Golden age gives extra output on every single square.
It triggered by a wonder or by a civ-specivic unit that wins a battle.
That means that civs with early civ-specific units (Babylonians,...) get their golden age pretty quick while others (Americans,...) usually triggers it by wonders or have to wait a loooooong time for it.
Still a debate going on what's best ; an early golden age to give your civ a head start or a golden age in the latter game.
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