How many millionaires where there in the 1920s?

Answer 1

In the 1920s, the number of millionaires in the United States significantly increased, with estimates suggesting there were around 200,000 millionaires by the end of the decade. This period, often referred to as the "Roaring Twenties," was marked by economic prosperity, Stock Market growth, and the rise of consumer culture, contributing to the wealth accumulation of many individuals. However, this wealth was not evenly distributed, and income inequality was a notable issue of the time.