During the Gilded Age, which of the following could be said of the wealthy in America?
A) The number of millionaires actually decreased significantly, but they were far wealthier than they had been previously.
B) The gap between rich and poor was in many ways beginning to close, as most wealthy individuals engaged in important philanthropy projects.
C) Many of the newly rich engaged in "conspicuous consumption," such as through elaborate parties, making class divisions appear more pronounced.
D) As the rich got richer, the standard of living in the United States plummeted such that living there became less enticing to potential immigrants.
E) Rags-to-riches stories abounded in such a way that this trajectory became the new norm for most Americans.
Correct Answer:
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