James Crawford and David Smith, two lifelong friends, had been through a time of prosperity during the Roaring Twenties. James, who was distinctly older than Bruce, had hair the color of sand and eyes of frozen, clean ice. David, with his trademark unkempt hair and stubble beard, had a tragic past. He had lost his house in a fire, and turned to the markets to get back his life, which left a burning scar in his life. For over three years, David had lived with James. He enjoyed spending more time with his friend whom he has known since the third grade. David thought he would get his life back. With over $50,000 invested, David could not have lost his money at a worse time. As soon as he thought his like would peak, an avalanche buried his chances. “Why is everybody crowding on Wall Street?”, David had pondered. Nothing had really …show more content…
James, pale as a sheet, walked toward the kitchen, shaking his head. “The market’s crashed. Everyone has lost everything.” James stated. “Nobody knows how it happened, but it sure did.” David broke down into a cloud of tears and explicit language. “Why me? I always lose everything!” He walked out to the balcony, and saw people running in the street. Their trampling feet had startled the pigeons, one of them running straight into a building. James, trying to console David, had not really helped. David had always had a history of never finding a way to get past a tragic event, because of all the events that had happened to him. For the next five weeks, they had gone to different places, getting free oatmeal, bread, and coffee. However, this only came once a week. “We need to get jobs,” James declared. “There’s a job fair on Saturday. Let’s go early to get our money’s worth.” “Alrighty,” David agreed. For the next five days, the weather had been dreary. Rain splattered everywhere, creating a clear graffiti along the pavement, which mirrored whomever looked at
“I'm going to the diner I work a 8 - 9:30 shift today and I already called in on tuesday so I really need this money.” said
The sun peeks through my cardboard plywood tent. My burlap pillow scratches against my skin and the frosty breeze penetrates my flimsy blanket. I used to sleep on the softest of silk sheets covered by a thick comforter stuffed with goose feathers. I lived in a sizable house with my wife and worked on Wall Street making some real good money. The Dow sure was kind to me. The market was a bull market. I had so much confidence in that market that I bought a great deal of stocks on margin. I would have sworn on my life that I would earn back the money I borrowed and then some. Clearly, that didn’t happen. On October 29, 1929, Black Tuesday, I lost everything. It seemed as if on that day the whole country sold their stocks. Logically, prices plummeted. My shares became virtually worthless. All of my money was invested in the market, so when the market went down the drain, my money and essentially my life followed. Unable to pay back what I owed, the bank foreclosed on my home. Needing a man that could provide for her, my wife left me for a doctor. In a matter of months, I went from the high man on the totem bowl, to a homeless bum living in a shanty town.
About a week later, thing was out of usual. The sun was didn’t come out, they bird wasn’t squeezing anymore, James wife was in a bad mood and James didn’t feel like reading his favorite book. The cloud was very dark, James see people in a hurry to read the newspaper like never before. People gather in group and they read the important thing in the newspaper out loud so the mob of people gather around could hear. “James called his wife honey could
During the Great Depression in 1929, there was Fernando Francisco the farmer with his only alluring and style 16 year old daughter Nancy Francisco at their barn. On a Tuesday morning in October 29, 1929, Fernando rocked back and forth, while glimpsing through the newspaper. Something caught his eye, it was this “The stock market has just crashed today, Wall street is in a panic and wiped out millions of investors.” After reading, Fernando went straight to the front of the entrance, and started to make billboards.
The police told David he had to call his mom and David begged for him not to but he told him he would tell her about how he was going to be taken to jail. This statement was not true of course but David thought he really was being taken to jail until he left with the officer once again and the officer turns to David and tells him he's free and that his mom will never hurt him again. David’s years after consisted of foster home to foster home and when he turned 18 years old he decided to join the Military which was his life-long dream. David never contacted his family, or mainly his mother, ever again. He didn't wish to speak to them for that matter and never did. David was finally happy with his life and away from his miserable mother and family. To me this book is sad but it is an amazing example of how our own spirit can provide strength and hope in the worst situations. David's spirit and hope for a better tomorrow helped him to survive through his mother's emotional and physical abuse he received for years. David absolutely refused to let his mother win. He had no one to help him or lean on so he learned how to fend for himself. His profound courage and determination saved him along with help finally from teachers, the nurse and the police officer.
