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Submitted by wolftrac on April 12, 2008
Category: American History
Words: 884 | Pages: 4
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The Gilded Age began during the Reconstruction of the South after the Civil War
and ended shortly after the conclusion of the Panic of 1893. This era of American history
was known as a time of forgettable presidents, industrialization, depression and
corruption. Between the years of 1865 and 1900 Americans witnessed the government’s
inability to adequately solve issues, such as controlling monopolies and trusts, addressing
the needs of farmers, regulating railroads, and enforcing the equal rights of African
Americans (Doc. A).
Until the Sherman Anti - Trust Act was instated in 1890, monopolies and trusts
dominated the United States government (Doc. C). Monopolies such as the Standard Oil
Company and the U.S. Steel Corporation were selling trusts to congressmen and other
government officials to encourage the Congress not to vote against big businesses. The
Populist Party, who primarily protected the rights of farmers, disagreed with this,
believing that the government had lost sight of how destructive these trusts and
monopolies were to the country (Doc. H). Because the government failed to control
monopolies until 1890, they continued to eliminate competitors by buying them out and
raising prices, which was a main contributing factor in the depression in 1893.
Mary Lease stated “raise less corn and more hell”, referring to the grievances
farmers had after the United States government had ensured them that if they provided
the government with a plentiful crop, in return the farmers would receive a greater profit,
but instead, the government claimed it to be overproduction. This “overproduction”
resulted in a very significant decrease...
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