President Donald Trump recently made headlines by declaring that his second term would usher in a new “golden age” for the United States. But critics are quick to point out that the current era feels more like the Gilded Age—a time of massive wealth disparity and industrial growth in the late 19th century.

So, what’s the connection? Experts suggest there are striking similarities, but also key differences. During the Gilded Age, industrial giants like Rockefeller and Carnegie amassed huge fortunes while inequality soared. Today, figures like Elon Musk dominate headlines, and Trump’s policies often align closely with the wealthy.

Historians note that both eras share a focus on tariffs and government subsidies for big business. Trump’s admiration for William McKinley, a Gilded Age president known for his tariff policies, adds another layer to the comparison. McKinley’s tariffs were politically controversial, much like Trump’s trade policies today.

But there are also notable contrasts. The Gilded Age saw the rise of civil service reform, while Trump has sought to expand executive control over federal agencies.

Another parallel? Speculation. Just as the Gilded Age was marked by risky financial bets, today’s meme stocks and cryptocurrencies like Bitcoin have turned investing into a high-stakes gamble.

While Trump touts a golden future, critics argue the nation is slipping back into a gilded one—glittering on the surface, but riddled with cracks underneath. Whether this comparison holds up may depend on how history remembers this era.

What do you think? Is America heading for a golden age or a new Gilded Age? Share your thoughts with us!