Question

What does Truman mean when he says "We have rejected the discredited theory that the fortunes of the Nation should be in the hands of a privileged few"? When a few Americans are wealthy, that benefits all of society. Americans should focus on using a "trickle-down" system in their economy. Wealth should be enjoyed by all Americans.

Answer 1

The correct answer is C) wealth should be enjoyed by all Americans.

What Truman meant when he said “We have rejected the discredited theory that the fortunes of the Nation should be in the hands of a privileged few” was that wealth should be enjoyed by all Americans.

During his State of the Union Adress of 1949, President Harry S. Truman expressed the quote above. The economy of the United States was transitioning from a wartime to peacetime and people were demanding more jobs and the opportunity to improve their living conditions.

Harry Truman (1884-1972) became the 33rd President of the United States after the death of Franklin D. Roosevelt.