The American Dream: Past and Present
10 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What percentage of the nation's wealth is controlled by the wealthiest 1% of Americans?

  • 75%
  • 40%
  • 31% (correct)
  • 50%
  • What did the Wall Street Journal/NORC poll find about the American dream?

  • 36% of voters believe in the American dream
  • 19% of voters believe in the American dream (correct)
  • 75% of voters believe in the American dream
  • 45% of voters believe in the American dream
  • What factor has hit home ownership, a marker of the American dream, especially hard?

  • Low borrowing costs
  • Low mortgage costs
  • High housing inventory
  • Low housing inventory and elevated prices (correct)
  • What is probably the main fuel for the belief that the American dream is dying, according to the text?

    <p>Soaring wealth and income inequality</p> Signup and view all the answers

    According to John Early and former Sen. Phil Gramm, what is the American dream primarily about?

    <p>Individual upward mobility</p> Signup and view all the answers

    What is the main concern of a lot of Americans according to the article?

    <p>The loss of faith in the American dream</p> Signup and view all the answers

    During which periods did the polls show that Americans also lost faith in the American dream?

    <p>Early 1990s and mid-2010s</p> Signup and view all the answers

    How is the American dream generally understood today?

    <p>As an upwardly mobile society with opportunities for financial improvement through hard work</p> Signup and view all the answers

    What does David Leonhardt report about the typical U.S. family's net worth in 2019?

    <p>It was slightly lower than in 2001</p> Signup and view all the answers

    What has happened to the earnings of the typical American over the past 40 years according to the article?

    <p>They have remained stagnant</p> Signup and view all the answers

    More Like This

    The American Dream and Social Mobility Quiz
    5 questions
    The American Dream
    5 questions

    The American Dream

    EloquentTigerEye avatar
    EloquentTigerEye
    The American Dream: Alive or Doubted?
    10 questions
    Use Quizgecko on...
    Browser
    Browser