1. Unequal distribution of wealth. There was not a large middle class. <span>While wages were rising for the majority of workers, they were not keeping pace with the increase in the cost of living or the wealth in the hands of the industrialists and others in the upper income classes. </span> <span>2. There was over speculation in the Stock Market, which was not regulated. </span>
It granted citizenship to all persons born or naturalized in the United States including former slaves, and guaranteed all citizens “ equal protection of the laws”