The fierce and growing hostility to “plutocracy” at the opening of the twentieth century reflected moral outrage about inequality that had been absen… - Robert D. Putnam

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The fierce and growing hostility to “plutocracy” at the opening of the twentieth century reflected moral outrage about inequality that had been absent during the Gilded Age with its emphasis on social Darwinism and the rights of ownership. This normative change was temporarily disrupted by the Red Scare of the 1920s, but the utter devastation of the Great Depression gave renewed force to the ideals of social solidarity instead of naked individualism, even among Republicans like Herbert Hoover.120 The widely shared sacrifices of World War II strongly reinforced egalitarian norms among the Greatest Generation, who would then dominate American society and politics for a quarter century after the war.