American Dream

Topics: Great Depression, Tax, American Dream Pages: 4 (1555 words) Published: November 3, 2013
American Dream For The Future

What was it, what is it, and what has it become, the American economy. Once a power house, still a power house, but what does the future hold. China is projected to over take the American economy by 2016. The world economy is changing and we need to change with it. The competition is fierce and if we want to stay on top we need to make some changes.

American dream a term originally created in the great depression by James Truslow Adams. He wrote the American dream "is that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability and achievement, regardless of social class or circumstances of birth" (1931). Some people claim that America will fall due to it's arrogance and selfishness and acting like a spoiled child in the world economy and world politics. But will we, are we spoiled rotten, arrogant, little wieners. Or is it something else. Pride, confidence, respect for hard work, the pursuit of happiness, and the American dream that drives us to do and be better then we are now and encourage others to do the same. I see the point of those who say America is in for a rude wake up call. That much like ancient Rome we have risen to great heights only to collapse under our own weight and fall flat on our faces. But, I must wonder are we destined to abandon our American dreams or is this great recession just a small set back and a chance to grow and change, along with the rest of the world. Despite the competition of China, Japan, and India, America holds it's own in the world economy stage and has for a long time. We are still the leader in industrial output.(Trish Regan, Bloomberg news) We make 19% of the worlds goods. That's pretty good for one country to be making. But we are outsourcing our jobs for cheaper labor overseas and then importing the goods that use to be made in America. This practice is ruining the American expertise in making products....
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