Prior to the 1960s, _____.

Question

Quizplus · Accepted Answer

Prior to the 1960s, American savers were spread across all categories of the income scale, as there were fewer barriers to entry for investing and saving. It was not until later decades that the majority of American savers became concentrated in higher income brackets. Option B is false as the US has always been a major generator of financial capital, even before the 1960s. Option C is false as the capital gains tax has fluctuated over time and was not consistently at an all-time high prior to the 1960s.