Question
upstudy study bank question image url

Since 1935, the income distribution in the United States has a. widened slightly from 1935 to 1970 and then narrowed slightly from 1970 to today b. slowly narrowed c. slowly widened d. narrowed slightly from 1935 to 1970 and then widened slightly from 1970 to today

Ask by Burgess Long. in the United States
Mar 10,2025

Upstudy AI Solution

Tutor-Verified Answer

Answer

Income distribution in the U.S. narrowed slightly from 1935 to 1970 and then widened slightly from 1970 to today.

Solution

\[ \textbf{Step 1: Understand the Procedural History} \] Since the 1930s, the U.S. has seen significant changes in income distribution. After the Great Depression and during the New Deal, policies were implemented that reduced income inequality. This trend continued until around 1970. \[ \textbf{Step 2: Analyze the Time Periods} \] - From 1935 to 1970: Income distribution became more equal, meaning income inequality narrowed. - From 1970 to today: Economic trends, policy changes, and globalization contributed to a reversal of that trend, causing income inequality to widen. \[ \textbf{Step 3: Match the Observations with the Answer Choices} \] - Option (a) states that income disparity widened first and then narrowed; this is the opposite of the observed trend. - Option (b) states a continual narrowing of income distribution, which does not align with recent trends. - Option (c) states a continual widening of income distribution, which ignores the narrowing trend from 1935 to 1970. - Option (d) matches the historical trend: \(\textbf{narrowed slightly from 1935 to 1970 and then widened slightly from 1970 to today}\). \[ \textbf{Conclusion} \] The correct answer is: \[ \textbf{d. narrowly from 1935 to 1970 and then widened slightly from 1970 to today.} \]

Answered by UpStudy AI and reviewed by a Professional Tutor

error msg
Explain
Simplify this solution

The Deep Dive

To add a dash of historical context, let’s take a stroll down memory lane! Between 1935 and 1970, the U.S. witnessed a significant expansion of the middle class due to post-war prosperity, economic policies, and social programs that boosted the earning potential for many. However, since the late '70s, factors including globalization and shifts in technology have contributed to a widening income gap, making wealth distribution more unequal in recent decades. Now, considering real-world application, understanding income distribution isn’t just a number’s game; it’s vital for policymaking and economic strategies. When we see widening income gaps, it can prompt discussions about tax reforms, minimum wage laws, and social safety nets aimed at reducing inequality. Tracking these changes helps citizens stay informed and advocates for change, stimulating a healthier economy for everyone!

Try Premium now!
Try Premium and ask Thoth AI unlimited math questions now!
Maybe later Go Premium
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy