Final answer:
The statement is false; globalization has often led to increased wealth and income inequality in the United States by concentrating wealth among the richest, despite also generating economic growth and changes in the market.
Step-by-step explanation:
The statement that globalization of the economy has contributed to a significant decrease in wealth and income inequality in the United States is false. While globalization may have positive aspects, such as increasing international trade and economic growth in some sectors, it has also been associated with job offshoring and pressure on wages in certain industries. This has contributed to economic disparities within the country. Critics argue that globalization may concentrate wealth in fewer hands and widen the gap between the rich and the poor, thus increasing inequality.
Moreover, economic changes have indeed seen wealth concentration in wealthier nations and individuals, rather than a leveling effect, the related text align with the reality that the market revolution did bring many changes, but globalization's impact on inequality in the U.S. is nuanced and can exacerbate wealth disparities.