Thesis: How Oliver Stone Realistically dipicts New York City social, political, and economical life during the mid nineteen eighties.
1. Talk about the economic era of the mid eighties.
2. Talk about the political events like Reagan and Ed Koch policies at the time.
3. The social aspect of New York specifically Wall Street and the mentality of New York City.
4. Explain the plot of Wall Street.
5-8. Compare and prove my point about how Oliver Stone realistically depicts Wall Street with life living in NYC at the time.
9. Conclusion.
Wall Street. Dir. Oliver Stone. Perf. Michael Douglas. 1987. 20th Century Fox, 2010.DVD
Feigenbaum, Eric. “The 1980s: Search for Identity” Oct. 24.2001.
http://vmsd.com/content/the-1980s-search-identity
SocialExplorer.com
“Wall Street crash:
What does it mean?. November 1987. Sam Marcy. 12 November 2010.
http://www.workers.org/marcy/cd/samwall/wallst/wallst.htm).
Thursday, December 9, 2010
Blog 11: Midterm
Steven Figueroa
Media Communication
Prof. Louis Lucca
10/21/10
Adult Eccentric Comic Creators: How Eastman and Laird change the comic industry
During the nineteen eighties Marvel and DC both dominated the entire comic book industry. Becoming a comic book writer or artist was difficult since Marvel/DC have total control of the character the creator is writing, also if one writer or artist comes up with a new character it is now corporate owned. Plus these writers are not compensated with royalties just being paid for drawing and writing iconic characters. Thus the black and white comic book boom was born. Allowing people who wish to pursue a career in the comic industry without working for the big two can promote their comics to readers easily at their local comic shops. Kevin Eastman and Peter Laird were one of the few who were successful marketing and publishing their own material. With their success of comic publishing they will go on and try to change the status quo that Marvel/DC put on the industry foe independent comic creators or at lease attempt to.
Kevin Eastman and Peter Laird are creators of the Teenage Mutant Ninja Turtles comic book that first appeared in nineteen eighty four. Both creators were inspired comic artist and cartoonist that came up with a concept so ludicrous it just had to be made into a story, as Kevin pointed out “We liked these guys so much we didn't want to give them to anybody else, what are we going to do with them now? How do we explain them? What would they do?”(Douglas C. McGill, New York Times). Fueled by their inspiration and bizarre concept they borrowed money from their friends and loved ones to self publish their comic book idea. They both worked for several weeks on the story, concept, inking, lettering, ect. Both creators being enthusiastic and realistic at the same time since they question wither the comic would sell and appeal to readers who are consumed by the superhero genre that dominated at the time. This is why the first issue of the TMNT comic was forty pages and ended the story.
Eastman and Laird only printed three thousand copies and had limited marketing of their independent comic, until their local distributer out sold more of their entire lot which Peter Laird and Kevin Eastman never expect. The comic had sold a couple of hundred thousand copies nationwide. Kevin Eastman and Peter Laird were the lucky few that survived the black and white comic book boom of the eighties. They also challenged the comic book industry showing that readers are in fact interested in genres other than superheroes which was what Marvel and DC were mostly dishing out at the time, also showed that people can manage their own creative content. Plus they showed anyone can get a career in the comic industry without having to work with either Marvel or DC.
After the success of the TMNT (Teenage Mutant Ninja Turtles) comic sales both Peter Laird and Kevin Eastman tried their best to aid independent comic book creators and companies to protect their creatively own material with ideas like the “Bills of Rights for Comic Creators”. Throughout a series of meetings in Northampton Kevin Eastman/ Peter Laird along with other independent comic owners created the Bill of Rights for Comic Creators which allowed independent comic publishers to create and fully owned their content. Comic creators are allowed to publish, market, and have creative control over their own content. They have the right to distribute, manufacture or distribute copies of their creatively owned comics, and gain royalties from their establish properties. In other words comic creator’s works are now protected and cannot be exploited by bigger companies who could buy them out and sweep their creations under the rug unless if the creator sign his rights away to the corporations.
