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One significant law passed during the Gilded Age was the Interstate Commerce Act of 1887. This legislation aimed to regulate the railroad industry by prohibiting discriminatory practices and requiring that railroad rates be "reasonable and just." It established the Interstate Commerce Commission (ICC) to oversee and enforce these regulations, marking the federal government's first attempt to regulate private industry on behalf of the public interest. The Act represented a crucial step towards addressing the monopolistic practices that characterized the Gilded Age economy.
How can we connect the gilded age to the progressive movement
Gilded Age was the period that was roughly followed from the 1870s. The term gilded age was coined by the writers by the names of Mark Twain and Charles Dudley Warner.
Political participation during the Gilded Age was extremely high.
valued cheap and relatively unskilled labor
Mark Twain.
Mark Twain.
Valued cheap and relatively unskilled labor
John D. Rockefeller.First billionaire
A trust is when competing companies in an industry join together to control the industry. They form a monopoly.
The ranching
John D. Rockefeller was referred to as a "robber baron" due to his business practices that were seen as ruthless and exploitative. He gained control of the oil industry by employing tactics such as consolidation, aggressive competition, and price manipulation, which allowed him to amass significant wealth and power at the expense of others. This term reflects the negative perception of his business tactics during the Gilded Age.
The railroad industry was considered a catalyst of economic growth during the Gilded Age. The expansion of railroads created new markets, facilitated the movement of goods and people, and fueled industrial development in the United States. This industry played a crucial role in connecting the nation and stimulating economic prosperity during that time.
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v (gilded, gilded, gilt) позлатявам, варакосвам
"The Gilded Age" was first coined by American author Mark Twain. He was referring to the rapid industrial revolution in the decades after the Civil War. Something that is "gilded" is made mostly of a base metal like steel or iron and then covered with a layer of gold so that it looks valuable. Even though the post-war era produced many marvels, it often took advantage of the poor and less fortunate, thus the "base metal" beneath the gold