The rise of entrepreneurship during the Gilded Age most affected the overall economy by driving innovation, fostering competition, and spurring economic growth. Entrepreneurs during this period were instrumental in developing new industries, such as railroads, steel, and oil, which transformed the economic landscape. Their innovative ideas and business practices helped create jobs, increase productivity, and expand markets, contributing significantly to the overall prosperity of the economy. Additionally, entrepreneurship during the Gilded Age played a key role in shaping the modern capitalist system and laying the foundation for future economic development.
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