Unfortunately many comic creators didn’t take it seriously and believe or thought to be a mandatory law that forces comic creators to abide by their rules which wasn’t said Kevin Eastman in an interview “What we fell is that there were so many up and coming people like us that, the bill of rights was attended as an informational document saying these are you’re rights. These are the things you should be aware of and if you go in to Marvel and DC, and decide to sign away all those rights. We just wanted you to be aware you’re signing away all those rights” (FanExpo: Kevin Eastman Interview, by Doug Groves).
Kevin Eastman was a strong supporter of the Bill of Rights for comic creators and wanted to put this into practice with his new publishing company. In the early nineties Kevin Eastman felt he should do something more in his career then writing and creative concoctive on TMNT stories, so Eastman manage to sell his rights and shares to Laird in order to open his own comic publishing company called Tundra Publishing. Tundra was an independent publisher that allowed comic writers and artist to be their own editors, creative consultant, and proprietors of their own content being distribute. Basically comic writers have the freedom of doing their projects in their own vision without any disagreements or creative changes done by Eastman or anyone else, but themselves. Tundra allowed their comic creators eighty percent of the profits of royalties from sales. All Eastman asked for was twenty percent for publishing rights and paying his employees, bills, rent etc.
Tundra publishing was famous for having award winning writers, artists, and high production value spent on art materials for artist to work on. Writers like Alan Moore, Dave McKean, and Neil Giaman jumped ship on the new publisher to create comics in their own artistic vision that Marvel and DC wouldn’t dare to accept. Tundra was the first friendly comic creator owned company at the time which eventually gains a lot of attention from other famous writers. Big comic companies were looking over their shoulders and forced their biggest stars into a contract deal to work for them exclusively. This was unfortunate since Tundra had won forty awards from their comics also showed promise, but never met the sales Eastman was hoping. Eastman spends thirteen million dollars with the money he earned from TMNT merchandising on his ideal project only to fail on two accounts and was asked in an interview if this was his greatest disappointment in his career.
Eastman replied “No, for doing the TMNT comic was like going to college and Tundra was like getting a Masters degree. So I learnt a lot with the Turtles and I learnt the rest of what I needed to know. We never stop learning. But I learnt the rest of what I needed to know when I did Tundra.”(Benjamin Kean, Talking to Kevin Eastman). The second reason why Tundra failed was distributers forcing a contract agreement working for them exclusively as mention before. Eastman said “We’ve got the raw end of the deal; In Tundra Alan Moore wasn’t writing the sequel to Watchmen or Dave McKean wasn’t writing Arkham Asylum 2. They were just writing stories for Tundra and other companies were scared that they’ll lose money with these writers working for us.”(Benjamin Kean, Talking to Kevin Eastman). Even with the failure of Tundra Eastman still held his chin up high and applied his lessons from Tundra on a bigger career change.
Peter Laird experimentation with his TMNT comic and self publishing he decided to create a nonprofit and charitable organization called the Xeric Foundation. The Xeric Foundation allowed what Peter Laird said to give something back to the comic community. The main purpose of this organization is to teach people how to self publish their own material into independent realm of comics and perhaps open doors for the individual in a career in comics. This organization is more of an “art for art sake” grant in fear if their comic idea is well it could be too commercialized by bigger companies and become the opposite of its artistic integrity. While the other is to promote a noble cause to donate the money they’ve earned to charity like Girls inc., Northampton music center, or Food Bank. Not everyone is eligible to inherit the money the Xeric grant offers.
The individual has to come up with a fantastic idea and the reason why the individual is doing this so they can be funded by the xeric foundation based on how much that individual need for making the comic. Then and only then it can be judge by professionals who work in self publishing comics. This foundation had paved open the careers of many literally cartoonist and comic writers/artists like Donna Barr and Jim Ottaviani. Who unfortunately are no longer work in the independent comics industry or are just graphic designers. This organization still exists today but Peter Laird isn’t a part of his Xeric Foundation anymore.
After the failure of Tundra Kevin Eastman still kept his chin up high and decided to roll the dice again and purchase a French comic book company called Heavy Metal. Heavy Metal is an adult sci-fi/fantasy genre comic company publishes in France and all of Europe. Kevin Eastman changed the mainstream comic demographic and targeted to adult males/ Females who are tired of reading superheroes or wanted something different from what the comic industry had to offer. Heavy Metal Magazine offers readers different short stories from different writers and artists who are allowed to express themselves freely though with Kevin Eastman supervision.
