In fact, many felt that LBJ was moving too fast in implementing integration.
Income by race converged at the greatest rate between 1940 and 1970.
However, as of 2018, Black/white income disparities were almost exactly the same as they were in 1968, 50 years
In fact, many felt that LBJ was moving too fast in implementing integration.
Redemption coincided with the vast upheaval of industrialization and urbanization, when the United States more broadly plunged into the Gilded Age.
More from Economy
1) Well, also there is this:
For 400 years inflation has NOT been in a "mountain range" of up and down, but rather stair-stepped in giant increases, always associated with major transformations in economic arrangements.
For 400 years inflation has NOT been in a "mountain range" of up and down, but rather stair-stepped in giant increases, always associated with major transformations in economic arrangements.
The only way that debt comes down is if rest of world flips to trade deficit status w/US (I.e., trades accumulates $USD from prior trade surpluses w/US for actual goods & services). Not likely anytime soon. $USD as global reserve currency requires massive public debt.
— David "Most Vicious Dogs & Ominous Weapons" Herr (@davidcherr) January 15, 2021
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