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The Great Recession also caused a drop of 36% in median household wealth, but a drop of only 11% for the top 1%, further widening the gap between the top 1% and the bottom 99%. According to PolitiFact and other sources, in 2011, the 400 wealthiest Americans had more wealth than half of all Americans combined.
Annales. school. The Annales school ( French pronunciation: [a'nal]) is a group of historians associated with a style of historiography developed by French historians in the 20th century to stress long-term social history. It is named after its scholarly journal Annales. Histoire, Sciences Sociales, which remains the main source of scholarship ...
Protesters with the "99%" T-shirts at Occupy Wall Street on November 17, 2011 near the New York City Hall. We are the 99% is a political slogan widely used and coined during the 2011 Occupy movement. The phrase directly refers to the income and wealth inequality in the United States, with a concentration of wealth among the top-earning 1%.
The top .1% owned approximately 22% of the wealth in 2012, versus 7% in 1978. The top 1% share of wealth was at or below 10% from 1950 to 1987. A conflicting estimate found that they held some 15%. The top 400 Americans had net worth of $2 trillion in 2013, more than the bottom 50%. Their average net worth was $5 billion.
Textbook. A textbook is a book containing a comprehensive compilation of content in a branch of study with the intention of explaining it. Textbooks are produced to meet the needs of educators, usually at educational institutions. Schoolbooks are textbooks and other books used in schools.
The AP U.S. History course is designed to provide the same level of content and instruction that students would face in a freshman-level college survey class. It generally uses a college-level textbook as the foundation for the course and covers nine periods of U.S. history, spanning from the pre-Columbian era to the present day. The percentage ...
v. t. e. Chapter 9, Title 11, United States Code is a chapter of the United States Bankruptcy Code, available exclusively to municipalities and assisting them in the restructuring of their debt. On July 18, 2013, Detroit, Michigan became the largest city in the history of the United States to file for Chapter 9 bankruptcy protection.
Class structure. Fussell argues that social class in the United States is more complex in structure than simply three (upper, middle, and lower) classes.According to Bruce Weber, writing for the New York Times, Fussell divided American society into nine strata — from the idle rich, which he called "the top out-of-sight," to the institutionalized and imprisoned, which he labeled "the bottom ...