History Midterm Part Two

History Midterm Part Two - Gilded Age Corruption The term...

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Gilded Age Corruption The term “Gilded” is defined as deceptively pleasing. The Gilded Age was a time where everything seemed fine on the surface, but in reality was far from it. The term refers to a time after Reconstruction in the late 1800’s. America was becoming industrialized and the railroad industry was quickly rising and becoming the center of commerce. However all was not as it seemed to be as lack of regulation led to deception and corruption. The railroad industry was a monopoly that was sweeping the country by storm. The leaders of these industries became known as “robber barons” because of the deception and manipulation that they used for their own personal wealth. They took advantage of the power that they had and used it for their own personal gain. Back in the late 1800’s there was a lack of regulation on finance. The railroad tycoons took advantage of this by manipulating the financial market. They would take loans out to build railroads and would never pay them back. On top of that they would
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History Midterm Part Two - Gilded Age Corruption The term...

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