This article is a great explanation of some of today’s economic issues. It gives insight into the economic issues that we still face today and how economic inequality is still of relevance in modern America. Economic inequality refers to how economic metrics are distributed among individuals or groups. In this particular article the economic inequality is applied to America’s economic status. The article explains how the wealth gap is fueled in part by demographics; where you come from and where you live can play a role in how much money you make. The wealth gap is also partly attributed to the globalization of the market. It refers to how jobs that were once held by Americans have made their way over seas for cheaper labor. In the article …show more content…
I think this relates to the gilded age and the textbook, because in the gilded age Americans were asking that same question. The textbook brings up social Darwinism, which was a popular idea in the gilded age. Social Darwinism was the idea of competition in social progress and how wealth was a sign of “fitness” whereas poverty was a sign of “unfitness” for survival. The textbook mentions a quote by William Sumner, “The drunkard in the gutter is just where he ought to be, according to the fitness and tendency of things. Millionaires are the product of natural selection, they get high wages and live in luxury. The bargain is a good one for society” (Sumner 528). This quote explains how people viewed Social Darwinism. This shows that in the gilded age views were more extreme than they are today, but in todays world people are still making lots of money on the top of the economy and others are not. In the gilded age there was also an extreme wealth gap, just as there is still a wealth gap today. Another way that the textbook relates is it talks about how in the gilded age America was working towards becoming a superpower and economically advanced worldwide. The textbook mentions this here, “By the end of the nineteenth century, the country had achieved industrial maturity. It boasted the largest, most innovative, most productive economy in the world. No other era in the nation’s history witnessed such a transformation” (Roark 543). This quote explains that at this time period America was at its prime. In the article the author mentions a related matter. Senator Tim Kaine said, “We are either going to be the leaders, like we have been since World War II, or we’re going to step back and let other do it.” Kaine is bringing up the fact that America may step back for a change. Another
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The era after Reconstruction and 1900 is often referred to as the 'Gilded Age'. The Gilded age was a period where rapid change in the economy, but also in the population of the U.S. The name ‘The Gilded age’ was given by Mark Twain in a book, gilded means golden on the outside but not golden on the inside. Mark Twain referred to this as the Gilded Age because he believed that the greed for wealth was a cover for crime, fraud, bribery and corruption. This era lasted from 1860-1910.The overall aspect of this era was to expand industrialization.
Was Mark Twain correct in calling the Gilded age? “Even though the era following the Reconstruction was one of the great invention and economic growth, all did not share in that prosperity.” For example according to Introduction to American History in 1860’s and 1900’s the millage of railroads increased from a 30,000 miles to a 193,000 mileage. One million to ten millions and the number of workers from 1.3 million to 5.3 million.
“During the Gilded Age, large numbers of businessmen and middle-class Americans adopted the social outlook known as Social Darwinism” (Foner, Vocies of Freedom, II, 32).William Graham Sumner however, represented Social Darwinism (a derivative of Charles Darwin’s theory), in order to oppose Andrew Carnegie’s theory; Sumner believed that we can’t separate from racism and he advocated “survival of the fittest”. Many opposed of, Social Darwinism, including, Henry George a journalist who wrote “Progress and Poverty” , in 1879- George wanted to prevent the economy from advancing into a depression therefore his solution was the ‘single tax’. The
Carnegie immigrated at age thirteen from Scotland and worked his way up by developing the telegram system during the civil, there collecting his first million then dominated the steel industry; thereafter prospering his enterprise, which leads him to be the second richest man after Rockefeller. “The American Dream”, envisioned by our Founding Fathers, is a revolutionary idea that any citizen has an equal opportunity to prosper by challenging themselves and through an initiative, and determination. This gives” Wealth” much more of an impact thus, many Americans consider ‘The American Dream” as a standard and praise this idealism. Even if his views seem a bit outdated; it stills heavily impacted lots of Americans from the Gilded Age to modern day. However, for all that prosperity, the gap between rich and poor has always been a huge complication, for over a century, people have tried to fix this inequality.
Carnegie, Conwell, and Alger Advocates of Wealth for All During the late nineteenth century, a form of Social Darwinism emerged called the Gospel of Wealth also known as the Success Gospel. Social Darwinism is “Herbert Spencer’s adaptation of Charles Darwin’s concepts of natural selection and “survival of the fittest” as it applies to human society” (Nash p. 417). Social Darwinists believed that the social order was the product of the natural selection of the individuals that were best suited for the existing living conditions. These individuals were white, Anglo-Saxon, wealthy men.
