By 1900, many Americans believed inequality doomed their country to revolution. There was a widespread fueling that democracy was dead, and the plutocracy owned everything.Read more
Nor is a decadent society incapable of progress. America underwent vast technological progress and economic expansion during the First Gilded Age (1870-1910). Remember, the First Gilded Age was the era of Edison and Telsa. First Gilded Age American inventions include the light bulb, the phonograph, the telephone, accelerated current, electric trains, and consumer culture.Read more
Black Monday; 19 October 1987, is among the scariest stock market crashes in human history.
To explain, stock markets throughout the world fell by over 20% in a single-day on Black Monday and nobody knows why.