Income Inequality In The 1920's

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Pages: 3

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…
She has long been a lifetime champion of income inequality. Throughout her Senate career, Hillary Clinton was a staunch supporter of increasing the minimum wage and voted repeatedly to protect and increase it. Clinton supported progressive tax policies that required millionaires to pay their fair share. She opposed the Bush tax cuts in 2001 and 2003, and she supported a variety of middle-class tax cuts, including tax credits for student loan recipients, and keeping in place the tax cuts for those who make under $250,000 a year. Clinton has said “that inherited wealth and concentrated wealth is not good for America,” and she has consistently voted against repealing the estate tax on millionaires, doing so in 2001, 2002, and