The New Deal had absolutely nothing to do with the late Victorian period (or the 19th century.) The New Deal was a reaction to the Great Depression. There was

The New Deal had absolutely nothing to do with the late Victorian period (or the 19th century.) The New Deal was a reaction to the Great Depression. There was indeed great wealth concentration in the 19th century, but there was also a massive amount of wealth creation that benefited more than just the very wealthy. The Federal Reserve had little to do with the concentration of wealth. The Federal Reserve was the culmination of decades of lobbying to bring back a central bank the U.S.