Answer:
Who: The Gilded Age in the United States, roughly spanning from the 1870s to the early 1900s, was marked by rapid industrialization and economic growth.
What: The term "Gilded Age" refers to a period of superficial prosperity covering underlying social issues, including income inequality, political corruption, and labor struggles.
Why: It was characterized by an emphasis on wealth accumulation, laissez-faire capitalism, and the rise of powerful industrialists, with a lack of government intervention in business practices.
Impact: The Gilded Age had significant consequences, including the concentration of wealth among a few, the rise of labor movements in response to poor working conditions, and increased political corruption, leading to calls for reform and progressivism in the early 20th century.
Step-by-step explanation:
Who: The Gilded Age in the United States, roughly spanning from the 1870s to the early 1900s, was marked by rapid industrialization and economic growth.
What: The term "Gilded Age" refers to a period of superficial prosperity covering underlying social issues, including income inequality, political corruption, and labor struggles.
Why: It was characterized by an emphasis on wealth accumulation, laissez-faire capitalism, and the rise of powerful industrialists, with a lack of government intervention in business practices.
Impact: The Gilded Age had significant consequences, including the concentration of wealth among a few, the rise of labor movements in response to poor working conditions, and increased political corruption, leading to calls for reform and progressivism in the early 20th century.