John Steele Gordon
Born
The United States
Website
Genre
More books by John Steele Gordon…
“This prosperity was widely shared among the population. Although in the 1770s the top 20 percent of the population owned about two-thirds of the wealth, while the bottom 20 percent owned only 1 percent, that raw datum gives a distorted picture because it does not take time into account. (Modern statistics do exactly the same thing, now usually for tendentious, political reasons.) The population of British North America was a very young one, and children usually do not possess significant wealth. As people get older they tend to get richer, and that was certainly true in the thirteen colonies. One economic historian has calculated that of the colonial population in their forties, only about 8 percent would have been considered poor by the standards of the day, and even fewer in their fifties.”
― An Empire of Wealth: The Epic History of American Economic Power
― An Empire of Wealth: The Epic History of American Economic Power
Topics Mentioning This Author
topics | posts | views | last activity | |
---|---|---|---|---|
The History Book ...:
![]() |
6558 | 4351 | May 08, 2013 03:33PM | |
100+ Books in 2024: Aida's 100 Books in 2013 | 90 | 103 | Dec 12, 2013 03:52PM | |
The History Book ...: MICHELE'S 50 BOOKS READ IN 2016 | 187 | 205 | Dec 29, 2016 09:42PM | |
Mount TBR 2018: Neil 0-1 Mt. Vancouver | 8 | 22 | Jan 06, 2018 07:14AM | |
Crazy Challenge C...: Oscars Through the Years | 832 | 131 | Mar 22, 2021 08:45PM | |
Crazy Challenge C...: 2021 How Many Pages? | 205 | 111 | Jan 22, 2022 10:02PM | |
The Lost Challenges: Bohemian Rhapsody | 111 | 89 | Sep 30, 2022 06:05AM |
Is this you? Let us know. If not, help out and invite John to Goodreads.