After World War II, the United States was strongly influenced by Fordism. There was unprecedented industrial growth, with government stepping in to regulate some aspects of corporate behavior. What was the tax structure imposed on the country at that time and what side effect did it have?
A) A high marginal rate was imposed on the very wealthy, which helped moderate inequality.
B) A low marginal rate was imposed on the very wealthy, which helped moderate inequality.
C) The very wealthy were given tax exemptions that allowed employment to flourish.
D) The very wealthy were given tax exemptions that created high unemployment.
Correct Answer:
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