GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 21 Feb 2019, 04:42

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel
Events & Promotions in February
PrevNext
SuMoTuWeThFrSa
272829303112
3456789
10111213141516
17181920212223
242526272812
Open Detailed Calendar
  • Online GMAT boot camp for FREE

     February 21, 2019

     February 21, 2019

     10:00 PM PST

     11:00 PM PST

    Kick off your 2019 GMAT prep with a free 7-day boot camp that includes free online lessons, webinars, and a full GMAT course access. Limited for the first 99 registrants! Feb. 21st until the 27th.
  • Free GMAT RC Webinar

     February 23, 2019

     February 23, 2019

     07:00 AM PST

     09:00 AM PST

    Learn reading strategies that can help even non-voracious reader to master GMAT RC. Saturday, February 23rd at 7 AM PT

Tocqueville, apparently, was wrong. Jacksonian Americ

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

 
Board of Directors
User avatar
P
Joined: 01 Sep 2010
Posts: 3353
Tocqueville, apparently, was wrong. Jacksonian Americ  [#permalink]

Show Tags

New post 29 Jan 2019, 03:30
Top Contributor
Question 1
00:00
A
B
C
D
E

based on 19 sessions

63% (01:58) correct 37% (02:16) wrong

HideShow timer Statistics

Question 2
00:00
A
B
C
D
E

based on 20 sessions

20% (00:28) correct 80% (00:29) wrong

HideShow timer Statistics

Question 3
00:00
A
B
C
D
E

based on 20 sessions

65% (01:16) correct 35% (01:03) wrong

HideShow timer Statistics

Tocqueville, apparently, was wrong. Jacksonian America was not a fluid, egalitarian society where individual wealth and poverty were ephemeral conditions. At least so 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 examples, together with some refreshingly intelligible statistics, to establish the existence of an inordinately wealthy class. Though active in commerce or the professions, 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 several cities, the wealthiest one percent constantly increased its share until by 1850 it owned half of the community's wealth. Although these observations are true, Pessen 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 States was a class-ridden. plutocratic society even before industrialization.
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.


Spoiler: :: OA
D


The author's attitude toward Pessen's presentation of statistics can be best described as

(A) disapproving
(B) shocked
(C) suspicious
(D) amused
(E) laudatory


Spoiler: :: OA
E



Which of the following best states the author's main point?

(A) Pessen's study has overturned the previously established view of the social and economic structure of early nineteenth-century America. (B) Tocqueville's analysis of the United States in the Jacksonian era remains the definitive account of this period.
(C) Pessen's study is valuable primarily because it shows the continuity of the social system in the United States throughout the nineteenth century.
(D) The social patterns and political power of the extremely wealthy in the United States between 1825 and 1850 are well documented.
(E) Pessen challenges a view of the social and economic system in the United States from 1825 to 1850, but he draws conclusions that are incorrect.


Spoiler: :: OA
E



Source: GRE Official Material. The discussion could also find here https://greprepclub.com/forum/tocquevil ... -9116.html

_________________

COLLECTION OF QUESTIONS AND RESOURCES
Quant: 1. ALL GMATPrep questions Quant/Verbal 2. Bunuel Signature Collection - The Next Generation 3. Bunuel Signature Collection ALL-IN-ONE WITH SOLUTIONS 4. Veritas Prep Blog PDF Version 5. MGMAT Study Hall Thursdays with Ron Quant Videos
Verbal:1. Verbal question bank and directories by Carcass 2. MGMAT Study Hall Thursdays with Ron Verbal Videos 3. Critical Reasoning_Oldy but goldy question banks 4. Sentence Correction_Oldy but goldy question banks 5. Reading-comprehension_Oldy but goldy question banks

Senior PS Moderator
User avatar
D
Status: It always seems impossible until it's done.
Joined: 16 Sep 2016
Posts: 722
GMAT ToolKit User Premium Member Reviews Badge CAT Tests
Re: Tocqueville, apparently, was wrong. Jacksonian Americ  [#permalink]

Show Tags

New post 29 Jan 2019, 03:48
A short but very troublesome passage as it is difficult to understand. Nevertheless, the flow of thought is palpable.
2 mins 51 secs to two out of three correct.

Detail question and can be found in the middle of the passage.
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. Mentioned in the passage. Top 1%'s wealth was not ephemeral (meaning short-lived) and hence they were distinct.
(B)Many of them were able to increase their holdings. Also, verbatim from the passage.
(C)Some of them worked as professionals or in business. This is also mentioned in the passage - "Though active in commerce or the professions, most of"
(D)Most of them accumulated their own fortunes. Perfect - Pessen states that the fortunes were mostly accumulated and hereditary and not earned by them.
(E)Many of them retained their wealth in spite of financial upheavals. Also mentioned.

Tricky because some of the words in the options can confuse those whose first language is not English. Also, the author ends with stating that Pessen though did make correct observations his conclusions were not on point.
The author's attitude toward Pessen's presentation of statistics can be best described as
(A) disapproving TRAP - this focusses only on the latter half of the last conclusion. However, the entire passage focusses on how the observations made by Pessen's study were true. VERY TRICKY!
(B) shocked Out of scope. No reason to suspect shock.
(C) suspicious Again, same as above.
(D) amused Again, why would the author be amused? Discard.
(E) laudatory Purely out of the process of elimination as well as the fact that the author has spent the entire passage in describing the theory by Pessen the author surely does agree with the observations. Hence this is the correct choice. Tricky.


Need to know the meaning of the word "iconoclastic" - which means challenging the set principles. Also, the opening line is a giveaway that Pessen is stating that someone is wrong. Next, the author does agree that Pessen's observations were right on, but goes on to say that the conclusions drawn from them were overestimations and hence incorrect.
Which of the following best states the author's main point?
(A) Pessen's study has overturned the previously established view of the social and economic structure of early nineteenth-century America. Too extreme to be the main point. Also, does not capture the essence of the passage.
(B) Tocqueville's analysis of the United States in the Jacksonian era remains the definitive account of this period. 180 Opposite of what is mentioned in the passage. The first line is evidence for it. :-)
(C) Pessen's study is valuable primarily because it shows the continuity of the social system in the United States throughout the nineteenth century. Again, 180 opposite of main idea.
(D) The social patterns and political power of the extremely wealthy in the United States between 1825 and 1850 are well documented. TRAP - they are well documented but this is not the full picture. Hence not the main point.
(E) Pessen challenges a view of the social and economic system in the United States from 1825 to 1850, but he draws conclusions that are incorrect. Perfect - this is exactly what we are looking for.

Hope answers are helpful. :-)
_________________

Regards,
Gladi



“Do. Or do not. There is no try.” - Yoda (The Empire Strikes Back)

GMAT Club Bot
Re: Tocqueville, apparently, was wrong. Jacksonian Americ   [#permalink] 29 Jan 2019, 03:48
Display posts from previous: Sort by

Tocqueville, apparently, was wrong. Jacksonian Americ

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


Copyright

GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.