The American Dream

Paper Summary:

This paper examines how the fantasy of liberty and opportunity has attracted and will continue to attract untold amounts of immigrants to American shores to be welcomed by the Statue of Liberty. It attempts to show how the reality is far different from what is envisioned when immigrants first come to the United States and how the American dream, in fact, leads to more inequality in society, which is the exact opposite of its ideals.

From the Paper:

"The reality in terms of material wealth is however that the gap between rich and poor is not only increasing, but also evident of how the American Dream in terms of prosperity is only accessible to some. According to Julianne Malveaux for example, there is a significant difference in income level between black and white people (in Rothenberg, 2004, p. 291). She cites the wealth index to show how wide the chasm is between the familial wealth of black and white families. Malveaux also points out that the median wealth of nonwhite families showed a tendency to fall during the late 1990's, while the white median family wealth rose, widening the difference. Because of this, many nonwhite families do not have access to home ownership, which is one of the most significant elements of wealth in the United States."

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