How were people in the past able to come to America with literally no money and survive and thrive and some even starting businesses and becoming wealthy? Is that even possible today?

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How were people in the past able to come to America with literally no money and survive and thrive and some even starting businesses and becoming wealthy? Is that even possible today?

In: Economics

16 Answers

Anonymous 0 Comments

Simple answer : They were not

You need to read the survivor bias on wikipedia

1860 average life expectancy in the us 40Yo, now 78
[https://www.statista.com/statistics/1040079/life-expectancy-united-states-all-time/](https://www.statista.com/statistics/1040079/life-expectancy-united-states-all-time/)

In 1900, pneumonia and influenza, tuberculosis, and enteritis with diarrhea **were** the three leading **causes of death in the United States**, and children under 5 accounted for 40 percent of all **deaths** from these infections
[https://www.ncbi.nlm.nih.gov/books/NBK220806/](https://www.ncbi.nlm.nih.gov/books/NBK220806/)

The global average child **mortality rate** (weighted population) was 43.3% in 1800 and now fell to 3.4%
[https://ourworldindata.org/child-mortality](https://ourworldindata.org/child-mortality)

Also peoples need to realise that Europe provides more opportunities to move up/down the social ladder and less inequity than the US.
[https://en.wikipedia.org/wiki/Great_Gatsby_curve](https://en.wikipedia.org/wiki/Great_Gatsby_curve)

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