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how did gatsby get rich

how did gatsby get rich

how did gatsby get rich

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The Great Gatsby

The Great Gatsby is a 1925 novel by American writer F. Scott Fitzgerald. Set in the Jazz Age on Long Island, near New York City, the novel depicts first-person narrator Nick Carraway’s interactions with mysterious millionaire Jay Gatsby and Gatsby’s obsession to reunite with his former lover, Daisy Buchanan.

The novel was inspired by a youthful romance Fitzgerald had with socialite Ginevra King, and the riotous parties he attended on Long Island’s North Shore in 1922. Following a move to the French Riviera, Fitzgerald completed a rough draft of the novel in 1924. He submitted it to editor Maxwell Perkins, who persuaded Fitzgerald to revise the work over the following winter. After making revisions, Fitzgerald was satisfied with the text, but remained ambivalent about the book’s title and considered several alternatives. Painter Francis Cugat’s cover art greatly impressed Fitzgerald, and he incorporated aspects of it into the novel.

April 1925

After its publication by Scribner’s in April 1925, The Great Gatsby received generally favorable reviews, though some literary critics believed it did not equal Fitzgerald’s previous efforts. Compared to his earlier novels, Gatsby was a commercial disappointment, selling fewer than 20,000 copies by October, and Fitzgerald’s hopes of a monetary windfall from the novel were unrealized. When the author died in 1940, he believed himself to be a failure and his work forgotten.

how did gatsby get rich
how did gatsby get rich

During World War II, the novel experienced an abrupt surge in popularity when the Council on Books in Wartime distributed free copies to American soldiers serving overseas. This new-found popularity launched a critical and scholarly re-examination, and the work soon became a core part of most American high school curricula and a part of American popular culture. Numerous stage and film adaptations followed in the subsequent decades.

Great American Novel

Gatsby continues to attract popular and scholarly attention. Contemporary scholars emphasize the novel’s treatment of social class, inherited versus self-made wealth, race, and environmentalism, and its cynical attitude towards the American dream. One persistent item of criticism is an allegation of antisemitic stereotyping. The Great Gatsby is widely considered to be a literary masterwork and a contender for the title of the Great American Novel.

Historical and biographical context

Set on the prosperous Long Island of 1922, The Great Gatsby provides a critical social history of Prohibition-era America during the Jazz Age. F. Scott Fitzgerald’s fictional narrative fully renders that period—known for its jazz music, economic prosperity, flapper culture, libertine mores, rebellious youth, and ubiquitous speakeasies. Fitzgerald uses many of these 1920s societal developments to tell his story, from simple details like petting in automobiles to broader themes such as bootlegging as the illicit source of Gatsby’s fortune.

Fitzgerald conveys the hedonism of Jazz Age society by placing a relatable plotline within the historical context of the most raucous and flashiest era in American history. In Fitzgerald’s eyes, the era represented a morally permissive time when Americans of all ages became disillusioned with prevailing social norms and obsessed with pleasure-seeking. Fitzgerald himself had a certain ambivalence towards the Jazz Age, an era whose themes he would later regard as reflective of events in his own life.

Ginevra

The Great Gatsby reflects various events in Fitzgerald’s youth. He was a young Midwesterner from Minnesota. Like the novel’s narrator who went to Yale, he was educated at an Ivy League school, Princeton. There the 19-year-old Fitzgerald met Ginevra King, a 16-year-old socialite with whom he fell deeply in love. Although Ginevra was madly in love with him, her upper-class family openly discouraged his courtship of their daughter because of his lower-class status, and her father purportedly told him that “poor boys shouldn’t think of marrying rich girls”“.

How Did Gatsby Get Rich?

The Great Gatsby by F. Scott Fitzgerald incorporates a rich protagonist that appears to have a vast measure of cash for parties. On top of that, he spends this money on his lavish parties every weekend. This is one of the reasons why most people ask the question: How did Gatsby get rich? Indeed, the exemplary book clarifies all and is worth giving a read. You would want to see Jay Gatsby prevail as he continued looking for the American Dream.

The events of the book occur during the 1920s in a well-off neighborhood where individuals run to a costly chateau but nobody is by all accounts mindful of the host. The narrator of the story Nick Carraway, discloses everything to us as we read the story.

To learn more about Jay Gatsby and his insurmountable wealth, continue reading this article.

Where Did Gatsby Live?

James Gatz was born in around 1890 in the rural side North Dakota, to a poor rancher family. He went to St. Olaf College in Minnesota, however, dropped out within the first few weeks into his first semester since he detested supporting himself by filling in as a janitor.

