From a financial point of view, the best time to live, work, or open a business in the United States was between the 1940s and the 1960s. Although racism, sexism, and anti-communist witch hunts were significant social issues, overall income equality was higher than at any other point in American history. This period is called the Great Compression because it immediately followed (and undid the effects of) the Great Depression.
Related Video: The History of Income Tax in America
What Was the Great Compression?
Why Did the Great Compression Happen?
So What Happened to Income Equality?
Written by Austin Jesse Mitchell February 11, 2019
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