american dream

Topics: Unemployment, Economic inequality, Americas Pages: 3 (1048 words) Published: October 16, 2014
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 the idea of the American dream, making it more difficult to achieve. The inequality of incomes, low employment rates and the mortgage crisis all lesson the ability to attain the idea of the American dream.

The American dream is becoming less and less realistic and more of a façade as the rich become richer and the poor become poorer. 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....

Cited: Frank, Robert H. "Income Inequality: Too Big to Ignore." New York Times 16 October 2010. Web.
Herbert, Bob. “Hiding from Reality.” New York Times 19 2010. Print.
Krugman, Paul. “Confronting Inequality.” The Conscience of Liberal 2007. Print.
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