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• W762197076 abstract "With a touch of good-humored self-deprecation, Nick Carraway acknowledges a degree of naivete in outlook with which he begins his career a bond-salesman: a set of newly purchased volumes on banking and credit and investment securities will unfold shining secrets that only Midas and Morgan and Mecenas knew (7). A similar low-key humor informs his response to improbable juxtapositions he witnesses at first party he attends at Gatsby's; but one of seemingly incongruous catalogues that he recites--his surmise that some of guests are selling bonds or insurance or automobiles (35)--may reflect his broadening awareness of how pervasive financier's magic was becoming in 1922, descending House of Morgan almost to institution that advertises Repairs. GEORGE B. WILSON. Bought and Sold (22). Lauraleigh O'Meara shows how, in emotional dynamic between George Wilson and Tom Buchanan, Buchanan's blue coupe transcend[s] its functional purpose and takes on characteristics of a medium of exchange whose value, as in actual financial markets, external circumstances and events cause ... to fluctuate (86, 82). Wilson's complex emotional investment in coupe nevertheless includes a simple plan for pecuniary gain; when he says, I could make some money on [coupe] (96), Wilson almost certainly means that he thinks he can sell car for more than he pays for it. In automotive marketplace of 1922, a dealer in used cars would ordinarily have found that difficult if not impossible, but an irony of Wilson's talk about his prospect of making money by means of coupe is that, in a year when re-selling a used car seldom yielded profit to a dealer, used cars commonly served a form of currency that enabled widening spirals of money-creation. Midas transformed every object he touched into precious metal, thus creating a problematic gold standard, and likes of J. P. Morgan had complementary power of transforming precious metal into financial instruments. In early 1920s influence of such financial elites grew in part because millions of ordinary citizens acquired in a small degree ability to turn steel, glass, wood, and rubber into currency. grocer who buys Nick Carraway's old Dodge at end of Great Gatsby is probably interested only in car's function transportation, in its use-value. George Wilson is interested in Buchanan's coupe a commodity, in its exchange-value. Among middle-class consumers in 1922, abstraction a car's use-value often went beyond commodification to monetization; and Jay Gatsby's engagement in this kind of abstraction makes him more typical than unique. For all gorgeousness that Nick sees in Gatsby, one manifestation of Gatsby's sustained belief in the promises of life (6) is his monetizing Daisy Fay much masses whom he wants to distinguish himself monetize cars. GEORGE WILSON AND AUTOMOTIVE FASHION Although Buchanan thinks Wilson is so dumb he doesn't know he's alive (23), Wilson's persistent interest in acquiring blue coupe comports well with trends in automotive industry that were gaining momentum in 1922. In 1919, only about 10% of cars manufactured in United States were closed cars, like Buchanan's coupe. By 1922 about 30% of U.S.-built cars were closed, however, and by 1926 percentage was more than 70% (Epstein 112). For many years, variety in color was rather limited, and ubiquitous Model T was available only in black 1915 through 1925 (Collins 154); but by late 1926, automakers and consumers had a thousand colors or shades to choose from (McCarthy 80). most dramatic expansion in options for color was made possible by technical advances that first affected 1924 model year (McCarthy 80), but journalism announced trends in color and body styles early. Articles titled The Balance Swings to Closed Car and The Open Season for Closed Cars appeared in trade journal Motor in 1922 (McCarthy 290), and George B. …" @default.
• W762197076 created "2016-06-24" @default.
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• W762197076 date "2015-01-01" @default.
• W762197076 modified "2023-09-28" @default.
• W762197076 title "I Could Make Some Money: Cars and Currency in the Great Gatsby" @default.
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