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Adam Smith`s American Dream: Of desire and debt by Peter C. Whybrow

March 24, 2016 | Author: | Posted in ethnic and area studies, social sciences

Adam Smith`s American Dream : Of desire and debt by Peter C . Whybrow

The American dream is a complex notion that embodies traditions , social and personal values of people . This concept is closely connected with historical and economic development of America , its liberation movement and economic changes . Explaining the American dream it is possible to single out social , personal and economic dimensions that determine this concept . In the book American Mania : When More Is Not Enough ,

.C Whybrow tries to explain outcomes and consequences of the American dream for the entire population [banner_entry_middle]

and a burden of debt faced by many Americans

Taking into account economic perspectives , American dream means opportunities for everyone to become rich and prosperous in spite of his background and origin . From the very beginning of American colonization period people see the continent as a special place where there is plenty of opportunity for someone to become wealthy . Today , it is possible to define the American dream from different perspectives , but in general the American dream is the idea that through persistence , hard work and self-determination people can achieve prosperity and high social status This notion has created workaholic cults based on principles of the American dream . Following Whybrow (2005 A polyglot nation of prodigious energy , we are held together by dreams of material progress (p . 22

Consumerism has a great impact on the notion the American Dream . After the period of the Depression the reforms in the marketplace not only produced double-digit growth but also enabled ordinary citizens to nurture dreams and social networks that challenged official discourse and conventions through millions of daily commercial transactions People received a chance to earn more and buy expensive goods . Their buying habits were transformed and became necessities . The workaholic cult makes the realization of American Dream simpler because new consumers created great demand for goods . A new version of capitalism began evolving in which creativity was not just perennial but constant in which rapid-fire innovation and continuous improvement were the norm

Cultural changes had a great impact on the workaholic cult and customer wants . This process which took place in 1960s resulted in the development of the creative sector as an integral part of the American dream . Educational establishments were places where human creativity was cultivated and could flourish . Millions of Americans rather quickly acquired a steady job , a car , and a big house , and debts . Most of them had tried to achieve social mobility but failed limited by gender and racial prejudices , lack of education and financial support

Free-market capitalism supported (supports ) a financial burden of struggling propositions . On the one hand , economic development led to increased possibilities of education and the opening up of a greater variety of life chances , but these chances were minor in contrast to high class opportunities . Also , rapid population growth of poor classes increased burden on the financial resources and social provisions reducing buying potential of a particular individual from poor regions The ideas of prosperity enslaved many Americans who tried… [banner_entry_footer]

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