CandleFocus Glossary Editor
The American Dream is a powerful ideal that has long been a cornerstone of the American identity. The term was first coined in 1931 by James Truslow Adams in his book Epic of America, and can be defined as "that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement." The principle underlying the concept of the American Dream is the belief that through hard work and dedication, anyone can achieve a better life—regardless of the circumstances of their birth. It is an aspirational concept of success that suggests that striving for seemingly impossible goals may be worth the effort.
The origin of the American Dream can be traced back to the Declaration of Independence, a document penned in 1776 by the Founding Fathers which asserts that "all men are created equal" and possess unalienable rights, such as the right to "life, liberty, and the pursuit of happiness." This premise has served as the foundation for a major tenet of the American Dream: the belief that anyone has the potential to become successful regardless of their background, occupation, or wealth. The implied notion that anyone can “make it” in the United States has held powerful implications for generations of immigrants and those facing economic hardship in the country, offering hope that even those who are born into difficult circumstances still possess the ability to build a better life.
The Great Depression in the 1930s served as an inflection point which highlighted the challenges the American Dream posed during the economic crisis. Despite hardships and challenges that have endured over time, the concept of the American Dream has remained resilient, finding a lasting purpose in the idea that even in times of adversity, there are still opportunities for achievement and prosperity.
One of the main drivers of the American Dream is the idea of homeownership. Throughout history, homeownership has been a preferred form of wealth building, offering an opportunity to acquire and pass down assets from generation to generation. The American Dream is a powerful force that has motivated individuals to seek out the education, entrepreneurship, and hard work necessary to buy a home, build wealth, and support a family.
Education has also been an important factor in the realization of the American Dream. Access to education can open doors to higher paying jobs, provide access to capital, and foster connections within the community. Moreover, education has been a major factor in democratizing social mobility, providing individuals of all backgrounds with the skills and qualifications necessary to compete globally and achieve economic self-reliance.
Over the years, the term "American Dream" has become increasingly politicized, and its definition has varied depending on one’s geographical region and socio-economic status. Nonetheless, it still retains its core ethos of opportunity, hope, and the potential for upward mobility. As the country continues to grapple with income inequality and poverty, the modern-day American Dream may center around the concept of a fair and equitable society, where everyone has the opportunity to succeed regardless of their circumstances. In the twenty-first century, the American Dream may mean achieving a secure job, a stable income, and a safe, comfortable life for oneself and one’s family.
Though its meaning has evolved over the decades, the American Dream still continues to inspire millions of people across the United States and around the world. Today, it still serves as a powerful symbol of hope, opportunity, and the potential for economic mobility and success—and is likely to remain an integral part of the American identity for generations to come.
The origin of the American Dream can be traced back to the Declaration of Independence, a document penned in 1776 by the Founding Fathers which asserts that "all men are created equal" and possess unalienable rights, such as the right to "life, liberty, and the pursuit of happiness." This premise has served as the foundation for a major tenet of the American Dream: the belief that anyone has the potential to become successful regardless of their background, occupation, or wealth. The implied notion that anyone can “make it” in the United States has held powerful implications for generations of immigrants and those facing economic hardship in the country, offering hope that even those who are born into difficult circumstances still possess the ability to build a better life.
The Great Depression in the 1930s served as an inflection point which highlighted the challenges the American Dream posed during the economic crisis. Despite hardships and challenges that have endured over time, the concept of the American Dream has remained resilient, finding a lasting purpose in the idea that even in times of adversity, there are still opportunities for achievement and prosperity.
One of the main drivers of the American Dream is the idea of homeownership. Throughout history, homeownership has been a preferred form of wealth building, offering an opportunity to acquire and pass down assets from generation to generation. The American Dream is a powerful force that has motivated individuals to seek out the education, entrepreneurship, and hard work necessary to buy a home, build wealth, and support a family.
Education has also been an important factor in the realization of the American Dream. Access to education can open doors to higher paying jobs, provide access to capital, and foster connections within the community. Moreover, education has been a major factor in democratizing social mobility, providing individuals of all backgrounds with the skills and qualifications necessary to compete globally and achieve economic self-reliance.
Over the years, the term "American Dream" has become increasingly politicized, and its definition has varied depending on one’s geographical region and socio-economic status. Nonetheless, it still retains its core ethos of opportunity, hope, and the potential for upward mobility. As the country continues to grapple with income inequality and poverty, the modern-day American Dream may center around the concept of a fair and equitable society, where everyone has the opportunity to succeed regardless of their circumstances. In the twenty-first century, the American Dream may mean achieving a secure job, a stable income, and a safe, comfortable life for oneself and one’s family.
Though its meaning has evolved over the decades, the American Dream still continues to inspire millions of people across the United States and around the world. Today, it still serves as a powerful symbol of hope, opportunity, and the potential for economic mobility and success—and is likely to remain an integral part of the American identity for generations to come.