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Government and 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 were many instances of corruption by the government. -
Environmental Issues
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. -
Monopolies
Companies emerged during this era that sought to eliminate or get rid of competition. These companies formed monopolies that controlled products/industry like John Rockefeller and the oil business. Monopolies put all others out of business giving them an unfair advantage, these companies were the only option for consumers to get that product so they'd have to pay the price. -
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, work accidents and terrible working conditions were countless To combat this, workers formed unions to fight for higher wages, better hours and safer conditions. Child labor rates were high as they had to work to help their famalies
