democratic Party to elect the first democratic president since Woodrow Wilson(1921). Franklin Delano Roosevelt(FDR) swept into power ready toShow MoreRelatedInventions In The Gilded Age1140 Words   |  5 PagesIntroduction Immigration and African American Rights, I think these are the main events that happen during the Gilded Age. The Gilded Age was an eventful time, had lots of things going on from left and right of us. Mark Twain called the 19th century the Gilded Age, by this he meant that the period was glittering on the surface, but corrupt underneath. There were only two different classes, either you were rich or poor. 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Morgan (Columbia), has been expunged from historical records, instead leaving behind an monotonous transcript of male exceptionalism and supposed â€Å"industrial statesmen[ship]† during the Gilded Age (â€Å"Robber Barons†).Women’s perceived identities throughout time have been vastly malleable, with opponents of gender equality resorting to the belittlement of females intellect in order to regain power; women have been forced to utilize these generalizationsRead MorePaper2439 Words   |  10 Pages Persuasive Paper Part 3: Possible Disadvantages, Answers, with Visuals Rodney Howard Professor: Holly Sprinkle English Research and Writing September, 1st, 2015 Introduction There is a problem that exists with hung juries. It should be suggested that a supermajority be required to convict, and a mere majority be required to acquit. These reforms would effectively abolish the hung jury. We need to stop giving holdouts the power to prevent convictions and I feel that all jurors should not have to