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 dust jacket art greatly impressed Fitzgerald, and he incorporated its imagery into the novel.

Charles Scribner's Sons published The Great Gatsby on April 10, 1925.[137] Fitzgerald cabled Perkins the day after publication to monitor reviews: "Any news?"[137] "Sales situation doubtful [but] excellent reviews", read a telegram from Perkins on April 20.[138] Fitzgerald responded on April 24, saying the cable dispirited him, closing the letter with "Yours in great depression".[138] Fitzgerald soon received letters from contemporaries Willa Cather, Edith Wharton, and poet T. S. Eliot praising the novel.[139] Although gratified by such correspondence, Fitzgerald sought public acclaim from professional critics.[140]


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Several reviewers felt the novel left much to be desired following Fitzgerald's previous works and criticized him accordingly. Harvey Eagleton of The Dallas Morning News predicted that the novel signaled the end of Fitzgerald's artistic success.[147] Ralph Coghlan of the St. Louis Post-Dispatch dismissed the work as an inconsequential performance by a once-promising author who had grown bored and cynical.[148] Ruth Snyder of New York Evening World lambasted the book's style as painfully forced and declared the editors of her newspaper were "quite convinced after reading The Great Gatsby that Mr. Fitzgerald is not one of the great American writers of today".[149] John McClure of The Times-Picayune insisted the plot was implausible and the book itself seemed raw in its construction.[150]

To Fitzgerald's great disappointment, Gatsby was a commercial failure in comparison with his previous efforts, This Side of Paradise (1920) and The Beautiful and Damned (1922). By October, the book had sold fewer than 20,000 copies.[59]Although the novel went through two initial printings, many copies remained unsold years later.[155] Fitzgerald attributed the poor sales to the fact that women tended to be the primary audience for novels during this time, and Gatsby did not contain an admirable female character.[155] According to his ledger, he earned only $2,000 from the book.[156] Although Owen Davis' 1926 stage adaptation and the Paramount-issued silent film version brought in money for the author, Fitzgerald lamented that the novel fell far short of the success he had hoped for and would not bring him recognition as a serious novelist in the public eye.[59] With the onset of the Great Depression, The Great Gatsby was regarded as little more than a nostalgic period piece.[59] By the time Fitzgerald died in 1940, the novel had fallen into near obscurity.[157]

In 1940, Fitzgerald suffered a third and fatal heart attack and died believing his work forgotten.[158] His obituary in The New York Times hailed him as a brilliant novelist and cited Gatsby as his greatest work.[159] In the wake of Fitzgerald's death, a strong appreciation for the book gradually developed in writers' circles. Future authors Budd Schulberg and Edward Newhouse were deeply affected by it, and John O'Hara acknowledged its influence on his work.[160] By the time that Gatsby was republished in Edmund Wilson's edition of The Last Tycoon in 1941, the prevailing opinion in writers' circles deemed the novel to be an enduring work of fiction.[59]

Most impressively, recent research by Raj Chetty and coauthors using tax data finds that areas within the U.S. that have greater income inequality also tend to have less upward mobility for children from low-income families (see graph below). They further find that young children who move to areas with substantial upward mobility tend to reap the benefit of living in those surroundings, suggesting that changes to environmental factors can enhance economic opportunity.

The Roaring Twenties, the Jazz Age, and what F. Scott Fitzgerald would later describe as the greatest, gaudiest spree in history have all come to describe America under the influence of Prohibition. In Fitzgeralds novel The Great Gatsby, we are introduced to the opulent lives of wealthy east coasters during one of the rowdiest periods in American history. How accurate is this portrait of Prohibition America, and what influences led our country into an era of drunken excess?

