How Did The Gilded Age Affect The Economy

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The Gilded Age, a term coined by Mark Twain and Charles Dudley Warner refers to the years after the Civil War. During the Gilded Age, the American economy grew at an extraordinary rate and as a result led to a generation of unprecedented levels of wealth. There was the development of railroads and later on telephone lines which created new opportunities and cheaper consumer goods (Arnesen et al., 2006). During these years, the United States became increasingly divided as a result of the emergence of the rich and poor classes due, in part to huge waves of immigration. The rich industrial and financial class lived in beautiful homes and indulged in all kinds of amusements while the poor workers struggled to survive. The profound changes that
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