December 22, 2014

Homework Help: social studies

Posted by sam on Sunday, September 14, 2008 at 6:17pm.

can anyone help me with this chart

1. Distribution of Wealth in Colonial America 1700 1730 1760
Proportion of wealth held by the richest tenth… 45% 50% 54%
Median level of wealth (midpoint of all the wealth holders… L 50 L 55 L 60
Proportion of people with less than L 20 in property… 25% 30% 35%

L means pounds. The chart increases from 1700 to 1730 to 1760

Which of the following conclusions can be drawn from the table above?
a. An increasing concentration of wealth means that a few benefit at the expense of everyone else.
b. A rising proportion of men without property is bad for everyone.
c. Even when the rich have more property and the poor less, the rest of the people may increase their wealth.
d. An increase in the median level of wealth means that everybody is better off.
e. During the period 1700-1760, only the richest men increased their wealth.
I think the answer is A

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