Question

"The Great Divergence: Growing Income Inequality Could Destabilize the U.S. So Why Isn"t Anyone Talking about It?" Timothy Noah
Examining the historical status of income inequality in the United States, Timothy Noah paints a picture that shows just how much worse economic disparity has become. In 1915, Willford I. King was troubled by the fact that the top 1% of earners possessed 15-18% of American wealth. Today, that figure is closer to 24%. Income equality was more consistent following the Second World War and into the 1950s and 1960s, but the following decades saw the separation begin to grow dramatically. Noah argues that income inequality is ignored by most of the population due to a long-standing belief in social mobility, and that hard work and intelligence can allow anyone to move to a higher income bracket. He also illustrates the point how with the "Great Divergence", American economic inequality is more significant than in Latin American nations where it is always assumed to be a long-standing problem.
Economic historians Goldin and Margo named the income distribution stability of the 1950s and 1960s the
a. Great Compression
b. Great Divergence
c. Great Recession
d. Great Sustaining

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