fromBig Think
1 day agoWhen "survival of the fittest" justified monopolies and the slow death of democracy
Understanding the first Gilded Age (1870-1914) is essential for assessing the significant political impact of market power. This era featured a blatant anti-democratic worship of business power that contrasts starkly with the more democratic, egalitarian policies of the period from the 1930s to 1980. [It] was a time of extraordinary technological and economic progress when many 20th-century technologies were invented, spurring the creation of many new businesses in all sectors of the economy.
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