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Progressive Era reformers tried to reduce the gap in wealth between the rich and the poor by attacking the harsh conditions endured by miners, factory workers and other laborers, and fighting for social welfare laws to help children.

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22h ago

advocating for policies like regulating big businesses, implementing progressive taxation, setting minimum wages, and promoting workers' rights to address income inequality.

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Q: Progressive Era reformers try to reduce the gap in wealth between the rich and the poor by?
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What does it mean to redistribute the wealth?

Redistributing wealth involves transferring money or resources from those with more to those with less, aiming to reduce economic inequality. This can be done through policies like progressive taxation, social welfare programs, and wealth inheritance taxes. The goal is to create a more equal distribution of wealth in society.


What was the relationship between social status and wealth in early American history?

In early American history, social status and wealth were closely intertwined. Wealth was a key factor in determining one's social standing, with individuals of higher wealth generally holding higher social status and influence. Social mobility was limited, with class distinctions often aligning with economic disparities.


What of the following statements it was a key ideas expressed by socialist?

Socialists emphasize the idea of collective ownership and control over the means of production to create a more equitable society. They advocate for the redistribution of wealth and resources to reduce social inequalities.


Which is distributed more unequally in US income or wealth?

Wealth is distributed more unequally in the US compared to income. The top 1% of households in the US hold a disproportionate amount of the nation's wealth, with a significant wealth gap between the richest and poorest individuals. This inequality in wealth distribution has long-term implications for economic stability and social mobility.


Does the goverment redistribution of wealth work?

Government redistribution of wealth can help address economic inequality and provide support to those in need, but its effectiveness can vary depending on the specific policies and implementation. While it can help reduce poverty and create a more equitable society, it may also face challenges such as administrative costs, potential negative incentives, and differing views on the role of government in the economy.

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