Gilded Age Historical Critique
“Beautiful credit! The foundation of modern society. Who shall say that this is not the golden age of mutual trust, of unlimited reliance upon human promises? That is a peculiar condition of society which enables a whole nation to instantly recognize point and meaning in the familiar newspaper anecdote, which puts into the mouth of a distinguished speculator in lands and mines this remark: 'I wasn't worth a cent two years ago, and now I owe two millions of dollars.”
The excerpt is most critical of which of the following historical developments?
A
The increase in labor unrest and the formation of labor unions.
B
Nationwide reforms in public education during the period.
C
The growth of economic disparities and speculative investment in the late 19th century.
D
The acceleration of westward expansion and land acquisition acts.
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