Trump's idealized U.S. Gilded Age

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President McKinley

PBS

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Business

Business & Economics

Trump has touted Gilded Age tariffs, an era which saw industrial growth together with poverty

Summary

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68% Informative

In President Donald Trump 's idealized framing, the U.S. was at its zenith in the 1890s , when top hats and shirtwaists were fashionable and typhoid fever often killed more soldiers than combat.

The desire to recreate the Gilded Age is fueled by Trump ’s fondness for tariffs.

Experts on the era say Trump is idealizing a time rife with government and business corruption, social turmoil and inequality.

Trump has focused on how high tariffs after the Civil War helped the U.S. pay off debts and eventually achieve government budget surpluses.

But higher tariffs continued to increase the cost of living, which, coupled with a financial crisis in Great Britain , helped trigger the devastating economic depression known as the Panic of 1893 .

Trump is now promising that similar, reciprocal tariffs will take effect next month .

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semi-formal

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English

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