Income Inequality In The 1920's

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Unequal distribution of wealth has been a natural occurrence in America for the last century. During the 1920’s, America bounced back from a year long standstill with labor unions who were damaging the economy due to the major role the industries they targeted played in the economy. the steel industry and blank were some of the industries targeted whose influence over the economy was in part small. Having combated an economy on the verge of collapse in 1919 by a collective of industries raising worker's pay,America experienced its first golden age. The 1920’s gave rise to economic wealth amongst the wealthy and the middle class. It brought inventions such as the assembly line and blank to be realized. However, what erupted as a prosperous economy in the 1920’s had a number of implications of income inequality. 22% of all wealth was concentrated to 1% of the population compared to the 88% of wealth that was scattered amongst the 99%. Conversely, the 1920’s was the period where income inequality experienced its lowest levels between the wealthy and the middle class. It was after the …show more content…
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