Question

Inequality in the country had not gotten better after the Gilded Age, in fact by 1912 2% of all Americans controlled 60% of the wealth of the nation.

Group of answer choices

True

False

Answer 1

Answer:

That statement is true

Explanation:

The income generated by the previous generation usually passed through the second generation through inheritance.

By the time the second generation become an adult and compete with one another, the generation that received large inheritance can compete with overwhelming advantage against the poor generation that grow up without inheritance. As a result, the gap of income became even wider.