The American dream is achieved through sacrifice, risk-taking
and hard work, not by chance. Both native-born Americans and American
immigrants pursue and can achieve the American dream. In contrast to other
political and economic systems, such as communist dictatorships, America ’s free-enterprise system makes
possible the circumstances that allow individuals to go beyond meeting their
basic needs to achieve self-actualization and personal fulfillment.
The tenets of the American dream can be found in the
Declaration of Independence, which states, “We hold these truths to be
self-evident, that all men are created equal, that they are endowed by their
Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” In a
society based on these principles, an individual can live life to its fullest
as he or she defines it.
The American dream requires political and economic freedom as
well as rules of law and private property rights. Without them, individuals
cannot make the choices that will permit them to attain success, nor can they
have confidence that their achievements will not be taken away from them
through arbitrary force.
The American dream offers the freedom to make both the large
and small decisions that affect one’s life; the freedom to aspire to bigger and
better things and the possibility of achieving them; the freedom to accumulate
wealth; the opportunity to lead a dignified life; and the freedom to live in
accordance with one’s values, even if those values are not widely held or
accepted.
Home ownership is frequently cited as an example of attaining
the American dream. It is a symbol of financial success and independence, and
it means having the ability to control one’s own piece of property instead of
being subjected to the whims of a landlord.
Owning one’s own business and being one’s own boss also
represent American dream fulfillment.
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