The Cornerstone Of The American Dream - 2183 Words

The cornerstone of the American Dream is property ownership; indeed the goal for many Americans is to eventually own their own home. Homes however tend to be quite expensive and thusly financial instruments like mortgages are typically required for many to be able to afford one. Those seeking a home loan would have to be vetted first by the bank that they are seeking the loan from; surely no bank would want to loan out a sizeable amount of money to a person they know nothing about. In this way, banks are capable of mitigating the risk of default on loans. By screening loan applicants, banks are able to give themselves the best possible chance at being paid back. But what happens if borrowers can’t afford the payments and do not pay the bank back? This brings us to what is commonly referred to as â€Å"the 2008 market collapse†, â€Å"the 2008 financial crisis†, or simply â€Å"The Great Recession†; a period of time in which markets worldwide plummeted. One of the hardest hit markets, or most explosive bubbles one could say, was the U.S. Housing market. There are many causes for the housing market’s collapse and the turmoil that followed after, with varying levels of blame being assigned to regulators, government policies, financial institutions, subprime lending/lenders, credit agencies and consumers just to name a few (report cite). One could argue about the validity of each element being the primary source: truly all played their roll, however the purpose of this paper is to provideShow MoreRelatedThe American Dream : A Cornerstone Of Middle Class Life849 Words   |  4 PagesInextricably bound to the premise of the American Dream is the ability to own one’s land—an aspiration that has withstood the test of time and is widely understood as a cornerstone of middle-class life. Despite the threatening economic climate of recent years, homeownership continues to permeate the national dialogue from policy to pop culture. In August, President Obama spoke of its symbolic importance: â€Å"A home is the ultimate ev idence that here in America, hard work pays off, that responsibilityRead MoreThe American Dream1678 Words   |  7 PagesThe American Dream is an idea that has always been different throughouttime. It changes in diverse forms and in the end involves success. The American Dream was a phrase used by the American people and peoplewanting to become American. It was always the idea that you can become a success. This is true in a partial way, but the true American Dream is that with somework and determination anyone can build themselves up in the economic classsystem. The 80 s was an eye opener to a lot of newRead MoreThe Great Gatsby By F. Scott Fitzgerald931 Words   |  4 PagesDaisy, Myrtle, and Jordan, display the new ideology of women while attempting to reach the American Dream. Women embody the new flapper era and are expected to work for their own money and gain more independence after earning the right to vote. Flappers were seen as significant figures during the Roaring Twenties, as they helped define a new generation for young women who are trying to achieve the American Dream, â€Å"[Flappers] were also seen by many as the ideal young woman and was described by authorRead MoreLangston Hughes: A Man of Truth899 Words   |  4 Pagespoems is the idea of a dream and the struggles to achieve that dream as an African American. Langston Hughes focuses his writing on the actual experiences and events of the African American working class during the Harlem Renaissance. He describes the struggles that African Americans have to face in fo llowing their dreams because of the discrimination and segregation. His writings were looked down upon by many critics, no matter what race. Langston Hughes was an African American poet who wrote ofRead MoreThe American Dream is Built on Family Bonds Essay1305 Words   |  6 Pages The American Dream is a concept that is essentially older than the United States, dating back to the seventeenth century. It was then when people began to come up with hopes and aspirations for the newly discovered, unexplored continent. The â€Å"American Dream† is in essence the idea in that puts forward the notion that all people can succeed through hard work, that all people have the right to the pursuit of happiness, and be successful. The definition of the American Dream has been expanded uponRead MoreAnalysis Of Stonewall Jackson Way1421 Words   |  6 PagesPoetry-Archive, George W. Jacobs Co., www.poetry-archive.com/p/stonewall_jackson_s_way.html. Accessed 4 Sept. 2017. John Williamson Palmer is a famous American author who recorded revolutionary events. Palmer was originally a physician, but he later decided to pursue a career in journalism. Since he was writing during the Civil War, his works encompass American patriotism and morale. His poem â€Å"Stonewall Jackson’s Way† serves to commemorate the achievements and leadership of the Confederate General ThomasRead MoreAmerica In Five Classes Essay1124 Words   |  5 Pagesadults and two children† (Brinkerhoff, Ortega, White, Weitz, 2011). The poor can be all types of ethnic, male and female, big cities to small towns, people with and without jobs to whole families or single mother and father families. African-American, Hispanics, Children, Single Mother Households, and Non-Citizens are more likely to be poor. Most poverty class people have low quality education, community services and lack of jobs. The culture of poverty is adapted through generations and waysRead MoreThe Great Gatsby By F. Scott Fitzgerald1262 Words   |  6 PagesMolina Ms. Hunt English 3 5th period 17 March 2015 Outline I. Hook: Everyone wants happiness and success. Thesis Statement: In The Great Gatsby by F. Scott Fitzgerald, the author uses Jay Gatsby to demonstrate the themes of friendship and the American dream. II. Historical Context Topic Sentence #1: The novel was written in the Roaring twenties, when the economy was at its peak. A. Supporting Detail: â€Å"They were careless people, Tom and Daisy- they smashed up things and creatures and then retreatedRead MoreCompare Tom And Gatsby953 Words   |  4 Pagesevaluation of one’s â€Å"greatness† proves to be inaccurate and therefore cannot be trusted. Due to Nick’s misjudgment of the strength of Gatsby’s dream, he maintains an illusion of Gatsby’s greatness that simply does not exist. He greatly overestimates the power of Gatsby’s aspirations, foolishly believing that their strength transcends death’s confines. In truth Gatsby’s dream dies when Gatsby himself dies, as made evident by the scene in which he is killed. Nick recalls how â€Å"it was after [they] started withRead MorePresident Trump Once Said, â€Å"I Like Thinking Big. If You’Re870 Words   |  4 PagesPresident Trump once said, â€Å"I like thinking big. If you’re going to be thinking anything, why not think big?†1 President Trump shares the mindset that many Americans had after the war of 1812. The United States citizens of the early 1800s felt an obligation to push the boundaries of the United States to the Pacific Ocean. John O’Sullivan was the first person to use the term â€Å"manifest des tiny† in 1845 in an edition of the United States Magazine and Democratic Review. He said, â€Å"Our manifest destiny