As American culture changes over the decades, so does the meaning of the American Dream. The American Dream, a term first coined in 1931 by freelance writer James Adams Truslow, was the theory that each person, regardless of their background, can work hard and get wealthy. It was a very idealistic way of thinking, but unrealistic for many due to inequality and individual aspirations. The literary works of F.Scott Fitzgerald’s The Great Gatsby, Luis Valdez’s “In Lak 'ech:You are my Other Me” and “Zoot Suit”, Jon Krakauer’s Into the Wild, and Eleanor Roosevelt’s speech “What has happened to the American Dream?” depicts how individuals from different decades in American history define the American Dream. As America evolves throughout the twentieth century, so does what people view as important, which adds on to what the American Dream means.
The Roaring Twenties, is one of the more primary cause of the Great Depression. The twenties were not only carefree and pleasure filled, but were also an era of overspending. The overspending is a result from World War I, one of the most most bloodiest war Europe has ever witnessed. World War I made the U.S. into a wealthy world power, as European countries were paying back the U.S. for war loans. With the introduction of credit, Americans,
Without the assistance of the U.S. government, railroad construction between 1860 and 1900 would have been greatly curtailed. Building railroads was very expensive and railroad companies could not build them without help, in the form of grants, from the U.S. government. Congress also helped out the railroad companies in the form of land grants.
Additionally, in Document O, Andrew Carnegie reduces the worker's pay wage by 20% in order to donate more money for his own selfish needs. With workers already receiving low wages per day, Carnegie decides to decrease the wage even more to between $1.12 and $1.80 per day and rarely $4/$8 per day. Finally, Andrew Carnegie was selfish. In Document I, it shows that while iron & steel workers work longer than machine shop workers, machine shop workers received more than iron & steel workers. Andrew Carnegie’s daily wage was about $92,000, meaning he could’ve paid his workers more but refuse to.
The Tremendous Impact of Railroads on America In the late 19th century, railroads propelled America into an era of unprecedented growth, prosperity, and convenient transportation. Prior to the building of the railroads, America lacked the proper and rapid transportation to make traveling across the country economical or practical. Lengthy travel was often cumbersome, costly, and dangerous. With the advent of the railroad, many of these issues disappeared. Railroads had a major impact on advancing the American economy, transforming America into a modern society, and improving an antiquated transportation system.
Monopolies were intended to increase profits, and “dictate” the “two great classes:” the producer and the consumer (Doc 3). Many companies like Andrew Carnegie’s steel company and Rockefeller’s standard oil company benefitted from trusts. Rockefeller successfully created a monopoly by buying rival companies, and controlling transportation rates which allowed for the transport of goods at a cheaper rate, allowing Rockefeller to lower the price of oil; this affected small companies since it was impossible for them to compete with the price (Doc 5). While many companies invested in the railroad company and created contracts to receive exclusive benefits such as lower rates, the railroads didn’t benefit the public at all, because they were built by investors that only cared about receiving a “fair percentage” of the profit, and remarked that “the public be damned” (Doc 1). Many laborers working under these company suffered due to the reduction of “the price of every labor connected with trade” (Doc 3).
The period from 1865 to 1900 was characterized by an astronomical boom in industry and manufacturing, economic growth for the rich, financial turmoil for the poor, and political corruption. As a result, the era has been named “The Gilded Age.” Just as something gilded is gold on the outside but worthless metal on the inside, these years seemed prosperous from an outside perspective, when in reality, the wealth gap was increasing at an alarming rate and big business had power over government officials. As a result of this, a lot of federal legislation was influenced by monopolies and often catered to the desires of businessmen. Since regulation of certain business practices would cause these trusts to lose money, Congress shied away from regulating
Even though Bryan lost the presidential election, he stated that farmers are important and if prices get any higher the rest of the world is going to starve. The Haymarket Square Riot allowed unions to receive some of their demands as well as xenophobic viewpoint which gave Americans some job security. The Gilded Age (1865-1900) changed the way farmers viewed and participated in politics, as well as changing the working standard for Americans and Immigrants. Working in factories became safer, better paying, and less tiresome because of shorter
Later, the problems were solved and by 1860, the country had 30636 miles of track and four lines built tracks from eastern coast to interior valley. Before 1860, three-fourths of the money invested in railroads came from private investors. Nonetheless, much of the capital came from local merchants and businessmen.Moreover, railroad has became the first business and the first national corporations in the U.S. Railroad can be built almost everywhere,and it can be built really fast. Once you build them, you can move goods and people at a very rapid pace. These advantages made it a very good business because business is all about time and money.
The amount of wealth amassed by the top 1% of the population began to unnerve the American public and politicians alike. The rich got richer while the rest remained stagnant or became poorer. Labor strikes and riots were common during the time. Policies were put into place to prevent individuals from gaining this much power ever again. In todays’ modern Gilded Age loopholes have been exploited and the rich are becoming just as powerful as they have ever been.
All we wanted was more land to expand our empire. By doing so, we could open more private factories to make large profits at little costs by taking the native people 's resources. Also, the only people that could open factories were the rich. Anyone on a lower social status was considered a fool to think they could make money in these foreign lands. Furthermore, the Spanish American War created more racism in our country.