Gilded Age
Era of US history from the 1870s to the late 1890s
Gilded Age
In United States history, the Gilded Age is the period from about the late 1870s to the late 1890s, which occurred between the Reconstruction era and the Progressive Era. It was named by 1920s historians after Mark Twain's 1873 novel The Gilded Age: A Tale of Today. It was a time of rapid economic and capital growth, especially in the North and West. As American wages grew much higher than those in Europe, especially for skilled workers, and industry demanded an increasingly skilled labor force, the period saw an influx of millions of European immigrants. The rapid expansion of industrialization led to real wage growth of 40% from 1860 to 1890, spreading across the expanding labor force. The Gilded Age was also an era of visible poverty. Though some earned more, the actual purchasing power advantage for many workers was somewhat smaller than raw wage comparisons suggest, especially accounting for comparatively high rents. Immigrants typically settled in industrial centers, and many planned...
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