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Questions 32- 34 are based on the following passage.Tocqueville, apparently, was wrong. Jacksonian America was not a fluid, egalitarian society where individual wealth and poverty were ephemeral (5) conditions. At least to argues E. Pessen in his iconoclastic study of the very rich in the United States between 1825 and 1850. Pessen does present a quantity of (10) examples, together with some refreshingly intelligible statistics, to establish the existence of an inordinately wealthy class. Though active in commerce or the professions, (15) most of the wealthy were not self-made, but had inherited family fortunes. In no sense mercurial, these great fortunes survived the financial panics that destroyed lesser ones. Indeed, in (20) several cities the wealthiest onepercent constantly increased its share until by 1850 it owned half of the community's wealth. Although these observations are true, Pessen (25) overestimates their importance by concluding from them that the undoubted progress toward inequality in the late eighteenth century continued in the Jacksonian period and that the United (30) States was a class-ridden, plutocratic society even before industrialization.32. According to the passage, Pessen indicates that all of the following were true of the very wealthy in the United States between 1825 and 1850 EXCEPT:a)They formed a distinct upper class.b)Many of them were able to increase their holdings.c)Some of them worked as professionals or in business.d)Most of them accumulated their own fortunes.e)Many of them retained their wealth in spite of financial upheavals.Correct answer is option 'D'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about Questions 32- 34 are based on the following passage.Tocqueville, apparently, was wrong. Jacksonian America was not a fluid, egalitarian society where individual wealth and poverty were ephemeral (5) conditions. At least to argues E. Pessen in his iconoclastic study of the very rich in the United States between 1825 and 1850. Pessen does present a quantity of (10) examples, together with some refreshingly intelligible statistics, to establish the existence of an inordinately wealthy class. Though active in commerce or the professions, (15) most of the wealthy were not self-made, but had inherited family fortunes. In no sense mercurial, these great fortunes survived the financial panics that destroyed lesser ones. Indeed, in (20) several cities the wealthiest onepercent constantly increased its share until by 1850 it owned half of the community's wealth. Although these observations are true, Pessen (25) overestimates their importance by concluding from them that the undoubted progress toward inequality in the late eighteenth century continued in the Jacksonian period and that the United (30) States was a class-ridden, plutocratic society even before industrialization.32. According to the passage, Pessen indicates that all of the following were true of the very wealthy in the United States between 1825 and 1850 EXCEPT:a)They formed a distinct upper class.b)Many of them were able to increase their holdings.c)Some of them worked as professionals or in business.d)Most of them accumulated their own fortunes.e)Many of them retained their wealth in spite of financial upheavals.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Questions 32- 34 are based on the following passage.Tocqueville, apparently, was wrong. Jacksonian America was not a fluid, egalitarian society where individual wealth and poverty were ephemeral (5) conditions. At least to argues E. Pessen in his iconoclastic study of the very rich in the United States between 1825 and 1850. Pessen does present a quantity of (10) examples, together with some refreshingly intelligible statistics, to establish the existence of an inordinately wealthy class. Though active in commerce or the professions, (15) most of the wealthy were not self-made, but had inherited family fortunes. In no sense mercurial, these great fortunes survived the financial panics that destroyed lesser ones. Indeed, in (20) several cities the wealthiest onepercent constantly increased its share until by 1850 it owned half of the community's wealth. Although these observations are true, Pessen (25) overestimates their importance by concluding from them that the undoubted progress toward inequality in the late eighteenth century continued in the Jacksonian period and that the United (30) States was a class-ridden, plutocratic society even before industrialization.32. According to the passage, Pessen indicates that all of the following were true of the very wealthy in the United States between 1825 and 1850 EXCEPT:a)They formed a distinct upper class.b)Many of them were able to increase their holdings.c)Some of them worked as professionals or in business.d)Most of them accumulated their own fortunes.e)Many of them retained their wealth in spite of financial upheavals.Correct answer is option 'D'. Can you explain this answer?.

