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Gilded Age Historical Critique

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“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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