The Indicator from Planet Money Gilded Age 2.0?
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Jun 5, 2025 The discussion dives into the Gilded Age, revealing its blend of wealth, corruption, and stark inequality. Experts draw parallels between this historical era and today's economic landscape, highlighting the modern fascination fueled by media portrayals. The podcast examines how historical wealth influences current politics and the ongoing struggle against income disparity. Finally, it ponders whether a new progressive movement may arise as society grapples with these age-old issues, making for a compelling examination of past and present.
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The Birth of Modern America
- The Gilded Age was the birth of modern America with rapid industrial and technological growth.
- It transformed the economy and society radically, introducing skyscrapers, railroads, and telecommunications.
Gilded Age Inequality and Corruption
- The Gilded Age had huge wealth inequality and social discontent despite economic expansion.
- Corruption and exploitation were rampant, with wealthy elites influencing politics heavily.
Modern Parallels to the Gilded Age
- Modern America shares striking parallels with the Gilded Age in wealth inequality and corporate influence.
- Today's wealthiest hold a large share of wealth and influence politics much like 19th-century tycoons.