In 1845,the richest 4 percent of population of New York City owned how much of the city's individual wealth?

Question

Quizplus · Accepted Answer

The question states that the richest 4 percent of the population owned a portion of the city's individual wealth. Therefore, the answer must be greater than 4 percent. Option A is too low. Option B is possible but not the correct answer. Option C is possible, but option E is a better choice because it is a more extreme and likely accurate representation of wealth inequality in 19th century America. Option D is not as extreme as option E, so E is still the better choice.

In 1845,the Richest 4 Percent of Population of New York