What were the consequences of the widening gap between the wealthiest Americans and the rest of American society in the 1980s?
What will be an ideal response?
The ideal answer should include:
1. During the 1980s, real wages declined for most Americans, while wealthy Americans grew richer.
2. A series of corporate mergers and consolidations further enriched well-off Americans, as did financial speculation and manipulation on Wall Street.
3. This explosion of wealth at the top fueled an emerging culture of extravagance.
4. As the affluence gap widened, the broad middle class watched its job security slip.
5. The poorest Americans grew even poorer in the 1980s. Homelessness increased, as did childhood malnutrition.
6. Despite Reagan's record, he continued to enjoy the support of many union members and other blue-collar workers.
You might also like to view...
The Wars of the Roses refers to a civil conflict in
A) England. B) France. C) Spain. D) Germany. E) Italy.
Zoot suits were flamboyant fashions worn by women
a. True b. False Indicate whether the statement is true or false
Ivan III is associated with which of the following?
a. he drove out the Mongols. b. he established his authority over all other Russian states. c. all of these answers are correct. d. he was the ruler of Muscovy with his capital at Moscow. e. his concern to create buffer lands around the core of Russia to prevention of invasions.
What limited the executive power of the consuls?
A) term limits of five years B) dividing the power of the office between two consuls C) preventing them from military service D) making them voting members of the assembly E) taking them solely from the lower classes