Golden age in America according to Milton Friedman

No income tax Government spending was small Open immigration because welfare didn’t exist Immigrants actually wanted to assimilate and learn English

1897 commemorated the diamond 💎 jubilee for queen Victoria in England

USA also surpassed Great Britain as the largest economy

The greatest gains in life expectancy happened during this period

Peace and prosperity

The Spanish American war in 1898 was a trivial diversion

Edit: I forgot to add it was also the most charitable and philanthropic period. Schools and universities and hospitals were built and established. Red Cross was established. Rockefeller and Carnegie and Ford were great entrepreneurs and philanthropists