Gilded age problems

monopoly

1870 BCE

These companies formed monopolies or a company which controls a product or industry like John Rockefeller and the oil business. Monopolies put all others out of 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. The government was not regulating business so this allowed monopolies to form which hurt small business and consumers

Problems with the environment

1800

Problems with the environment
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.

Unhealthy and dangerous working conditions

May 10, 1869

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 To combat this, workers formed unions to fight for higher wages, better hours and safer conditions. However, unions experienced challenges and often won few victories because of the government's cooperation with business.

Government & Business Corruption

Aug 4, 2003

Government & Business Corruption
The government practiced laissez faire economics. This meant they did not get involved in the economy. This benefitted big business. In addition, there was many instances of corruption by the government.
Urbanization
Millions poured into cities for jobs in factories during the industrial era. This rapid urbanization resulted in overpopulation, crowded tenements, strain on city service, health issues etc.