Farming Economics in the Late 1800's

The Return of Agrarian Values
Capitalism is the foundation of America and its opportunities; however, in the time period known as the Gilded Age the many flaws of capitalism were easily seen in the corrupt society. When the United States was founded the farmer was the cornerstone of the nation’s society. Their views were greatly respected by almost every politician in the country, especially those who believed in the Jeffersonian Ideal. It stated that the agrarian system was the best possible way of life for Americans and that farmers were to be highly respected, as they were the key to life in America. Eventually that began to change as industry became a huge part of the country and the rich industrialists gained political power. The new industry also worked against the farmers as it provided technological innovations that increased production so much, the market was flooded with farmers’ products, drastically reducing prices and profits. Also, with the monopoly of the...