Two factors that caused rapid economic growth during the Gilded Age were

Question

a decrease in steel production and a decrease in the value of goods.
an increase in prices and a decrease in the value of goods.
an increase in steel production and an increase in the value of goods.
an increase in prices and a decrease in steel production.

Answer 1

The correct answer is: an increase in steel production and an increase in the value of goods.

During the Gilded Age, the United States experienced rapid industrial growth, largely driven by advancements in steel production, which was fundamental for infrastructure development, including railroads, buildings, and machinery. This period also saw an increase in the overall value of goods as the economy expanded and consumer markets developed.