What happened to the global distribution of wealth by the end of the twentieth century?
A) The distribution of wealth became more egalitarian than it had previously been.
B) Wealth became concentrated in small groups of rich people scattered around the world.
C) Access to wealth required turning away from the global economy.
D) Regional disparities of wealth decreased as manufacturing industries spread wealth to the workers.

Question

Quizplus · Accepted Answer

By the end of the twentieth century, wealth had become increasingly concentrated in small groups of rich people around the world, leading to a widening gap between the rich and the poor. This was due in part to globalization and the rise of neoliberal economic policies that favored the interests of the wealthy and corporations over the working class and poor. The top 1% of the global population currently holds more wealth than the bottom 50%.

What Happened to the Global Distribution of Wealth by the End