As the demand for illegal liquor increased, so did the methods for masking its production and consumption. Cocktails gained popularityheavily flavored concoctions assembled to disguise the taste of potent bathtub gin with juices, herbs, sweeteners and syrups. Finger food became fashionable, which helped to increase liquor tolerance by ensuring that party-goers werent drinking on an empty stomach. Bootleggers, forced to produce liquor in secret, used questionable methods to ferment gin and other types of alcohol in their homes. Often poisonous ingredients, such as methanol (wood alcohol), were used. A government report from 1927 stated that nearly all of the 480,000 gallons of liquor confiscated in New York that year contained some type of poison. Jamaica ginger extract, also known as Jake, was sold in pharmacies as a headache remedy. It didnt taste great, but it did contain high amounts of alcohol. Over time, more toxic ingredients were added that could result in paralysis, a condition often referred to as Jake Leg.

In short, more inequality at any point in time is associated with a greater transfer of economic status across the generations. In more unequal societies, the poor are more likely to see their children grow up to be the next generation of poor, and the rich are more likely to see their children remain at the top rungs of the economic ladder.

These are important questions because they help us to appreciate the implications of economic inequality and mobility for public policy: How should we think about sliding down the Great Gatsby Curve? Is that desirable? How is it possible? Others can discern how sliding down the Great Gatsby curve may affect the greater economy, but if the reasons include lack of access to opportunity, then the effects on growth could be important.

In America all three of these forces are aligned in a way that reinforces rather than weakens the tie between socioeconomic status and adult outcomes. American families are more diverse in their capacity to invest in and promote the human capital of their children. Labor markets are more unequal, skewing resources and incentives in a way that benefits the relatively rich. And in spite of these greater challenges, public policy does less to level the playing field. Indeed, in some important ways, policies do just the opposite, tilting the playing field to help the more advantaged.

Though Daisy is a married socialite and a mother, Gatsby still worships her as his "golden girl." They first met when she was a young lady from an affluent family and he was a working-class military officer. Daisy pledged to wait for his return from the war. Instead she married Tom Buchanan, a wealthy classmate of Nick's. Having obtained a great fortune, Gatsby sets out to win her back again.

The beacon and the other Fitzgerald symbols are in this movie version, but they communicate about as much as the great stone heads on Easter Island. They're memorials to a novel in which they had meaning. The art director and set decorator seem to have ripped whole pages out of Fitzgerald and gone to work to improve on his descriptions. Daisy and her husband, the ruthless millionaire Tom Buchanan, live almost drowning in whites, yellows, and ennui. Tom's mistress Myrtle and her husband, the shabby filling station owner George, live in a wasteland of ashes in Fitzgerald's novel; in the movie, they seem to have landed on the moon.

A stout, middle-aged man, with enormous owl-eyed spectacles, was sitting somewhat drunk on the edge of a great table, staring with unsteady concentration at the shelves of books. As we entered he wheeled excitedly around and examined Jordan from head to foot.

Over the great bridge, with the sunlight through the girders making a constant flicker upon the moving cars, with the city rising up across the river in white heaps and sugar lumps all built with a wish out of nonolfactory money. The city seen from the Queensboro Bridge is always the city seen for the first time, in its first wild promise of all the mystery and the beauty in the world.

Daisy put her arm through his abruptly, but he seemed absorbed in what he had just said. Possibly it had occurred to him that the colossal significance of that light had now vanished forever. Compared to the great distance that had separated him from Daisy it had seemed very near to her, almost touching her. It had seemed as close as a star to the moon. Now it was again a green light on a dock. His count of enchanted objects had diminished by one.

After a little while Mr. Gatz opened the door and came out, his mouth ajar, his face flushed slightly, his eyes leaking isolated and unpunctual tears. He had reached an age where death no longer has the quality of ghastly surprise, and when he looked around him now for the first time and saw the height and splendour of the hall and the great rooms opening out from it into other rooms, his grief began to be mixed with an awed pride. I helped him to a bedroom upstairs; while he took off his coat and vest I told him that all arrangements had been deferred until he came.

Considered by many to be the greatest novel of all time. Set against the bopping back drop of the Jazz Age, the story of Jay Gatsby and his lover Daisy is truly timeless. Just as relevant now as when it was written, it's the story of class divides, moral depravity and the death of the American Dream. be457b7860

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