BOOK PREVIEW ONLY
INCOME SHARE OF RICHEST 10%
55%
50%
45%
40%
35%
30%
1960
1900
1920
1940
1980
2000
2020
www.stansberryresearch.com
Source: Bridgewater Associates, LP
And in both the 1930s and today, the percentage of the population who were foreign born was higher than normal... causing animosity among the “common man.”
FOREIGN-BORN POPULATION SPIKES
16%
14%
12%
10%
8%
6%
4%
1900
1920
1980
2000
1940
2020
1960
www.stansberryresearch.com
Source: Bridgewater Associates, LP
Just like today, the economic conditions of the 1930s caused extreme income inequality.
6
Made with FlippingBook flipbook maker