In the summer of 1907, in the wake of dropping out, he went to Lake Superior, where he met a big shot from the copper industry, Dan Cody in Little Girl Bay. Cody turned into Gatz’s coach and welcomed him to accompany him on his ten-year long yacht journey. At seventeen years old, Gatz changed his name to Jay Gatsby and, in the following five years, acquired the ways and the style of the rich.

how did gatsby get rich
how did gatsby get rich

United Kingdom

Gtasby also served in World War 1 and during the war, was able to reach the position of Major in the United States sixteenth Infantry Regiment, and was awarded for courage for his cooperation in the Marne and the Argonne. After the battle (as he additionally discloses to Nick Carraway years after the fact), he lived in the United Kingdom for some time, where he went to Trinity College, Oxford. In any case, he has a problem with being called an “Oxford man”. He discloses to Tom Buchanan that “I just remained five months”.

That is the reason I can’t generally consider myself an Oxford man”. With his tremendous salary, Gatsby bought a house in the anecdotal West Egg (a reference to Great Neck or maybe Kings Point) of Long Island. West Egg lies on the opposite bay from old-cash East Egg (a reference to Sands Point), where Daisy, Tom, and their three-year-old little girl Pammy live. At his West Egg house, Gatsby consistently has huge extravagant parties, open to any and all individuals, trying to pull in Daisy as a guest in the party.

How did Jay Gatsby get all of his money in The Great Gatsby?

The Great Gatsby strongly implies that Jay Gatsby got his money from bootlegging. Tom does research on Gatsby and finds out he has been in business with Meyer Wolfsheim selling grain alcohol over the counter in drug stores. Wolfsheim uses him as a frontman in his business ventures on account of Gatsby’s good looks and refined manners. Since not much background is given, it is possible Gatsby acquired additional wealth from other illegal business.

Was the Great Gatsby Broke?

Baz Luhrmann’s screen adaptation of The Great Gatsby has already inspired new interest in the lavish lifestyle of Jay Gatsby, the book’s mysterious millionaire protagonist. Gatsby-themed parties are popping up around the country, in somewhat misguided homage to the over-the-top shindigs Gatsby held at his West Egg mansion. These parties were all-weekend affairs, filled with luxury accoutrements: live music, gourmet meals, free-flowing liquor. Nothing, it seemed, was too expensive for Jay Gatsby.

Upon rereading the book recently, I took special note of Gatsby’s spending habits. He described as a wealthy man. But he’s still living a very tony lifestyle for someone who made most of his money bootlegging. One over-the-top party, yes. But an over-the-top party every weekend? Even hedge-funders don’t live like that.

Jay Gatsby

So I pulled every nugget from The Great Gatsby related to Gatsby’s personal wealth and income, and every passage that detailed his spending. And — with the help of some experts — tried to re-create a historical ledger that might have shown the state of Jay Gatsby’s fortune. If he had been a real person and not a figment of F. Scott Fitzgerald’s imagination. It turns out that, far from accumulating vast stores of wealth, Jay Gatsby might have been spending beyond his means.

MONEY IN

First, let’s start by examining Gatsby’s incoming cash flows. We told that Gatsby came up from essentially nothing, and that the first time he met Daisy Buchanan. He was “a penniless young man.” His fortune, we told, was the result of a bootlegging business. He “bought up a lot of side-street drug-stores here and in Chicago” and sold illegal alcohol over the counter.

In the summer of 1922, when The Great Gatsby set, Prohibition was only two and a half years old. The Volstead Act, which officially prohibited the selling and manufacture of alcoholic drinks, passed in late October, 1919. If we assume that Gatsby began selling liquor in Chicago several months after the Volstead Act’s passage. That gives him roughly two years to have built up a fortune.

how did gatsby get rich
how did gatsby get rich

1920 and 1921

Bootlegging was a fairly low-margin business, since so much of every dollar made spent on bribes, lawyers, and mob protection. And Gatsby’s start-up costs would have eaten into his first-year profits. After paying his employees, legal and transportation costs. And giving a split of his proceeds to Meyer Wolfsheim, his business partner. It’s unlikely that Gatsby’s personal profits in 1920 and 1921 would have amounted to megamillions.

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Even the most famous bootleggers in America rarely made millions during the early years. Al Capone said during his tax-evasion trial to have made $1 million in 1924 and 1925 combined. A time when the bootlegging business better established. Dean O’Banion, Capone’s main rival, said to have made $1 million annually on bootlegged liquor, but only at his peak.

2008

And George Remus, a notorious Cincinnati-based bootlegger who dubbed “King of the Bootleggers” in a 2008 biography by William A. Cook, only began making serious money after 1921 (his total net worth estimated at $6 million by 1925). When he entered into a “gentleman’s agreement” with law enforcement officials that allowed him to avoid prosecution.

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