America was a place where opportunity and risk were both much higher than on early 21st-century.
The bold and enterprising could succeed big, or fail big,without fear of confiscatory taxes or hope of government bailouts.
Getting ahead called for a keen mind, a strong back, and a willingness to work hard and take chances; opportunities to succeed by manipulating laws and regulations were harder to come by.
The importance of things like enterprise, hard work and self-reliance was America.
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