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#concentrationofwealth

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"The McKinley years were those of the Gilded Age, in which industrialists amassed fortunes that they spent in spectacular displays. Cornelius and Alva Vanderbilt’s home on New York’s Fifth Avenue cost more than $44 million in today’s dollars, with stables finished in black walnut, cherry, and ash, with sterling silver metalwork,"

#Trump #GildedAge #1890s #McKinley #tariffs #EconomicDisparity #ConcentrationofWealth #RobberBarons
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Both Heather Cox Richardson and Kevin Kruse, accomplished historians each of them, comment on Trump's recent paean of praise to President McKinley and the Gilded Age — an age to which he promises to take us back if we give him the presidency again.

"By pointing to McKinley’s presidency to justify his economic plan, Trump gives away the game."

#Trump #GildedAge #1890s #McKinley #tariffs #EconomicDisparity #ConcentrationofWealth #RobberBarons
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heathercoxrichardson.substack.

Letters from an American · October 5, 2024By Heather Cox Richardson