Solutions for Questions 32- 34 are based on the following passage.Tocqueville, apparently, was wrong. Jacksonian America was not a fluid, egalitarian society where individual wealth and poverty were ephemeral (5) conditions. At least to argues E. Pessen in his iconoclastic study of the very rich in the United States between 1825 and 1850. Pessen does present a quantity of (10) examples, together with some refreshingly intelligible statistics, to establish the existence of an inordinately wealthy class. Though active in commerce or the professions, (15) most of the wealthy were not self-made, but had inherited family fortunes. In no sense mercurial, these great fortunes survived the financial panics that destroyed lesser ones. Indeed, in (20) several cities the wealthiest onepercent constantly increased its share until by 1850 it owned half of the community's wealth. Although these observations are true, Pessen (25) overestimates their importance by concluding from them that the undoubted progress toward inequality in the late eighteenth century continued in the Jacksonian period and that the United (30) States was a class-ridden, plutocratic society even before industrialization.32. According to the passage, Pessen indicates that all of the following were true of the very wealthy in the United States between 1825 and 1850 EXCEPT:a)They formed a distinct upper class.b)Many of them were able to increase their holdings.c)Some of them worked as professionals or in business.d)Most of them accumulated their own fortunes.e)Many of them retained their wealth in spite of financial upheavals.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for GMAT. Download more important topics, notes, lectures and mock test series for GMAT Exam by signing up for free.

Here you can find the meaning of Questions 32- 34 are based on the following passage.Tocqueville, apparently, was wrong. Jacksonian America was not a fluid, egalitarian society where individual wealth and poverty were ephemeral (5) conditions. At least to argues E. Pessen in his iconoclastic study of the very rich in the United States between 1825 and 1850. Pessen does present a quantity of (10) examples, together with some refreshingly intelligible statistics, to establish the existence of an inordinately wealthy class. Though active in commerce or the professions, (15) most of the wealthy were not self-made, but had inherited family fortunes. In no sense mercurial, these great fortunes survived the financial panics that destroyed lesser ones. Indeed, in (20) several cities the wealthiest onepercent constantly increased its share until by 1850 it owned half of the community's wealth. Although these observations are true, Pessen (25) overestimates their importance by concluding from them that the undoubted progress toward inequality in the late eighteenth century continued in the Jacksonian period and that the United (30) States was a class-ridden, plutocratic society even before industrialization.32. According to the passage, Pessen indicates that all of the following were true of the very wealthy in the United States between 1825 and 1850 EXCEPT:a)They formed a distinct upper class.b)Many of them were able to increase their holdings.c)Some of them worked as professionals or in business.d)Most of them accumulated their own fortunes.e)Many of them retained their wealth in spite of financial upheavals.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Questions 32- 34 are based on the following passage.Tocqueville, apparently, was wrong. Jacksonian America was not a fluid, egalitarian society where individual wealth and poverty were ephemeral (5) conditions. At least to argues E. Pessen in his iconoclastic study of the very rich in the United States between 1825 and 1850. Pessen does present a quantity of (10) examples, together with some refreshingly intelligible statistics, to establish the existence of an inordinately wealthy class. Though active in commerce or the professions, (15) most of the wealthy were not self-made, but had inherited family fortunes. In no sense mercurial, these great fortunes survived the financial panics that destroyed lesser ones. Indeed, in (20) several cities the wealthiest onepercent constantly increased its share until by 1850 it owned half of the community's wealth. Although these observations are true, Pessen (25) overestimates their importance by concluding from them that the undoubted progress toward inequality in the late eighteenth century continued in the Jacksonian period and that the United (30) States was a class-ridden, plutocratic society even before industrialization.32. According to the passage, Pessen indicates that all of the following were true of the very wealthy in the United States between 1825 and 1850 EXCEPT:a)They formed a distinct upper class.b)Many of them were able to increase their holdings.c)Some of them worked as professionals or in business.d)Most of them accumulated their own fortunes.e)Many of them retained their wealth in spite of financial upheavals.