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RECEIVE 100 POINTS!!! Compare the Gilded Ages to the current US economy, also solutions addressing the inequalities during the Gilded Age. No plagiarism please!!

User Mflaming
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Answer:

Comparison between the gilded age and today's economy

Step-by-step explanation:

I would say the gilded age and today's economy are similar because of who had/has dominance over it. During the gilded age very wealthy robber barons like Carnegie, Vanderbilt, Rockefeller, etc dominated the US economy and industry because their industries were monopolies and they had huge corporations. Through the formation of trusts and worker exploitations they were able to rise to the top and gain economic success in a rapidly industrializing and urbanizing nation. Today you could almost compare this to huge companies like Amazon, Microsoft, and Apple. Many businesses are being crushed because amazon has practically monopolized the online shopping world. For example, people don't bother going to stores or shopping from small business because amazon sells products for cheaper and it is more convenient. This would be similar to someone in the gilded age wanting oil. Why would someone buy oil from a smaller business that is selling it for more when they could buy from Rockefeller's standard oil monopoly for cheaper.

User Thomas Danecker
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