New Brunswick Business Daily

How did the creation of a single market economy shape American values and the economy of today?

Also, what were the positives and negatives of the new market economy?

Public Comments

1. Criticisms of their excesses notwithstanding, Gilded Age "captains of industry" did build the industrial capacity that made America the world's foremost manufacturing power by the turn of the twentieth century. They laid the track for a nationwide rail network that enabled citizens to travel farther and faster than ever before. They built the factories that provided vital building materials for the growing cities. They amassed the capital that underwrote new projects in national transportation, production, and distribution networks. They fostered an economic system that prized ingenuity and efficiency. From Shmoop/Progressive Era/Economy