When people give independent creators credit they mostly give the five ‘fathers’ of Image comics the props. My grief is that these five guys had their fame from working with marvel comics. People like Rob Liefeld, Todd McFarlane, Jim Lee, and Erik Larsen are given credit for giving inspiration to the independent comic industry when they clearly almost run the entire comic industry to the ground. Rob Liefeld is a terrible artist who inspired a generation of young artist to draw distortion representation of the human anatomy and missing feet. He also cashed in on the spectator’s comic gimmick that devalues comics in an artistic and financial format. Plus he inspired a generation of poor storytelling and the generic looking superheroes from the nineties. Todd McFarlane also did the same thing marketing his character by reprinting the same issues of his works multiple times for money.
Sure Image was a lot like Tundra with writers and artist have creative control on their works. Problem is that most of these ‘writers’ were Marvels artists who jumped ship on a company and banked on their fame with their artistic talent. People liked Image comics but most of their works were essentially poorly written to downright rip-offs of previous characters they worked on from Marvel. Sure they were the most successful but eventually became the company they were against working. Image soon became corporate run and each of the five fathers were close to losing their rights of creations to the company. Artist like Jim Lee jumped ship from Image and sold his character rights to DC comics waving his independent roots for the corporate gain. Rob Liefeld sold his characters and went crawling back to Marvel continuously writing and drawing terrible comics that aren’t being sold today.
My point is that Kevin Eastman and Peter Laird are one of the pioneers of independent comics. They didn’t have fame or were well known people for their previous works with Marvel or DC since they never worked for the two. They have a strong passion for comics but didn’t want to worked on superheroes, so they came up with a bizarre concept by watching bad television and doodling.
Both Eastman and Laird proved that in a market dominated by two corporate conglomerates, if you have an idea and a pensionable talent you can be successful in an industry. They’ve tried to work with other independent comic creators to protect and make their rights self aware though many haven’t taken them seriously. Kevin Eastman tried his own dream by opening a creatively owned publishing company Tundra though successful to comic book creators failed with abysmal sales and giant comic companies taking Tundra writers for a better deal and an exclusive contract. Peter Laird created a nonprofit charity organization to promote new and upcoming independent comic artist called the Xeric foundation though successful is no longer a part of it.
No doubt these two comic creators of TMNT have more of an impact then anyone who worked at Image during the nineties.
Footnotes:
DOUGLAS C. McGILL, New York Times. DYNAMIC DUO: Kevin Eastman and Peter Laird; Turning Teenage Mutant Ninja Turtles Into a Monster.(http://www.nytimes.com/1988/12/25/business/dynamic-duo-kevin-eastman-peter-laird-turning-teenage-mutant-ninja-turtles-into.html)
Benjamin Ong Pang Kean, Newsarama.com. TALKING TO KEVIN EASTMAN 1: TURTLE DAYS, TURTLE NIGHTS. (http://forum.newsarama.com/showthread.php?t=127540)
Doug Groves http://www.rgbfilter.com/?p=168
Media Communication
Prof. Louis Lucca
10/21/10
Adult Eccentric Comic Creators: How Eastman and Laird change the comic industry
During the nineteen eighties Marvel and DC both dominated the entire comic book industry. Becoming a comic book writer or artist was difficult since Marvel/DC have total control of the character the creator is writing, also if one writer or artist comes up with a new character it is now corporate owned. Plus these writers are not compensated with royalties just being paid for drawing and writing iconic characters. Thus the black and white comic book boom was born. Allowing people who wish to pursue a career in the comic industry without working for the big two can promote their comics to readers easily at their local comic shops. Kevin Eastman and Peter Laird were one of the few who were successful marketing and publishing their own material. With their success of comic publishing they will go on and try to change the status quo that Marvel/DC put on the industry foe independent comic creators or at lease attempt to.
