Author Question: What impact did the wartime economy have on the distribution of American incomes? A) The ... (Read 19 times)

HCHenry · **on:** Jul 4, 2018

What impact did the wartime economy have on the distribution of American incomes?

A) The proportion of wealth controlled by the richest 5 percent of the population soared to nearly one-third.
B) The proportion of wealth controlled by the poorest 20 percent of the population dropped to about 10 percent.
C) The earnings of the middle class doubled.
D) The middle class stagnated as it found itself caught between wage freezes and soaring inflation.
E) The poor sank deeper into poverty because the focus was on foreign affairs rather than their plight.

Question 2

The various federal agencies created during World War II to coordinate the war effort did all the following except

A) limit or stop the production of civilian goods.
B) impose strict ceilings on corporate profits.
C) mediate disputes between management and labor.
D) impose strict price controls.
E) allocate materials.