Question

During the 1920s income distribution favored the middle class which held 42% of the ubcome and wealth generated true or false

Answer 1

In fact, many experts believe that part of the reasons why the Great Depression happened in the 1930´s was because of the unequal distribution of incomes and richess between the great rich and the middle and lower classes. As seen in many research studies done, the income distribution during the 1920´s, which were dubbed as the "roaring twenties", even if that was only the case for a few people, were thus: only 1% of the population controlled more than 40% of the wealth in the country. In fact, the rift between the super rich and middle and lower classes was really strong and people began to need credits to be able to survive during this time. These factors added up and finally blew up when the Great Depression of the 1930´s hit. This is why the correct answer is FALSE.