Question

Which statement BEST describes the distribution of wealth in the United states in 1890?

A) it was evening out across the classes.
B) the working class was beginning to see a higher percentage of wealth.
C) those living in the top ten percent held almost three-quarters of the wealth.
D) the upper classes were losing a percentage of the wealth at high rates

Answer 1

C. The 1890s were in the midst of what is called the Gilded Age, which consisted of an immense wage gap (the second largest in US history, next to modern day). The top ten percent of the population held about 70% of the wealth.