Income Inequality In The 1920s Essay

The distribution of incomes and wealth in the 1920s and now are diverse but similar in several ways (Ucsc.edu). A person’s wealth is determined by what they own, not including any debts. A person’s income is how much money one may make on a job or money someone obtain. Income inequality is real and has affected people for many years, and it is still occurring currently. The distribution of wealth in the 1920s earned the name roaring twenties due to the sustained prosperity, new technology advancements, and exciting culture (Shmoop.com). The roaring twenties occurred after the time of World War 1, the land was now at peace. After they made the transition from the war, there was a sharp recession in 1920-1921, and unemployment was then at 11% (Shmoop.com). In this time period, the rich got richer and the middle class were more sustained. The Great Gatsby is a superb example of the decline of the 1920s in the U.S. The Great Depression began in 1929, although the 1920s were a successful time period. In 1929, the stock market crashed and billions of people lost their money, even the rich men and women. The

First of all, men and women should be given the same wage. Men and Women in the U.S. may work the same job but the male worker obtains a larger income, and that is not fair. Also, the rich should be monitored on how much money they may make. So many people in the U.S. are either in the lower and middle class percentile than being rich. The government should take from the rich and give to the poor. Also, the income one may make should also not be determined by ethnicity. Everyone should have an opportunity for equal pay in the United States. In conclusion, income inequality has been existent since the 1920s to now. These inequalities derive from ones ethnic background and gender. Income inequality is an unfair occurrence and should no longer exist. It is time to make income equality apart of 21st