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Money and the American Dream
Transcript of Money and the American Dream
In , F. Scott Fitzgerald illustrates the surge of consumerism and decline of morals caused by the growing economy in the 1920s, which gave people a materialistic mentality towards the American Dream, corrupting its core values.
Unequal Distribution of Wealth and Superficial Prosperity
THE AMERICAN DREAM
Top 0.1%'s wealth = bottom 42 %'s wealth
worker productivity increased 32% but wages increased only 8%
Tax cuts for the wealthy
Associated material wealth with the American Dream
Believed that wealth is a measurement of success and happiness
Often acquired wealth by unlawful ways
Monday, September 18, 1929
Vol XXI, No. 311
United States Becomes the Richest Nation in the World
Decline of morals
Justified overspending with new financial mentality
Mass production and availability of credit prompted a “get rich” attitude
Main goal=becoming rich
Values of western culture became obsolete
DECADE CALLED "AGE OF PROSPERITY"
Agricultural production increased greatly during WWI
U.S. faced foreign competition
--> farm products' prices fell -->farmers in debt, unable to pay their loans --> banks failed
Americans bought more than they could afford, which created a
Over half of nation's automobiles sold on credit
Consumer debt doubled
Overbuying on credit --> less production, more worker layoffs
“Up-stairs in the solemn echoing drive she let four taxicabs drive away before she selected a new one, lavender-colored with gray upholstery” (Fitzgerald 27).
I was was when I married him... He borrowed somebody's best suit to get married in, and never even told me about it" (Fitzgerald 35).
Literary Analysis #2
Literary Analysis #3
It became something that people were willing to work for, save for, strive for
"Why Business Prosperity Came"
by Stuart Chase
industry stimulated economy
Road & building construction
Provided the country with a
It became something that people were willing to work for, save for, strive for.
Money and the American Dream
By Maggie Huang, Esther Li, and Karen Sohn
The Great Gatsby
“The only car visible was the
of a Ford which crouched in a
corner. It had occurred to me that this
of a garage must be a blind, and that sumptuous and romantic apartments were concealed overhead" (Fitzgerald 25).
Connections to The Great Gatsby
Literary Analysis #1
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Mintz, Steven, and Sara McNeil. "Why It Happened..." Digital History. College of Education, 2014. Web.
10 Jan. 2016.
Gross, Dalton, and MaryJean Gross. "Literature Connections: The Great Gatsby and the Roaring
Twenties: The Loss of the American Dream." American History. ABC-CLIO, 2016. Web. 10 Jan. 2016.
"Causes of the Great Depression." Great Depression and the New Deal Reference Library. Ed.
Allison McNeill, Richard C. Hanes, and Sharon M. Hanes. Vol. 1: Almanac. Detroit: UXL, 2003. 1-20. U.S. History in Context. Web. 9 Jan. 2016.
"Age of Prosperity." Becoming Modern: America in the 1920s. America in Class, 2012. Web. 17 Jan.
“‘Her voice is
full of money
,’ he said suddenly. That was it. I’d never understood before. It was full of money—that was the
that rose and fell in it” (Fitzgerald 120).