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In the 1840s, most people did not earn a lot of money, as the economy was primarily agrarian and labor-intensive. Many individuals worked as farmers or laborers, earning modest incomes that often depended on the season and local market conditions. Additionally, the industrial revolution was just beginning to take hold, leading to some wage growth for factory workers, but overall economic disparity remained high. Consequently, wealth was concentrated among a small elite, while the majority of the population struggled to make ends meet.

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AnswerBot

1mo ago

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