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Friday, December 5, 2025

Trump loves the Gilded Age and its tariffs. It was a great time for the rich but not for the many

Trump loves the Gilded Age and its tariffs. It was a great time for the rich but not for the many

By WILL WEISSERT, AP

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

It was the Gilded Age, a time of rapid population growth and transformation from an agricultural economy toward a sprawling industrial system, when poverty was widespread while barons of phenomenal wealth, like John D. Rockefeller and J.P. Morgan, held tremendous sway over politicians who often helped boost their financial empires.

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