Chapter Summary: The American Dream
The American Dream The idea of the American dream began when immigrants migrated to America in hope to become successful, have financial stability, and receive rights they could not in their country. The American dream however was not only fancied by immigrants. Americans also had faith and wanted to pursue the American dream. The confidence in the American dream has diminished over time due to several economic developments and government policies that has widened the gap between the rich and the poor. The American dream is basically dead due to serveral factors. In chapter 18, I came upon several essays that support my argument that the American dream has ended. I have realized that there are ample obstacles one has to endeavor to achieve
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Robert H. Frank explains that the income inequality is hurting our economy and over all well-being. During World War 2, the income rate rose tremendously at the same rate. America during this time had a great economy with a bold middle class striving to receive the American dream (Frank, 581). Plenty of new building and complex infrastructures were built and people were sanguine; the American dream was passionately alive. Life for many Americas was great, the country as a whole was striving with new complex infrastructures which a small gap between the rich and poor. Unfortunately, during the last three decades the economy had fallen and therefore, increased the income inequality. There has been no evidence proving that greater income inequality helps strengthen our economy. Recent studies have found that countries where income inequality grow fastest has shown the largest financial distress. These financial distresses include heightened divorce rates, increased bankruptcy filings and long commute times. In my opinion, everyone should agree that the elevated income equality is a negative and do something to prevent it. This is only one of the many obstacles that make the goal of the American dream
Robert H. Frank explains that the income inequality is hurting our economy and over all well-being. During World War 2, the income rate rose tremendously at the same rate. America during this time had a great economy with a bold middle class striving to receive the American dream (Frank, 581). Plenty of new building and complex infrastructures were built and people were sanguine; the American dream was passionately alive. Life for many Americas was great, the country as a whole was striving with new complex infrastructures which a small gap between the rich and poor. Unfortunately, during the last three decades the economy had fallen and therefore, increased the income inequality. There has been no evidence proving that greater income inequality helps strengthen our economy. Recent studies have found that countries where income inequality grow fastest has shown the largest financial distress. These financial distresses include heightened divorce rates, increased bankruptcy filings and long commute times. In my opinion, everyone should agree that the elevated income equality is a negative and do something to prevent it. This is only one of the many obstacles that make the goal of the American dream