So, what else was there to do other than spend money and live the life of the “rich and famous”, even if they were not the “rich and famous”? By time the decade had ended and the stock market crashed, many of those same people who lived the grandiose life were wishing they had answered that question with “saving money”. With the Great Depression came a distinct lack of funds. This meant that the lavish parties and the purchase of expensive artwork came to a halt. People began to save every penny while attempting to make extra money wherever they could just so they could survive through the week.
Money. But because not everyone is that lucky and can not all be born into riches. With the little they have they want more. They hold grudges for the rich because there not like them, and want to become like them and will stop at no means possible to get what they want. The wealthy tend to use money as power.
In the 1920’s the American Dream was something that everyone struggled to have. A spouse, children, money, a big house and a car meant that someone had succeeded in life. A very important aspect was money, and that’s what greatly determined success. This was not true in all cases however. Jay Gatsby was a poor boy that turned into a very wealthy man, but did he live the American Dream?
Most of the time they sabotage their own prosperity, which leads to spending more money than they make in a year. They are often managed by money instead of managing their own money. (Redinius, 2010). On the other hand, people who are a miser shopper are extremely stingy with money. True misers “are champion savers, but have little to show for it.
A large factor of how income is distributed is based on luck. This tax also benefits the lower class tremendously since if the tax would be distributed evenly the lower class wouldn’t be able to pay taxes and would have a greater load on their hands. Payment of taxes is based on the opportunity to pay a certain amount of taxes if the lower classes had the opportunity to pay heavy taxes they would have to, but they can barely afford to pay bills let alone taxes and the wealthy want to take away money that people don’t even have. It many seem unfair to the upper class, but this system actually benefits them.
Conspicuous consumption is the act of acquiring lavish goods or services that a person does not have to obtain or desire, merely with the idea of displaying and boasting ones riches and keep us to the social status. American popular culture which is the modem way of living tempts us to be gluttonous and conspicuous consumption is everywhere affecting the style of buying sumptuous goods. The way we Americans aspire to be rich, and even though we are not rich we feel like boasting that we are existing such as a fib. A recent purchase a few months ago was a vehicle, my husband and I had a Dodge Durango that had a third row seat, it on sat six people. My husband and I considered buying a bigger vehicle considering his mom and sister were moving in with us because of his mother’s poor health condition.
The video also talked about how the average American has gone nowhere, while the rich are getting richer, and the middle class is getting squeezed, and the poor are getting poorer. So in conclusion the main thing I learned I that wealth is health in America. If you have a lot of money you will outlive those who are not as fortunate, and you will be healthier
The frontier belief wrongfully delivers this idea that it is ok to waste opportunities because there are far more than enough opportunities on the abundance of lands. The frontier belief never mentioned that the resources on our planet are limited, therefore, opportunities are also scarce. Instead of promoting the concept of having more, I believe thrift could be a valuable practice to promote. In essence, the frontier belief defines a sense of consumerism. As John Verdant introduces two families with similar economic conditions but completely different values, it is not difficult to find out that the family believes having more actually harms themselves (Verdant, 152-155).
Many people believed him and gave him a lot of money, but he spent almost all the money for himself. He couldn’t pay back the money to some people. While he was taking money from the people, he collected more then 64 billion dollars from them, and when people tried to see their investments, he used a fake screen computer with ponzie scheme software to present a false investment. This way is similar to Tom’s investment in that, they both were greedy, and acted like friends to people, and made them think that they would become rich. On the other hand, there were many differences between Tom and Bernie.
I feel the movement is effective because more and more people are joining the movement which will make them one big strong unit which will make some awareness out to the world. I do so sympathize with the Occupy Wall Street movement because it is not just a few people suffering because of the crisis but more like 99 percent of us are. I think It plays a crucial roles in many people’s life because as we are facing, the economy is in a bad state where a lot of us are losing our jobs and cause of that a lot of us are not being able to pay up our daily expenses. Not just unemployment but also the housing crisis were a lot of people are not being able to pay the rent or mortgage. It is sad how the poor are getting poor and the middle class are barely holding on to their class and how the rich keep getting richer.