That meaning is clearly emerging РІР‚вЂњ but only as 'possible' rise of fortune a dream, not a promise. Many now assume the phrase stretches back to the nation's founding, but 'the American dream' was never used to describe a shared national value system until a popular 1917 novel called Susan Lenox: Her Fall and Rise, which remarked that 'the fashion and home magazines РІР‚В¦ have prepared thousands of Americans РІР‚В¦ for the possible rise of fortune that is the universal American dream and hope.' The OED lists this as the first recorded instance of the American dream, although it's not yet the catchphrase as we know it. Indeed, when Fitzgerald published The Great Gatsby in April 1925, the phrase 'American dream' as we know it did not exist. Nietzsche РІР‚вЂњ whose Genealogy of Morals Fitzgerald greatly admired РІР‚вЂњ called the transformation of class resentment into a moral system 'ressentiment' in America, it is increasingly called the failure of the American dream, a failure now mapped by the ' Gatsby curve'.Р”Р‡itzgerald had much to say about the failure of this dream, and the fraudulences that sustain it РІР‚вЂњ but his insights are not all contained within the economical pages of his greatest novel. In one sense this hardly seems newsworthy, but it is telling that even economists think that F Scott Fitzgerald's masterpiece offers the most resonant (and economical) shorthand for the problems of social mobility, economic inequality and class antagonism that we face today. I n the New York Times earlier this year, Paul Krugman wrote of an economic effect called ' The Great Gatsby curve,' a graph that measures fiscal inequality against social mobility and shows that America's marked economic inequality means it has correlatively low social mobility.

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