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In a sense, yes. Obviously the people who were wealthy 1000 years ago are not the same as the wealthy people today and very few families, if any, have been able to keep family wealth for that long. Furthermore, sources of wealth have changed. Forests have been cut down, castles have fallen into ruin, mines have been depleted. However, new sources have appeared. Oil wells have been sunk, once undesirable land has become valuable due to increased populations, railroads, water power, larger ships and other factors, so a new class of rich merchants, financiers and oil sheiks has emerged. There are wealthy families but most go back for less than 200 years.
In another sense, the percentage of wealthy people does not change much. A relatively small number of people control most of the wealth and this is true now as well it was 1000 years ago. Revolutions and tax systems have tried on occasion to divide the wealth evenly, but it never works. A small group always finds a way to gain control of the wealth. The members of the group can change, but the size of the group remains small.
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What is the simple interest of a loan for 1000 with 5 percent interest after 3 years?
$150. 5% interest per $1000 is $50 per year. You had the loan 3 years- $50 x 3.
How does inflation decrease individual's wealth?
Inflation is the rise in the price level of a specific economy. Unanticipated inflation hurts savers and creditors. It declines the value of money. $1000 today may only be worth $500 dollars tomorrow if inflation is occurring at 100%.
What is the value of 1000 dollars in 1970 compared to 1000 dollars today?
$1000 in 1970 was equal to $6,202.24 in 2016 dollars.
1000 won to usd?
1000 won = 79 US cents.
How much is 1000 dolars in euro?
1000 U.S. Dollars Is 753 Euro.
Has the definition of art changed in the last 1000 years?
no
What country improved chess?
Chess hasn't changed at all over the 1000's of years that it has been played
How has technology changed in the past 1000 years?
Technology has changed majorly in the past thousand years, which has seen the invention of the printing press, the Industrial Revolution and the age of computers. Technological inventions have also become much smaller, as seen in cell phones.
How long is a millennium?
A millennium is one thousand (1000) years.
Number of doctors needed to assure a healthy population?
The number of doctors needed is approximately 1 per 1000 population. This of course varies according lifestyle, culture, age distribution, disease prevalence, epidemics, wealth etc. Dr Suheb Ahmed
What is 1000 years -1020 years old?
1000 years -1020 years old = -20
How much has crawley changed since 1000?
Crawley has changed lots and lots :P
How many centuries is 1000 years?
A millennium is 1000 years. A century is 100 years. So a millennium (1000 years) is equal to 10 centuries.
Did eukaryote appear 1000 years ago?
If by 1000 years you mean about a billion years!
What does 1000 years equal to?
1000 years is a millenium.
A decade is 10 years What is 1000 years called?
1000 years is called a millenium.
How many years would you have for 1000000 spending 1000 each day?
1000000/1000=1000 1000/365.25~2.73785079 years
