All of the following factors contributed to explosive economic growth during the Gilded Age EXCEPT:

Question

Quizplus · Accepted Answer

Low tariffs were not a major factor in the explosive economic growth during the Gilded Age. In fact, during this time period, tariffs were generally high and protected American industries from foreign competition. The other options listed, such as availability of capital, abundant natural resources, and federal land grants to railroads, all played significant roles in spurring economic growth.

All of the Following Factors Contributed to Explosive Economic Growth