By 1890,the wealthiest 1 percent of the American population owned as much property as the remaining 99 percent.

Name: By 1890,the wealthiest 1 percent of the American population owned as much property as the remaining 99 percent.
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This statement is true. According to a study by economist Edward N. Wolff, in 1890 the top 1 percent of households in the United States owned 51 percent of the wealth, while the bottom 90 percent owned just 18 percent.

By 1890,the Wealthiest 1 Percent of the American Population Owned