Income inequality in the United States was not constant throughout the twentieth century.When was it lowest?

Question

Quizplus · Accepted Answer

During this period, the US economy experienced a strong period of economic growth and prosperity, driven in part by government policies such as the New Deal, the GI Bill, and the expansion of the welfare state. This led to a significant reduction in income inequality, as the benefits of economic growth were shared more broadly across society. However, since the 1980s, income inequality has been on the rise once again, driven in part by the decline of unions, the erosion of progressive taxation, and the growth of the financial sector.

Income Inequality in the United States Was Not Constant Throughout