The Fall of the American Dream

The term “American Dream” is only eighty years old.  In the grim and turbulent atmosphere of the Great Depression in 1931, historian James Trunslow Adams published The Epic of America and coined the American Dream as:

. . . a better, richer, and happier life for all our citizens of every rank, which is the greatest contribution we have made to the thought and welfare of the world. That dream or hope has been present from the start. Ever since we became an independent nation, each generation has seen an uprising of ordinary Americans to save the American Dream from the forces which appear to be overwhelming it.

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