5 Reasons Why the Gilded Age Ended

The golden age began at the end of the civil war. As railroads rushed to connect the country, robber barons amassed fortunes in unregulated industries like oil and steel. Mark Twain coined the term “Gilded Age” in a novel satirizing the corruption behind America’s new prosperity. The name stuck, but the good times didn’t: As Gilded Age mansions like the Breakers in Newport and the Biltmore in Asheville grew, so did discontent over rampant income inequality. The Golden Age collapsed with the Panic of 1893, which sparked an economic depression that ushered in the sweeping reforms of the Progressive Era. Here are five reasons why the Golden Age has come to an end:

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