Historians argue that the 1890s was a transformative decade or watershed decade in American history. The Gilded age coined by Mark Twain, the idea that although things appear to be good on the surface, several problems existed underneath. Mark Twain was inferring that the United States in this period did not experience an era of prosperity and happiness, but rather an era of hardship and sadness.
The Gilded Age was a period of intense industrialization, which focused on the development of America, as an industrial and business powered country. During The Gilded Age there were many scientific breakthroughs, social transformations and technological innovations. This era was composed of economic growth, especially in the North and West. The Gilded Age represented the rapid expansion of industrialization, expansion of the middle class, and mass production.
Don’t waste time! Our writers will create an original "The Industrial Revolution-Gilded Age" essay for you whith a 15% discount.Create order
These new advantages only benefited upper-middle class, businesses and white men. The unskilled, uneducated, and the poor did not benefit. These improvements reinforced the faith of ordinary people in the process. Many had faith in the system but due to the growing economy and imperfect economic status, there were two economic systems that emerged.
The first is Laissez-Faire, which was developed by Adam Smith. Laissez-Faire was a belief that the government should have a hands-off approach to businesses. Laissez-Faire sought to demonstrate how the unrestricted pursuit of private gain by individuals must maximize the profit of all. This process is called the invisible hand, which lets people do as they choose. The market is not man-made or invented its the invisible hand, you want to buy it, I want to sell it.
Therefore the government cannot intervene. It describes a system or point of view that opposes regulation or interference by the government in economic affairs beyond the minimum necessary to allow the free enterprise system to operate according to its own laws.
We will send an essay sample to you in 2 Hours. If you need help faster you can always use our custom writing service.Get help with my paper