Kevin Eastman and Peter Laird are creators of the Teenage Mutant Ninja Turtles comic book that first appeared in nineteen eighty four. Both creators were inspired comic artist and cartoonist that came up with a concept so ludicrous it just had to be made into a story, as Kevin pointed out “We liked these guys so much we didn't want to give them to anybody else, what are we going to do with them now? How do we explain them? What would they do?”(Douglas C. McGill, New York Times). Fueled by their inspiration and bizarre concept they borrowed money from their friends and loved ones to self publish their comic book idea. They both worked for several weeks on the story, concept, inking, lettering, ect. Both creators being enthusiastic and realistic at the same time since they question wither the comic would sell and appeal to readers who are consumed by the superhero genre that dominated at the time. This is why the first issue of the TMNT comic was forty pages and ended the story.
Eastman and Laird only printed three thousand copies and had limited marketing of their independent comic, until their local distributer out sold more of their entire lot which Peter Laird and Kevin Eastman never expect. The comic had sold a couple of hundred thousand copies nationwide. Kevin Eastman and Peter Laird were the lucky few that survived the black and white comic book boom of the eighties. They also challenged the comic book industry showing that readers are in fact interested in genres other than superheroes which was what Marvel and DC were mostly dishing out at the time, also showed that people can manage their own creative content. Plus they showed anyone can get a career in the comic industry without having to work with either Marvel or DC.
After the success of the TMNT (Teenage Mutant Ninja Turtles) comic sales both Peter Laird and Kevin Eastman tried their best to aid independent comic book creators and companies to protect their creatively own material with ideas like the “Bills of Rights for Comic Creators”. Throughout a series of meetings in Northampton Kevin Eastman/ Peter Laird along with other independent comic owners created the Bill of Rights for Comic Creators which allowed independent comic publishers to create and fully owned their content. Comic creators are allowed to publish, market, and have creative control over their own content. They have the right to distribute, manufacture or distribute copies of their creatively owned comics, and gain royalties from their establish properties. In other words comic creator’s works are now protected and cannot be exploited by bigger companies who could buy them out and sweep their creations under the rug unless if the creator sign his rights away to the corporations.
Unfortunately many comic creators didn’t take it seriously and believe or thought to be a mandatory law that forces comic creators to abide by their rules which wasn’t said Kevin Eastman in an interview “What we fell is that there were so many up and coming people like us that, the bill of rights was attended as an informational document saying these are you’re rights. These are the things you should be aware of and if you go in to Marvel and DC, and decide to sign away all those rights. We just wanted you to be aware you’re signing away all those rights” (FanExpo: Kevin Eastman Interview, by Doug Groves).
Kevin Eastman was a strong supporter of the Bill of Rights for comic creators and wanted to put this into practice with his new publishing company. In the early nineties Kevin Eastman felt he should do something more in his career then writing and creative concoctive on TMNT stories, so Eastman manage to sell his rights and shares to Laird in order to open his own comic publishing company called Tundra Publishing. Tundra was an independent publisher that allowed comic writers and artist to be their own editors, creative consultant, and proprietors of their own content being distribute. Basically comic writers have the freedom of doing their projects in their own vision without any disagreements or creative changes done by Eastman or anyone else, but themselves. Tundra allowed their comic creators eighty percent of the profits of royalties from sales. All Eastman asked for was twenty percent for publishing rights and paying his employees, bills, rent etc.
Tundra publishing was famous for having award winning writers, artists, and high production value spent on art materials for artist to work on. Writers like Alan Moore, Dave McKean, and Neil Giaman jumped ship on the new publisher to create comics in their own artistic vision that Marvel and DC wouldn’t dare to accept. Tundra was the first friendly comic creator owned company at the time which eventually gains a lot of attention from other famous writers. Big comic companies were looking over their shoulders and forced their biggest stars into a contract deal to work for them exclusively. This was unfortunate since Tundra had won forty awards from their comics also showed promise, but never met the sales Eastman was hoping. Eastman spends thirteen million dollars with the money he earned from TMNT merchandising on his ideal project only to fail on two accounts and was asked in an interview if this was his greatest disappointment in his career.