Nowadays, it seems as if everyone wants to become rich. However, the large sum of money that is needed in order to be qualified as wealthy All throughout history different races and ethnicities have been restrained, in America this is especially true. Different scenarios in America’s past have had a lasting effect on the average wealth of different races because inheritance can add wealth to a family or individual. African Americans were once enslaved and denied their own civil rights, and in today’s world they face discrimination. These factors have affected the amount of money they will have on average because discrimination and racial stereotypes can prevent them from getting jobs and others may not see their full potential.
Throughout history Americans have experienced a decline in economic equality; the difference in earning between the rich and poor has steadily risen. This slow progression of the working class growing distant from the 1%, or those that hold the majority of wealth in America, is believed to have begun in 1973. Inegalitarians such as George Sher, a professor of philosophy at Rice University and author of “Equality for Inegalitarians”, agrees and is fighting to combat against this inequality by exploiting the truth about why he feels that the majority of Americans are not equal economically. In order to find a solution to this problem, he believes that we should be focused as a nation on opportunity, not equality.
After the civil war, the United States began to enter a period of time filled with prosperity, development and economic growth known as industrialization. Even though this period of time generated immense amounts of wealth, it also created economic and social divides. A man by the name of Andrew Carnegie responded to the many problems caused by industrialization by using both Social Darwinism and by writing and endorsing his own book The Gospel of Wealth, while at the same time a man by the name of Upton Sinclair directly opposed the injustices of corrupt industries and spoke out against inequality. Andrew Carnegie was a believer in Social Darwinism, because of this he tried to reason uneven distribution of wealth by using both Darwinistic
There are above average and below average graphically have lined-up on the recent graphs. The marginal comparison has shown according to the existing level of financial reports. Economic inequality in the U.S. has been differentiated widely based on the income level of every state. If the state has been generated more income and accumulate financial stability, then, the financial distribution among the citizens of that state will be fair. For example, in New York, their income has been accumulated above the average per capita, because of increasing businesses and other private sectors that have generate shared-income.
This widened gap in income distribution inhibits equal opportunity distribution. In addition to being inaccurate, today’s distorted version of American Dream is also prejudiced, making it unattainable for the bottom 90 percent of Americans today. In By Our Own Bootstraps Michael W. Cox and Richard Alm believe, “There’s no denying that our system allows some Americans to become much richer than others.” (Cox & Alm 66).
For my final argumentative essay, I have chosen the topic wealth disparity. In my opinion, this topic needs to be research more in depth. The problem of wealth disparity is not just a national societal problem, but global societal problem. The distribution of wealth nationally has created social class system of the haves, and have nots, moreover, wealth disparity or wealth distribution; for example, there is wealth disparity between blacks and whites in America. In compelling surveys done by the United States Census Bureau, show that white men on a whole annual salary are higher in comparison to black
Rhetorical Analysis: Richer and Poorer In the essay “Richer and Poorer” written by Jill Lepore and published in the New Yorker in March 16, 2015. She argues how the united states has the largest economic inequality in the world and how it’s been going on for years. The audience they are pursuing for this paper are those who are either well educated, those who are updated in recent political regimes, and those who must stomach economic inequality. Ms. Lepore states evidence amidst other authors, stories, and numbers based on research from the Gini Index, which is amongst other parts throughout their paper.
We focus on how people are doing financially based on their income, wages and average salary. What we really need to focus on is wealth inequality. According to the study, “wealth refers to the value of your assets, such as money held in checking or savings accounts….minus the value of your liabilities or debts” (Study, Democracy Now!). Wealth is very important, and with financial hardships in the United States it is even more important for people to have wealth.
‘No one should be four times richer than the poorest member of the society’, expressed his view famous ancient philosopher Plato (cited in Atkinson, 2015, p 13). Probably, since the start of the Industrial Revolution, 19th century, economic inequality between people increased excessively. At present, surprisingly, the 62 richest billionaires’ wealth is equal to that of half of the poorer population of the world (Davos, 2016). It means that minority of the people are enjoying luxury life while the others are struggling even to find a piece of bread to survive in this unequal world. Now the gap between rich and poor is enlarging considerably; issues associated with inequality are getting worse constantly and the need to reform revealing