Fight For Economic Equality Is As Old As America Itself
Americans are increasingly worried about the rising tide of economic inequality, as fewer control more wealth. For the origins of these concerns, commentators usually point to the Gilded Age at the end of the 19th century, when a few men gained immense wealth and power in the U.S. and workers suffered extreme poverty.
But fears of great wealth and the need for economic equality go back to the country’s origins.
In a 1775 cartoon, a British cartoonist mocks how wealthy elites were compelled by ordinary Americans to respect trade and price regulations.
Philip Dawe/Wikimedia Commons
Wealth as a danger to the nation
By the 1700s, Anglo-Americans generally believed that the best government was a republic that would ensure the public good by avoiding concentrated wealth. The British political t...