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The sensational real-life story of the financial rise and fall of rapper 50 Cent has parallels to the fictional story of Jay Gatsby. What are some similarities? What are some differences?

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50 Cent - I Get Money (Official Music Video)

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50 Cent is down for the count after losing a multi-million dollar lawsuit ... he's just declared bankruptcy.

TMZ has confirmed ... 50 filed for bankruptcy on Monday, 3 days after Rick Ross' baby mama won a $5 million jury verdict against him.

50 is in a world of financial hurt. A jury awarded Lavonia Leviston the $5 mil after determining the rapper intentionally leaked a sex tape in which she was featured, in order to embarrass Ross.

50 has been ordered to produce proof of income and worth so the jury can determine punitive damages.

According to the bankruptcy filing -- a story first reported by Page 6 -- 50 says his assets are valued between $10 and $50 million but his liabilities are also between the same range.

On top of that, 50 lost a court case in which a jury socked him with a $17.2 million judgment over ripping off a headphones design.

It's a breathtaking fall .. in May, Forbes estimated 50's net worth at $155 million.

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50 Cent -- I'm Busted ... Declares Bankruptcy

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50 Cent is down for the count after losing a multi-million dollar lawsuit ... he's just declared bankruptcy. TMZ has confirmed ... 50 filed for bankruptcy on Monday, 3 days after Rick Ross ' baby mama won a $5 million jury verdict against him. 50 is in a world of financial hurt.

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The American Dream has been defined for generations as the idea that "If you work hard, you can make it." 50 Cent's debut album was called "Get Rich or Die Tryin'".

50 Cent is (thankfully) not dead but he is no longer rich. Will there be a second act to this American life?

Do you believe that, in the United States, if you work hard, you can make it?

After you read the two editorials below, we will have a class discussion around the above central question as a Socratic Seminar.

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What Happened to the American Dream editorial Gatsby SS