In the context of urbanization during the late 19th century, the industrial economy led to the emergence of distinct social classes within American cities. These changes brought prosperity for some, while simultaneously exacerbating inequalities for others. Urban areas became characterized by sharp divides between wealth and poverty, influenced by factors such as migration, industrialization, and economic policies of the time.
Considering these dynamics, which of the following statements most accurately reflects the relationship between urbanization and class dynamics during this period?