Eastman replied “No, for doing the TMNT comic was like going to college and Tundra was like getting a Masters degree. So I learnt a lot with the Turtles and I learnt the rest of what I needed to know. We never stop learning. But I learnt the rest of what I needed to know when I did Tundra.”(Benjamin Kean, Talking to Kevin Eastman). The second reason why Tundra failed was distributers forcing a contract agreement working for them exclusively as mention before. Eastman said “We’ve got the raw end of the deal; In Tundra Alan Moore wasn’t writing the sequel to Watchmen or Dave McKean wasn’t writing Arkham Asylum 2. They were just writing stories for Tundra and other companies were scared that they’ll lose money with these writers working for us.”(Benjamin Kean, Talking to Kevin Eastman). Even with the failure of Tundra Eastman still held his chin up high and applied his lessons from Tundra on a bigger career change.
Peter Laird experimentation with his TMNT comic and self publishing he decided to create a nonprofit and charitable organization called the Xeric Foundation. The Xeric Foundation allowed what Peter Laird said to give something back to the comic community. The main purpose of this organization is to teach people how to self publish their own material into independent realm of comics and perhaps open doors for the individual in a career in comics. This organization is more of an “art for art sake” grant in fear if their comic idea is well it could be too commercialized by bigger companies and become the opposite of its artistic integrity. While the other is to promote a noble cause to donate the money they’ve earned to charity like Girls inc., Northampton music center, or Food Bank. Not everyone is eligible to inherit the money the Xeric grant offers.
The individual has to come up with a fantastic idea and the reason why the individual is doing this so they can be funded by the xeric foundation based on how much that individual need for making the comic. Then and only then it can be judge by professionals who work in self publishing comics. This foundation had paved open the careers of many literally cartoonist and comic writers/artists like Donna Barr and Jim Ottaviani. Who unfortunately are no longer work in the independent comics industry or are just graphic designers. This organization still exists today but Peter Laird isn’t a part of his Xeric Foundation anymore.
After the failure of Tundra Kevin Eastman still kept his chin up high and decided to roll the dice again and purchase a French comic book company called Heavy Metal. Heavy Metal is an adult sci-fi/fantasy genre comic company publishes in France and all of Europe. Kevin Eastman changed the mainstream comic demographic and targeted to adult males/ Females who are tired of reading superheroes or wanted something different from what the comic industry had to offer. Heavy Metal Magazine offers readers different short stories from different writers and artists who are allowed to express themselves freely though with Kevin Eastman supervision.
When people give independent creators credit they mostly give the five ‘fathers’ of Image comics the props. My grief is that these five guys had their fame from working with marvel comics. People like Rob Liefeld, Todd McFarlane, Jim Lee, and Erik Larsen are given credit for giving inspiration to the independent comic industry when they clearly almost run the entire comic industry to the ground. Rob Liefeld is a terrible artist who inspired a generation of young artist to draw distortion representation of the human anatomy and missing feet. He also cashed in on the spectator’s comic gimmick that devalues comics in an artistic and financial format. Plus he inspired a generation of poor storytelling and the generic looking superheroes from the nineties. Todd McFarlane also did the same thing marketing his character by reprinting the same issues of his works multiple times for money.
Sure Image was a lot like Tundra with writers and artist have creative control on their works. Problem is that most of these ‘writers’ were Marvels artists who jumped ship on a company and banked on their fame with their artistic talent. People liked Image comics but most of their works were essentially poorly written to downright rip-offs of previous characters they worked on from Marvel. Sure they were the most successful but eventually became the company they were against working. Image soon became corporate run and each of the five fathers were close to losing their rights of creations to the company. Artist like Jim Lee jumped ship from Image and sold his character rights to DC comics waving his independent roots for the corporate gain. Rob Liefeld sold his characters and went crawling back to Marvel continuously writing and drawing terrible comics that aren’t being sold today.
My point is that Kevin Eastman and Peter Laird are one of the pioneers of independent comics. They didn’t have fame or were well known people for their previous works with Marvel or DC since they never worked for the two. They have a strong passion for comics but didn’t want to worked on superheroes, so they came up with a bizarre concept by watching bad television and doodling.
Both Eastman and Laird proved that in a market dominated by two corporate conglomerates, if you have an idea and a pensionable talent you can be successful in an industry. They’ve tried to work with other independent comic creators to protect and make their rights self aware though many haven’t taken them seriously. Kevin Eastman tried his own dream by opening a creatively owned publishing company Tundra though successful to comic book creators failed with abysmal sales and giant comic companies taking Tundra writers for a better deal and an exclusive contract. Peter Laird created a nonprofit charity organization to promote new and upcoming independent comic artist called the Xeric foundation though successful is no longer a part of it.
