a bit of respect., page-11

Clarification.

The United States economy experienced higher rates of growth before, but with Major crises between growth periods.

An example.

"During the period, a series of recessions happened.
Panic of 1873 had New York Stock Exchange closed for ten days, of the country's 364 railroads, 89 went bankrupt, a total of 18,000 businesses failed between 1873 and 1875, unemployment reached 14% by 1876, during a time which became known as the Long Depression.
The end of the Gilded Age coincided with the Panic of 1893, a deep depression that lasted until 1897 and marked a major political realignment in the election of 1896."