How was wealth distributed in colonial North America?
A) Wealth was equitably distributed across races.
B) Wealth was equitably distributed among White people.
C) Wealth was concentrated in the hands of very few White families.
D) Although wealth was inequitable, people accepted economic inequality as God's will.

Question

Quizplus · Accepted Answer

Wealth was concentrated in the hands of very few White families. While there were wealthy individuals of different races, the majority of the wealth in colonial North America was held by a small number of White families, particularly those involved in the slave trade and other lucrative industries. This pattern of wealth inequality persisted throughout much of American history.

How Was Wealth Distributed in Colonial North America