The Myth of Social Mobility in the East

As the Jacksonian era social mobility in the in the east even a big eastern cities had already ground to a halt how do we know this well? Of the 2000 most prominent families in Boston, Baltimore, Philadelphia, Brooklyn 94% of them had inherited their wealth. Jeff: Social and geographic mobility is one of the great myths of American life but it just happens to sustain a grossly unequal order.