No doubt these two comic creators of TMNT have more of an impact then anyone who worked at Image during the nineties.
Footnotes:
DOUGLAS C. McGILL, New York Times. DYNAMIC DUO: Kevin Eastman and Peter Laird; Turning Teenage Mutant Ninja Turtles Into a Monster.(http://www.nytimes.com/1988/12/25/business/dynamic-duo-kevin-eastman-peter-laird-turning-teenage-mutant-ninja-turtles-into.html)
Benjamin Ong Pang Kean, Newsarama.com. TALKING TO KEVIN EASTMAN 1: TURTLE DAYS, TURTLE NIGHTS. (http://forum.newsarama.com/showthread.php?t=127540)
Doug Groves http://www.rgbfilter.com/?p=168
Tuesday, December 7, 2010
Blog15: Final
If I were to look at myself back from September nothing much has changed about me in terms of ideology, philosophy, and perception of the world. What has changed me entirely for the last three months were the philosophical discussions we’ve had in class after watching a movie. Before writing about our philosophical input in our blogs, the class would discuss the situations the main character had to go through in order to achieve their goal. Wither that be to save lives from a burning plane and allow someone to take the credit for it in order to pay for their son’s college fund, or trying to lie about his identity to accomplish their childhood dream of getting into space. I’ve learned to accept and listen to other classmate’s view points on their stand of the situation given. Some I may disagree with while others I’ve learned a new perspective on what I haven’t realized.
For example if I were on a boat with fifty people who survived from a sinking ship and only had room to save ten people. I pick children since they are the most fragile and innocent, while another classmate said he would mostly save men. Though may sound sexist still logical since men are stronger than children and have the capability of rowing the boat faster. In survival you’d normally forget about what’s close to you and start thinking in a way you’d normally wouldn’t even sacrificing women and children to get to safety. My point is that this class along with the philosophical discussions has changed my perception about LaGuardia and the classes we take. Back in September I thought taking English class would mainly about writing papers and refer to your syllabus. Having these discussions have changed my college experience as well as using the blogs.
When Professor Luke told us about our assignments being posted up as blogs this made me skeptical. At first I thought It was pointless and silly since it’s the use of the internet and nothing good ever came out of the internet it just seem weird to me. Eventually I got used to blogging my opinions and getting helpful feedback from my classmates. Not only do I focus on the writer in me but also focus on the reader and what they are interested in. Not much has changed with me as an individual but my perception and writing skills have. Though may sound cheesy I’ve now know how to be organized and express my ideas in a coherent paragraphs to express my opinions to the internet audience.
For example if I were on a boat with fifty people who survived from a sinking ship and only had room to save ten people. I pick children since they are the most fragile and innocent, while another classmate said he would mostly save men. Though may sound sexist still logical since men are stronger than children and have the capability of rowing the boat faster. In survival you’d normally forget about what’s close to you and start thinking in a way you’d normally wouldn’t even sacrificing women and children to get to safety. My point is that this class along with the philosophical discussions has changed my perception about LaGuardia and the classes we take. Back in September I thought taking English class would mainly about writing papers and refer to your syllabus. Having these discussions have changed my college experience as well as using the blogs.
When Professor Luke told us about our assignments being posted up as blogs this made me skeptical. At first I thought It was pointless and silly since it’s the use of the internet and nothing good ever came out of the internet it just seem weird to me. Eventually I got used to blogging my opinions and getting helpful feedback from my classmates. Not only do I focus on the writer in me but also focus on the reader and what they are interested in. Not much has changed with me as an individual but my perception and writing skills have. Though may sound cheesy I’ve now know how to be organized and express my ideas in a coherent paragraphs to express my opinions to the internet audience.
Thursday, December 2, 2010
Final Draft.
