Question

How did the Gilded Age change lives for Americans? Who were some of the Industrialists who changed American Big Business and how did they change it? How did these changes impact the East (urban cities)?

Answer 1

IMPACTS OF GILDED AGE ON THE LIFE OF PEOPLE

When we analyze the gilded age with a broad sense, we are clear that the gilded age witnessed a great change over the life of people in America. Actually the gilded age is Referred to the late 19th century, more precisely the time period between the 1870- 1900. This era is marked for the extensive economic growth of the county. The economic growth is remarkable and it is very significant for the further progress of the nation.

The wages in America rise up than the Europe and it has created a situation in which we have witnessed an influx of migrants towards the nation from the Europe. The migrants mainly constitute the skilled workers from the Europe because of the high wages compared to their home nation. And also the America has overtake the industrialization of the Britain. And it resulted in a rapidly expanding economy and the extension of economy into new areas which is heavy industries includes the factories, coal mining company, railroads.

The establishment of railroads created a boost up in the commercial farming. The American rural areas became large markets by the establishment of this. And also there established engineering colleges in order meet the growing demands of the expertise jobs. In this way the life of people has entirely changed in this period.

On the other hand this period is also counted for the social and human issues, including the poverty and inequality and it mainly caused due to the uncontrolled migration of people, mainly workers from the Europe to America in a large extend.

INDUSTRIALISTS WHO CHANGED AMERICAN BIG BUSINESS AND HOW THEY CHANGED:

The Establishment of railroads was an important step in this period. And it has a very important effect in the economic prosperity witnessed at that period. Big business firms actually indicates the firms which has a control over the economy. And they split among themselves and the managers of each departments will coordinate their functions. In the railroads there includes the departments to operating trains, for Maintenance , for finance and others.

The industrialist at that time includes the most famous famous American businessman whose name is evergreen. The most famous John D.Rockeffeller, who is believed to the ever wealthiest person in the modern history. His major business mainly concentrated at oil refining and he holds almost 90 percentage of share in this industry. And that was at the peak. Another prominent industrialist is Andrew Carnegie, the man who is responsible for the development of steel industry in America. And also his presence is also noted in this development.

Henry Morgan is another famous industrialist and was an American banker is also counted among them who provide this economic prosperity. And the investment made on the inventions of the Graham bell's tele communication and Edison's electric lighting is also an important step towards the progress.

IMPACT IN THE EAST { URBAN CITIES }

Due to the effect of massive industrialization urban centres become very important places for the business and also for the daily life. Because the nation experienced a massive economic change in this period.

And in order to meet up the growing demands of experts the America witnessed a large extend immigration from Europe. And the people flows into the mill, mines and factories. And such situation has resulted in increase of poverty and the poor section people were forced to low cost housing facility. Many issues regarding humanity has raised.

The roads and railway roads in the big cities were elevated in order to avoid the dangers involved in it. And the streets became crowded with people and the roads with vehicles. The transportation became complex in the large cities. And the electric trollies was a major transportation employed there. These are the major impacts on the cities.