Understanding the Gilded Age

The video discusses the concept of the Gilded Age, a term coined by Mark Twain, which refers to a period where a small portion of the population held significant wealth. It compares the wealth distribution of that era to the present day, noting that the wealthy remain a small part of the population but with greater proportional wealth. The term 'Second Gilded Age' is introduced as a modern media-coined term to describe the current economic disparity.

Who coined the term 'Gilded Age'?

• Charles Dickens

• Mark Twain

• Ernest Hemingway

• Jane Austen

What does the term 'Gilded Age' refer to?

• A large middle class

• A small wealthy segment of the population

• A time of technological advancement

• A period of war

How does the wealth of the rich today compare to the original Gilded Age?

• It is not comparable

• It is proportionately greater

• It is about the same

• It is less than it was

What is the 'second Gilded Age'?

• A term for a new technological era

• A novel by Mark Twain

• A phrase used by the media to describe current economic conditions

• A historical period in the 1800s

Why is the term 'second Gilded Age' used?

• To explain a baffling economic situation

• To describe a period of peace

• To refer to a cultural renaissance

• To highlight a new political movement