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Trump loves the Gilded Age and its tariffs. It was a great time for the rich but not for the many – AP

“Experts on the era say Trump is idealizing a time rife with government and business corruption, social turmoil and inequality. They argue he’s also dramatically overestimating the role tariffs played in stimulating an economy that grew mostly due to factors other than the U.S. raising taxes on imported goods…

“The Gilded Age featured extraordinary wealth for a small class of people that largely obscured rampant poverty for many other Americans. The name comes from a 1873 novel, co-written by Mark Twain, which satirized the greed and deceit of the era’s government and politicians.”


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