He understood the power of markets and the power of freedom in the markets. Most of their fortunes were in land and they had a rural outlook whereas Hamilton was thoroughly urban, thoroughly commercial and never owned any land to speak of. Hamilton was very different than the other founding fathers. Without him, it’s perfectly possible we would have ended up the world’s largest banana republic. John Steele Gordon (JG), Historian: Alexander Hamilton was the founding father of the American economy. Here is the full transcript of the video: The American Dream is–and always will be–about opportunity and the freedom to pursue it. While the definition of the American Dream may have changed or may be more conceptual than concrete, its fundamental meaning is the same.
Foster, identify three elements of the American Dream that put it in broader and perhaps more meaningful context: having the freedom to pursue one’s interests and passions in life the importance of economic security and well-being and the importance of having hope and optimism with respect to seeing progress in one’s life. What does the dream mean today? In their 2014 book, Chasing the American Dream, authors Mark Robert Rank, Thomas A. The American Dream is 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. In his 1931 book Epic of America, historian and writer James Truslow Adams wrote: “The American Dream is 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.” While the mere mention of the phrase evokes a visceral response that makes definition and qualification all but superfluous, the American Dream has been commonly defined by such specifics as home ownership, an improved standard of living from one generation to the next, and the pursuit of higher education. Though people have been living the American Dream for more than two centuries, the phrase itself was first used less than 100 years ago. By showing what can be achieved through the inimitable and unbeatable combination of hard work, determination, and native intelligence, he is the exemplar. Hamilton is the architect in that his vision for our economy laid the foundation for our thriving free market system.
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