Chapter 62: An American Aristocracy
Americans had long believed their country was a classless society. But by the end of the 19th Century, that myth had been shattered. In the Gilded Age, a super-rich elite emerged. They spent lavishly on houses, parties, and luxuries, while also investing in education and philanthropy. In this chapter, we’ll discuss this new upper-class, as well as how wealth in the United States became so imbalanced. We’ll explore topics like homesteading, Reconstruction, immigration, political corruption, corporate consolidation, and more.