Wealth Inequality Research Paper

Inequality and wealth distribution continues to astound people, the early 1940’s -1970’s taught americans what egalitarian society was and how we equally prospered. The great expansion, inflation and recession are some of the key factors that played a major role in driving egalitarianism to extinction. However, how has the unequal wealth distribution affected us over all and how are we handling it today. During the late 1940’s early 1970’s, after World War Two, America entered into an egalitarian society where the wealth of the people increased at the same rate no matter the class. According to the Center of Budget and Policy priorities (CBPP), a research institute founded in 1981, dedicated to analyzing the influence of Federal and State

This directly resulted in creating classes, people who had private property exploited their natural resources and ultimately used dominance to create a higher class. The New Scientist a scientific magazine that covers a broad variety of subjects, including inequality in wealth distribution, was founded in 1956. An article published expressed, “we began to use up natural resources and needed to venture ever further afield to seek them out. This expansion bred conflict and conquest, with the conquered becoming the underclass” (Rogers 2012). Hierarchy was created by private property, expansion and exploiting natural resources which lead to different classes. Furthermore, the article declared “ In other words, inequality did not spread from group to group because it is an inherently better system for survival, but because it creates demographic instability, which drives migration and conflict and leads to the cultural – or physical – extinction of egalitarian societies” (Rogers 2012). Expansion was the direct result of the inflation of the 1970’s where unemployment reached double digits, interest was raised to twenty percent and the stock market lost forty percent in a eighteen month period. Ultimately egalitarian societies were driven to extinction by multiple factors one being the expansion which lead us to