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History

1 answer:

dangina [55]3 years ago

4 0

Answer:

The need to reform policies and income distribution system has become inevitable.

Explanation:

Gilded age which occurred between 1870s to around 1900 was one the most prosperous period of the US history. It was period of rapid industrial and economic growth all over the country. However, there arose a great unrest during this period. The rich industrial owners and corrupt politicians accumulated great wealth by exploiting the common working class people.

Similarly, there are cases of such practices still prevailing today. With the onset of the pandemic, many workers and small businesses went bankrupt. However, rich business owners were the less affected ones. This is mainly due to income disparity. The working class people were earning just enough to make end's meet while the big business owners were accumulating huge profits throughout the years.

In other words, rich business owners were saving enough money to last a lifetime while the workers were paid just a little to sustain for a month. The income disparity among the rich and the poor have been clearly distinguished because of this pandemic.

The need to reform policies and income distribution system has become inevitable or else the rich will start getting richer while the poor will always remain poor.

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Answer:

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Explanation:

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