| − | 1. What was the ‘Gilded Age’? Gilding is a method of brushing on very thin films of different metals, like gold, to give the appearance of the metal as solid. The Gilded Age was the era towards the end of the 1880s. It was very similar to gilding being that on the outside, Wall Street looked like it was doing well, but on the inside there were very wealthy people called ‘robber barons.’ They got that way though underhanded, devious business practices. Jay Gould, a financer on Wall Street, was the worst ‘robber baron’ who committed extensive fraudulent acts by printing counterfeit stock certificates to dupe investors. And he tried to corner the gold market by hoarding huge amounts of it, and in doing so, driving the price up quite a bit and also causing a panic called Black Friday. | + | 1. What was the ‘Gilded Age’? Gilding is a method of brushing on very thin films of different metals, like [[gold]], to give the appearance of the metal as solid. The[[ Gilded Age]] was the era towards the end of the 1880s. It was very similar to gilding being that on the outside, [[Wall Street]] looked like it was doing well, but on the inside there were very wealthy people called ‘robber barons.’ They got that way though underhanded, devious business practices. Jay Gould, a financer on Wall Street, was the worst ‘robber baron’ who committed extensive fraudulent acts by printing counterfeit stock certificates to dupe investors. And he tried to corner the gold market by hoarding huge amounts of it, and in doing so, driving the price up quite a bit and also causing a panic called Black Friday. |