Gilded age problems

Gilded Age Problems

  • Unhealthy & Dangerous Working Conditions

    The Gilded Age saw a rise in unhealthy and dangerous working conditions. Most factory owners and bosses were more concerned with profit than worker safety. During industrialization , the work accidents and terrible working conditions were countless.
  • Monopolies

    Companies emerged during this era that sought to eliminate or get rid of competition. These companies formed monopolies or a company which controls a product or industry like John Rockefeller and the oil business giving them an unfair advantage. If these companies were the only option for consumers for that product , they would then have to pay whatever the price.
  • Government & Business Corruption

    The government practiced laissez faire economics , meaning they did not get involved in the economy. This benefited big business. In addition , there was many instances of corruption by the government.
  • Problems With The Government

    Industrialization brought increased production but also increased pollution. This pollution started to negatively impact the environment. In addition Americans were exploiting their natural resources by depleting the finite amount available.