define plutocracy in history terms
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plutocracy (Greek: πλοῦτος, ploutos, 'wealth' + κράτος, kratos, 'power') or plutarchy is a society that is ruled or controlled by people of great wealth or income. The first known use of the term in English dates from 1631..XD......
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In a plutocracy, the people are ruled by the wealthy few. A plutocracy is very different from a democracy, in which in person's vote counts equally. ... The first part of the word comes from the Greek ploutos, meaning wealth. Put them together, and you get plutocracy, a government ruled by the rich.
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