Recent studies by social historians, however, suggest that de Tocqueville was mistaken. Although he commented on the existence of wealth in the new nation, he was impressed by what he saw as its relative lack of concentration (de Tocqueville 1969). early in the nineteenth century, the French observer Alexis de Tocqueville was surprised by what he saw as “an equality of condition” in his travels around the country. Income Distribution and Poverty in Nevada*
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