Which of the following is true concerning the distribution of wealth in the United States between 1800 and 1860?
A) Wealth was distributed more equitably throughout society.
B) There was no significant change in the distribution of wealth during that time.
C) Wealth was concentrated in the hands of a relatively small number of people.
D) There was a redistribution of wealth from the wealthiest families to middle-class families.

Question

Quizplus · Accepted Answer

During the early 19th century, wealth was concentrated in the hands of a relatively small number of people, particularly in the Northeast where industrialization led to the growth of wealthy merchant and manufacturing families. This concentration of wealth continued to increase throughout the antebellum period.

Which of the Following Is True Concerning the Distribution of Wealth