* Superficial Prosperity: The period saw tremendous economic growth, particularly in industries like steel, railroads, and oil. This created an illusion of prosperity and advancement, with a glittering exterior masking the underlying social and economic problems.
* Corruption and Inequality: The rapid growth and wealth creation were often built on corruption, exploitation of workers, and unchecked monopolies. This led to a massive wealth gap and social unrest, with the benefits of the "gilded" prosperity being enjoyed by a select few.
* Political Incompetence: The era was marked by political corruption, ineffective government, and a lack of social conscience. Politicians were often beholden to powerful interests and lacked the will to address the growing social problems.
The analogy of "gilding" is key: Gold plating something makes it appear valuable and beautiful on the surface, but underneath it might be something cheap and worthless. The term aptly reflects the superficiality and hypocrisy of the era, where the outward appearance of progress masked deep-seated social and economic inequalities.