Gilded age
The Gilded Age was an era of rapid economic growth, especially in the North and West. As American wages were much higher than those in Europe, especially for skilled workers, the period saw an influx of millions of European immigrants. The rapid expansion of industrialization led to real wage growth of 60% between 1860 and 1890, spread across the ever-increasing labor force. The average annual wage per industrial worker (including men, women and children) rose from $380 in 1880 to $564 in 1890, a gain of 48%. However, the Gilded Age was also an era of abject poverty and inequality as millions of immigrants many from impoverished European nations poured into the United States, and the high concentration of wealth became more visible…
Immigration from Europe and the eastern states led to the rapid growth of the West, based on farming, ranching and mining. Labor unions became important in the very rapidly growing industrial cities. Two major nationwide depressions the Panic of 1873 and the Panic of 1893 interrupted growth and caused social and political upheavals. The South after the Civil War remained economically devastated; its economy became increasingly tied to cotton and tobacco production, which suffered from low prices. With the end of the Reconstruction era in 1877, black people in the South were stripped of political power and voting rights and were left economically…
Too rapidly, for it spun out of control and failed to handle the Great Southwest Railroad Strike of 1886. The Knights avoided violence, but their reputation collapsed in the wake of the Haymarket Square Riot in Chicago in 1886, when anarchists allegedly bombed the policemen dispersing a meeting. Police then randomly fired into the crowd, killing and wounding a number of people, including other police, and arbitrarily rounded up anarchists, including leaders of the movement. Seven anarchists went on trial; four were hanged even though no evidence directly linked them to the…