Despite Gekko’s initial attempts to warn Wall Street of the economic downturn and market crash that has yet to come, still no one believes him because people look into him as a man that has been reduced his standing in a financial world. That’s why he decided to rebuild his relationship with his daughter, Winnie. But it seems that it has been difficult for him to that because her daughter blames him for what happened to his son Rudy. At the same time, Jacob, fiancée of Winnie suspects Bretton James for the death of his mentor. And to satisfy his feelings or to seek revenge for his mentor, he made a trade with Gekko by helping him in exposing illegal trades of Bretton in exchange of helping Gekko to rebuild his relationship with
Plot Summary: Young orphan, Beck Phillips, is sent to live in an old family mansion with his uncle and discovers a huge family secret, the power to make plants grow for the sinister purpose of hatching dragons.
There are many instances in David's young life when he is cast out into the world and made to make due by himself, luckily, most times someone comes along to aid and guide him in his struggles. That is not the case, however, when David has no other choice but to run away from Mr. Murdstone's factory in hopes of finding his aunt. Here he is, from the very beginning of the journey, stripped of his possessions and left utterly alone. As if that wasn't enough, throughout his journey David repeatedly meets people who are intent in taking advantage of him and his innocence. To his dismay and ours, David can't do much more than simply accept the abuse and restrain himself from fighting back; for he knows he cannot win against his abusers. It is in this episode of the book that we begin to see David's heroism, to really learn who David is as a person. We see how, in the brutal situations he is exposed to, he refuses,
She woke up everyone else. "Hey guys, we're going job hunting, if any of you want to tag along, get up and get dressed." She said, and of course, everyone just went back to sleep. She rolled her eyes, walking back downstairs. "Alright, lets get going." She said, smiling slightly.
Well-written chronicle of the 1929 Wall Street crash; and the key figures and investments that contributed to the market's collapse. JKG's laconic humor makes the book a delightful read.A negative is that the Kindle version is very poorly copyedited. The electronic version is rife with misspellings, missing words, and other copy errors,
“We went with the traders,” Nettle said. “It’ll be fun. The food will be better.”
I swerved and stopped abruptly .No! James! I felt impotent as I stood there seeing my best friend turn into a ball of fire. If only I saw this coming. If only I warned him, or just waited till he got used to it. If only I refused his offer. I fell on my knees; tears falling off my face like rain drops. Memories crumbled, shattered… disappeared. My hands trembled with fear, confusion and guilt. It felt like I was interrogating myself, what will I say to his mother? Will she blame me for his death? How did this start? I was in agony, staring at the fire reminiscing.
1930’s Wall Street is in ruins, the stock market has crashed and the world is in the greatest economic depression the world has ever seen. Overnight investors lost 14 billion dollars and by the end of the year investors lost 40 billion dollars.
Many people were trying to make their money investing in the stock market. It was the new ‘gold rush’. The earnings in the stock market from 1923 to 1929 was an increase of 400%. People were excited. This excitement lured more investors into the market with borrowed money. However, stock market prices were being driven by the optimism of the investor and not economic fundamentals. When the stock market crashed, the value of each shared had fallen about ninety percent. In total, twenty-five billion was lost (in today dollars … $319 billion).* The bull market had been replaced by a bear market. Many Americans had lost “faith” in Wall Street. In the business world, the law of nature states, what goes up must go down. Throughout the nineteenth century an economic boom (the 1920s) had been followed by a bust (Stock Market Crash of
It rained for four years, eleven months, and two days. There were periods of drizzle during which everyone put on his full dress and a convalescent look to celebrate their clearing, but people soon grew accustomed to interpret the pauses as a sign of redoubled rain (315).