WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
AMERICAN INDUSTRY DEVELOPMENT IN THE GILDED AGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A. none of the below
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B. both C and D
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C. The gave millions of dollars to help the poor, and they built libraries, universities, hospitals and museums.
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Their companies created jobs and produced useful products.
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Detailed explanation-1: -Sociologists generally posit three classes: upper, working (or lower), and middle. The upper class in modern capitalist societies is often distinguished by the possession of largely inherited wealth.
Detailed explanation-2: -It has assigned the quintiles from lowest to highest as lower class, lower middle class, middle class, upper middle class, and upper class. These definitions equate class with income, permitting people to move from class to class as their income changes.
Detailed explanation-3: -Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, property rights recognition, voluntary exchange, and wage labor.
Detailed explanation-4: -Today, celebrities, politicians, investors, and other wealthy individuals fall into this group. In the United States, those who lived-and continue to live-in leadership roles in society are often considered part of the upper class. These are people whose status has been passed down through generations.