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1. Phillips identifies the similarities of the Guilded Age, the Roaring Twenties, and the 1980s as 1) an obscene gap between the rich and poor (fortune in the hands of few at the cost of many), 2) taxes were lessened for the wealthy, 3) government role was drastically curbed, 4) laborers and unions suffered, while owners increased personal profits 2. Significant differences he identifies are 1) the 1980s under Reagan introduced deficits (making the US the world’s largest debtor nation), 2) large-scale reconstructions (trusts in the Guilded age, merger waves in the Roaring Twenties, and leveraged buyouts and hostile takeovers in the 1980s).
Approximate Word count = 397
Approximate Pages = 1.6
(250 words per page double spaced)
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