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His inability to awaken from his dream of the past and accept reality is Gatsby's tragic flaw. The ultimate cause of his demise was his dream for Daisy.
Money cannot buy happiness, as the book and Fitzgerald's treatment of the characters' lives show. Due to the incorrect interpretation of the American dream and the decline in moral values, Gatsby was unable to win Daisy's love.Gatsby relentlessly pursues what he did not have, namely material wealth, because his dream is to win Daisy back. He loses himself in the process and is unable to realize his ideal.
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