Donald Trump's Empty Promises Are Catching Up to Him

[Wiz Imp]

14. "We were at our richest from 1870 to 1913."

The truth:

But White said those years were marked by erratic economic growth, and those upturns were mostly fueled by millions of immigrants joining the U.S. workforce. Indeed, the number of U.S. residents jumped from 38.5 million-plus in 1870 to more than 106 million by 1920.

Another factor was the seizing of land from Native Americans during U.S. expansion west. That meant exploiting natural resources along the way — including gold, silver, timber, grazing and farmland, as well as coal, copper and oil, especially after the discovery of the Spindletop geyser in Texas in 1901.

Average wages rose, but so did inequality, with almost no social safety net. Working conditions were often so abhorrent, meanwhile, that the labor movement began gaining strength, as did progressive politicians clamoring for breaking up monopolies.

“This is the height of antimonopoly, political turmoil, the rise of labor in the United States,” said White, author of “The Republic for Which it Stands: The United States during Reconstruction and the Gilded Age, 1865-1896.” “And the reason was, people did not regard this as a particularly healthy economy.” In fact, despite the growth, standards of living fell, including life expectancy and key health indicators, White said.

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