Steven Figueroa
ENG 103
Dr. Luke Vasileiou
11/13/10
Wall Street: The Mentality of The 1980’s
After the success of Platoon director Oliver Stone wanted to write and direct a movie that was inspired by his father’s occupation. According to Oliver Stone in a CNN interview Oliver Stone not only wanted to dedicate his new film Wall Street to his father but also inform people about the business world. Oliver Stone along with his co-writer Stanley Weiser did their best to research and interview people who worked on Wall Street as tycoons, stock brokers, and business executives to base the movie characters on. People like Ace Greenberg and Ken Lipper helped supervise the script in order to be accurate of what Oliver and Stanley were trying to depict. The film’s characters like Gordon Gekko were inspired by Ivan Boesky and Asher Edelman respectively to display the mentality of a greedy tycoon of the corporate world.
Oliver Stone did his best to portray the political, economical, and social lifestyle of a young stockbroker of the nineteen eighties in a realistic light. To inform his audience of the corporate world and how it can destroy lives and alienates ordinary hard working people from what really matters in life. Not only greed from big business but also the ideals of the American dream and how far people would go to obtain it during the materialistic pro capitalism society known as the Reagan era. Oliver also used references Ivan Boesky and Dennis Levine scandal of insider trade into the storyline of Wall Street to make the movie a parallel to bring out its meaning to the viewing public. Wall Street realistically depicts on social, economical, and political of New York City during the films setting of nineteen eighty five.
During the mid eighties which the movie was set in the salary for the average stockbroker was eighty thousand dollars (according to the Dallasnews). Housing for a stockbroker who is fresh off of college in New York would be around six to eighty four thousand dollars living on the west side (socialexploer.com). Real estate prices of selling properties like lofts were about 74,111 and the fictional Blue Star company if were real would be around 118,373 and 29,414 on average at best during the nineteen eighties according to (Socialexplorer.com). The eighties also suffered from the inflation of the nineteen seventies that suffered the American economy.
Ronald Reagan invented an economical system called Reaganomics which only benefited the wealthy and reduce government regulations. Its main purpose was to trickle down and hope the wealthy to save their money and invest on stocks to bring the economy back up. However it made the inflation increased by 3.79 %( according to Global-rates.com) increasing the cost of essential needs. Also the financial crash or plunge of 1987 brought about a percentage of 100 points (http://www.workers.org/marcy/cd/samwall/wallst/wallst.htm). Eventually the economic revived it’s wages were lower than usual.
In the social aspect of the nineteen eighties it was the belief in philosophy of Laissez fair capitalism for big business. The belief of ethical egoism meaning only the strong and the smartest will survive. Failure to achieve the goals of your employer would get you fired since you are not economically viable on their percentages. Being a stockbroker during the nineteen eighties you have to be persuasive and willing to adapt to the environment around you in order to live the next day. Also during the nineteen eighties society especially in New York started to lose their moral values to materialistic desires. The belief of looking out for yourself and everyone else is second was the dominate idea of living in New York City during the eighties.
The purpose of money was to spend it on things that never really made anyone happy but gives them the illusion of the necessity and purpose of having more property. It can be best summarized by this saying “The "Me" generation was reaching its earnings peak and trading beads and flowers for power ties and dress-for-success outfits” ( Eric Feigenbaum, VMSD.com).
An example of capitalistic greed during the eighties in would be the Ivan Boesky scandal of being a part of an inside trade corporate conspiracy. Ivan a leading stock speculator along with Dennis Levine in New York City were manipulating trading information and brokages for their own gain on stock bonds that were outside the trade floor. Eventually both men were arrested for committing a white collar crime and getting sued by the companies they’ve caused damaged too like FMC and group investors who worked with the two. When jailed both were willing to sell information at each other in order to get shorted sentences in prison. Ivan went to prison for only one year and Levine under IRS investigation lost all his funds from the scandal and was left with nothing.
In politics during the nineteen eighties Ronald Reagan was elected in office with his promise to end the inflation that was brought over from the seventies. As mention before it was Reaganomics and its idea was to trickle down its spending to the wealthy in order to increase savings and investments. He also restricted government’s regulations on free market trade and gave tax cuts to the wealthy or the Tax Reform act. The tax reform act caused the S&L crisis of nineteen eighty six. Reagan forces the government to allow banks to choose whom can they lend money to either state or federal. This caused inflation and taking advantage of the real estate boom of the eighties.
