Gilded Age in the context of "Corruption in the United States"

The Democratic Party is a liberal political party in the United States. Sitting on the center to center-left of the political spectrum, it is the world's oldest active political party, having been founded in 1828. Its main rival is the conservative Republican Party, and since the 1850s both have dominated American politics.

It initially supported Jacksonian democracy, agrarianism, and geographical expansionism, while opposing a national bank and high tariffs. Democrats won six of the eight presidential elections from 1828 to 1856, losing twice to the Whigs. In 1860, the party split into Northern and Southern factions over slavery. The party remained dominated by agrarian interests, contrasting with Republican support for the big business of the Gilded Age. Democratic candidates won the presidency only twice between 1860 and 1908 though they won the popular vote two more times in that period. During the Progressive Era, some factions of the party supported progressive reforms, with Woodrow Wilson being elected president in 1912 and 1916.

Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a result of new trends in economic thinking about the inefficiencies of government regulation, and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, and thereby hurt consumers and the wider economy. Economic regulations were promoted during the Gilded Age, in which progressive reforms were claimed as necessary to limit externalities like corporate abuse, unsafe child labor, monopolization, and pollution, and to mitigate boom and bust cycles. Around the late 1970s, such reforms were deemed burdensome on economic growth and many politicians espousing neoliberalism started promoting deregulation.

The stated rationale for deregulation is often that fewer and simpler regulations will lead to raised levels of competitiveness, therefore higher productivity, more efficiency and lower prices overall. Opposition to deregulation may involve apprehension regarding environmental pollution and environmental quality standards (such as the removal of regulations on hazardous materials), financial uncertainty, and constraining monopolies.

The Grand Tour was the principally 17th- to early 19th-century custom of a traditional trip through Europe, with Italy as a key destination, undertaken by upper-class young European men of sufficient means and rank (typically accompanied by a tutor or family member) when they had come of age (about 21 years old). The custom—which flourished from about 1660 until the advent of large-scale rail transport in the 1840s and was associated with a standard itinerary—served as an educational rite of passage. Though it was primarily associated with the British nobility and wealthy landed gentry, similar trips were made by wealthy young men of other Protestant Northern European nations, and, from the second half of the 18th century, by some North and South Americans.

By the mid-18th century, the Grand Tour had become a regular feature of aristocratic education in Central Europe as well, although it was restricted to the higher nobility. The tradition declined in Europe as enthusiasm for classical culture waned, and with the advent of accessible rail and steamship travel—an era in which Thomas Cook made the "Cook's Tour" of early mass tourism a byword starting in the 1870s. However, with the rise of industrialization in the United States in the 19th century, American Gilded Age nouveau riche adopted the Grand Tour for both sexes and among those of more advanced years as a means of gaining both exposure and association with the sophistication of Europe. Even those of lesser means sought to mimic the pilgrimage, as satirized in Mark Twain's popular travel book The Innocents Abroad in 1869.

The Third Party System was a period in the history of political parties in the United States from the 1850s until the 1890s, which featured profound developments in issues of American nationalism, modernization, and race. This period was marked by the American Civil War (1861–1865), the Emancipation Proclamation and the end of slavery in the United States, followed by the Reconstruction era and the Gilded Age.

It was dominated by the new Republican Party, which claimed success in saving the Union, abolishing slavery and enfranchising the freedmen, while adopting many Whig-style modernization programs such as national banks, railroads, high tariffs, homesteads, social spending (such as on greater Civil War veteran pension funding), and aid to land grant colleges. While most elections from 1876 through 1892 were extremely close, the opposition Democrats won only the 1884 and 1892 presidential elections (the Democrats also won the popular vote in the 1876 and 1888 presidential elections, but lost the electoral college vote), though from 1875 to 1895 the party usually controlled the United States House of Representatives and controlled the United States Senate from 1879 to 1881 and 1893 to 1895. Indeed, scholarly work and electoral evidence emphasizes that after the 1876 election the South's former slave centers, which before the emancipation of Republican-voting African Americans was electorally dominated by wealthy slave owners who made up the southern base of Whigs, Know Nothings and Constitutional Unionists, began realigning into the Democratic Party due to the end of the now unpopular Reconstruction efforts; this new electoral base for the Democrats would finish realigning around 1904.

James Abbott McNeill Whistler RBA (/ˈwɪslər/; July 10, 1834 – July 17, 1903) was an American painter in oils and watercolor, and printmaker, active during the American Gilded Age and based primarily in the United Kingdom. He eschewed sentimentality and moral allusion in painting and was a leading proponent of the credo "art for art's sake".

His signature for his paintings took the shape of a stylized butterfly with an added long stinger for a tail. The symbol combined both aspects of his personality: his art is marked by a subtle delicacy, while his public persona was combative. He found a parallel between painting and music, and entitled many of his paintings "arrangements", "harmonies", and "nocturnes", emphasizing the primacy of tonal harmony. His most famous painting, Arrangement in Grey and Black No. 1 (1871), commonly known as Whistler's Mother, is a revered and often parodied portrait of motherhood. Whistler influenced the art world and the broader culture of his time with his aesthetic theories and his friendships with other leading artists and writers.

The nadir of American race relations is a historical period defined by Rayford Logan to encompass a time considered the worst for race relations in the United States. This period coincided with the Gilded Age, and includes the legal solidification of Jim Crow laws after the Reconstruction era, as well as the rise of lynchings and racial massacres. Its exact date range is not uniform amongst historians.

Logan determined in his 1954 book The Negro in American Life and Thought: The Nadir, 1877–1901 as the period when "the Negro's status in American society" reached its lowest point. He argued for 1901 as its end, suggesting that race relations improved after that year; other historians, such as John Hope Franklin and Henry Arthur Callis, argued for dates as late as 1923. References to a nadir continued to be used; most notably, it is used in books by James W. Loewen as recently as 2006, and it is also used in books by other scholars. Loewen chooses later dates, arguing that the post-Reconstruction era was in fact one of widespread hope for racial equity due to idealistic Northern support for civil rights. In Loewen's view, the true nadir only began when Northern Republicans ceased supporting Southern Blacks' rights around 1890, and it lasted until the United States entered World War II in 1941. This period followed the financial Panic of 1873 and a continuing decline in cotton prices. It overlapped with both the Gilded Age and the Progressive Era, and was characterized by the nationwide sundown town phenomenon.

John Pierpont Morgan Sr. (April 17, 1837 – March 31, 1913) was an American financier and investment banker who dominated corporate finance on Wall Street throughout the Gilded Age and Progressive Era. As the head of the banking firm that ultimately became known as JPMorgan Chase & Co., he was a driving force behind the wave of industrial consolidations in the United States at the turn of the twentieth century.

Over the course of his career on Wall Street, Morgan spearheaded the formation of several prominent multinational corporations including U.S. Steel, International Harvester, and General Electric. He and his partners also held controlling interests in numerous other American businesses including Aetna, Western Union, the Pullman Car Company, and 21 railroads. His grandfather Joseph Morgan was one of the co-founders of Aetna. Through his holdings, Morgan exercised enormous influence over capital markets in the United States. During the Panic of 1907, he organized a coalition of financiers that saved the American monetary system from collapse.