Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 1934, a Senator from Louisiana, Huey Long, proposed a plan he called Share Our Wealth. Read the excerpts below and answer the question: How

In 1934, a Senator from Louisiana, Huey Long, proposed a plan he called "Share Our Wealth." Read the excerpts below and answer the question: How are the principles behind Long's plan similar to the principles behind the Populist Party? Here is what we stand for in a nutshell: Number one, we propose that every family in America should at least own a homestead equal in value to not less than one third the average family wealth. The average family wealth of America, at normal values, is approximately $16,000. So our first proposition means that every family will have a home and the comforts of a home up to a value of not less than around $5,000 or a little more than that. Number two, we propose that no family shall own more than three hundred times the average family wealth, which means that no family shall possess more than a wealth of approximately $5 millionnone to own less than $5,000, none to own more than $5 million. We think that's too much to allow them to own, but at least it's extremely conservative. Number three, we propose that every family shall have an income equal to at least one third

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finite Mathematics and Its Applications

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

12th edition

978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632

More Books

Students also viewed these Mathematics questions