A period (1877-1900) marked by surface-level wealth masking underlying political weakness, social tension, and government inactivity, coined by Mark Twain.
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Laissez-faire economics
An ideology favoring minimal government intervention in the economy and business.
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Limited government
The belief that government should regulate business and society as little as possible, leading to a 'do-little' approach to regulation.
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Patronage
The practice of awarding government jobs and favors to political supporters, family, and friends, often contributing to political corruption or inertia.
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Political Stalemate
A condition during the Gilded Age where major political parties were evenly matched and often unable to enact significant reforms.
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Compromise of 1877
The agreement that ended Reconstruction, leading to Rutherford B. Hayes' presidency and a retreat from federal protection of civil rights in the South, marking a shift towards political inactivity.
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Rutherford B. Hayes
The U.S. President whose election, following the Compromise of 1877, marked the beginning of the Gilded Age's political stalemate and governmental inactivity.
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Mark Twain
The author who coined the term 'Gilded Age' in 1873 to describe the era's superficial glitter of new wealth.