Asked by Krishi Patel on May 18, 2024
Verified
During the 1990s, Microsoft head Bill Gates owned as much wealth as the bottom 40 percent of the American population put together.
Bill Gates
Co-founder of Microsoft Corporation, one of the world's largest technology companies, and a philanthropist known for his work through the Bill & Melinda Gates Foundation.
American Population
The total number of persons inhabiting the United States, considered in terms of size, density, and demographic composition.
- Assess the developments in socio-political and economic contexts within the United States from the latter part of the 20th century through the beginning of the 21st century, particularly in terms of healthcare, the dissemination of wealth, and the influence of technology.
Verified Answer
GC
Giancarlo ConsiglioMay 19, 2024
Final Answer :
True
Explanation :
In the late 1990s, Bill Gates' wealth indeed reached a point where it was comparable to the combined wealth of the bottom 40% of the American population, highlighting the vast income and wealth inequality in the United States.
Learning Objectives
- Assess the developments in socio-political and economic contexts within the United States from the latter part of the 20th century through the beginning of the 21st century, particularly in terms of healthcare, the dissemination of wealth, and the influence of technology.