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Questions 32- 34 are based on the following passage.Tocqueville, apparently, was wrong. Jacksonian America was not a fluid, egalitarian society where individual wealth and poverty were ephemeral (5) conditions. At least to argues E. Pessen in his iconoclastic study of the very rich in the United States between 1825 and 1850. Pessen does present a quantity of (10) examples, together with some refreshingly intelligible statistics, to establish the existence of an inordinately wealthy class. Though active in commerce or the professions, (15) most of the wealthy were not self-made, but had inherited family fortunes. In no sense mercurial, these great fortunes survived the financial panics that destroyed lesser ones. Indeed, in (20) several cities the wealthiest onepercent constantly increased its share until by 1850 it owned half of the community's wealth. Although these observations are true, Pessen (25) overestimates their importance by concluding from them that the undoubted progress toward inequality in the late eighteenth century continued in the Jacksonian period and that the United (30) States was a class-ridden, plutocratic society even before industrialization.32. According to the passage, Pessen indicates that all of the following were true of the very wealthy in the United States between 1825 and 1850 EXCEPT:a)They formed a distinct upper class.b)Many of them were able to increase their holdings.c)Some of them worked as professionals or in business.d)Most of them accumulated their own fortunes.e)Many of them retained their wealth in spite of financial upheavals.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Questions 32- 34 are based on the following passage.Tocqueville, apparently, was wrong. Jacksonian America was not a fluid, egalitarian society where individual wealth and poverty were ephemeral (5) conditions. At least to argues E. Pessen in his iconoclastic study of the very rich in the United States between 1825 and 1850. Pessen does present a quantity of (10) examples, together with some refreshingly intelligible statistics, to establish the existence of an inordinately wealthy class. Though active in commerce or the professions, (15) most of the wealthy were not self-made, but had inherited family fortunes. In no sense mercurial, these great fortunes survived the financial panics that destroyed lesser ones. Indeed, in (20) several cities the wealthiest onepercent constantly increased its share until by 1850 it owned half of the community's wealth. Although these observations are true, Pessen (25) overestimates their importance by concluding from them that the undoubted progress toward inequality in the late eighteenth century continued in the Jacksonian period and that the United (30) States was a class-ridden, plutocratic society even before industrialization.32. According to the passage, Pessen indicates that all of the following were true of the very wealthy in the United States between 1825 and 1850 EXCEPT:a)They formed a distinct upper class.b)Many of them were able to increase their holdings.c)Some of them worked as professionals or in business.d)Most of them accumulated their own fortunes.e)Many of them retained their wealth in spite of financial upheavals.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Questions 32- 34 are based on the following passage.Tocqueville, apparently, was wrong. Jacksonian America was not a fluid, egalitarian society where individual wealth and poverty were ephemeral (5) conditions. At least to argues E. Pessen in his iconoclastic study of the very rich in the United States between 1825 and 1850. Pessen does present a quantity of (10) examples, together with some refreshingly intelligible statistics, to establish the existence of an inordinately wealthy class. Though active in commerce or the professions, (15) most of the wealthy were not self-made, but had inherited family fortunes. In no sense mercurial, these great fortunes survived the financial panics that destroyed lesser ones. Indeed, in (20) several cities the wealthiest onepercent constantly increased its share until by 1850 it owned half of the community's wealth. Although these observations are true, Pessen (25) overestimates their importance by concluding from them that the undoubted progress toward inequality in the late eighteenth century continued in the Jacksonian period and that the United (30) States was a class-ridden, plutocratic society even before industrialization.32. According to the passage, Pessen indicates that all of the following were true of the very wealthy in the United States between 1825 and 1850 EXCEPT:a)They formed a distinct upper class.b)Many of them were able to increase their holdings.c)Some of them worked as professionals or in business.d)Most of them accumulated their own fortunes.e)Many of them retained their wealth in spite of financial upheavals.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice GMAT tests.