Ed Koch who was the Mayor of NYC during the nineteen eighties tried to embraced and convinced New Yorkers to accept the financial policies Regan put out. Ed Koch strongly believed in Reaganomics and how it will get NYC out of the financial crisis that was brought over from the seventies. Whoever disagreed with NYC policies Koch would go the distance to insult them; though childish he wanted New Yorkers to accept the economic policies. Little did he know that Reaganomics will put New York deeper into debt during his third term in 1985.
The movie Wall Street is about a young fresh out of NYU stock broker named Bud Fox (played by Charlie Sheen) who wants to make it big and follow the American dream in New York City. Being unsatisfied with his clientele and living with piles of bills to pay. Bud tires to make an offer with his idol and inspiration Gordon Gekko (played by Michael Douglas). Being very persistent Gordon gives Bud a chance to make him an offer on stock bonds. Bud gives his first two and Gordon turns them down. Being desperate Bud tells Gordon on his father’s stock worth of the company he works for. Gordon being interested takes him up on the offer and purchases the stocks of Blue Star. With the success of Gordon’s investment he takes a liking to Bud Fox and would like to work for him. Unfortunately Bud’s second offer didn’t turn out well for Gordon since he lost millions.
Gordon despite being angry for the huge loss, still sees potential with him gives Bud one last chance but wants him to trade his morals with greed. Gordon tells Bud that he knew his father told him about the increase of stocks of Blue Star and that information was his business. He wants Bud to be an inside trade information broker and follow his rival Sir Lawrence Wildman in order to outwit him on his next bid of stock shares. Bud knows this is illegal but was persuade by Gordon philosophy and his materialistic desires so he agreed. Bud became successful in obtaining the information of the next shares Sir Lawrence was planning to buy. Successful by this action Bud became Gordon’s protégé on Wall Street along with the perks Gordon can buy.
Eventually Bud tries to sell the company Blue Star to Gordon to keep it alive and running successfully then the state it is now. Bud tries to convince his father Carl Fox (Played by Martin Sheen) who owns the union to give his share to Gordon. Carl disagrees for he knows who Gordon is and knows he’s only interested in profit. Carl leaves since he does not want the guilt of firing his employees for a quick buck. Bud feeling embarrassed tries to reason with his father but helps Bud realized he has sold his soul to materialism. Eventually Gordon sells his shares and the company to be demolish. Bud fueled by rage he finally sees the truth and tries to renegotiate with Blue Star in order to sell the company to Gordon’s nemesis Sir Lawrence. Bud eventually gets the last laugh on Gordon causing him to lose millions. But Bud’s actions will get him in trouble with the feds who ran background checks with the accounts he’s been putting Gordon’s money on. Bud gets arrested and is put on trial.
This movie realistically depicts New York City during the nineteen eighties Reagan/ Ed Koch era. Bud Fox as I mention before is a Stock broker who graduated from NYU and gains about forty thousand dollars. He lives in a studio apartment on the west side of Manhattan with his rent costing fifth teen grand a month. Mention before housing cost on average around six to eighty four thousand dollars according to (Social Exploer.com). Even when Bud moved to the east side of Manhattan he was willing to pay a loft apartment for nine hundred and fifty thousand dollars. Gordon was also in real estate and claimed to have sold a loft for $800, 000 dollar profit which exceeded the amount that I found from “$74,414” (Socialexplorer.com). The movie also talks about the market crash during nineteen eighty five involving real estate prices being stale in a brief scene thought doesn’t get too detailed with it.
Wall Street also realistically portrays New York on a social level of class in terms of how the wealthy views the poor. Example the scene with Bud’s landlady made a remark about the market crashing and even the rich are complaining about it. “The only things that are moving in this city are cockroaches and the Puerto Ricans in this city” (Oliver Stone, Wall Street 1987). Gordon Gekko is the epitome of the egoistic philosophy and the big business tycoon who lost his humanity in which he states in several parts throughout the film the importance of making it big in America. Gordon says to Bud when he lost Gordon’s money “When you feel, you lose a few, but you keep on fighting. And if you need a friend get a dog. It’s trench warfare out there” (Oliver Stone, Wall Street. 1987).
Another instance was when Gordon Gekko gives Blue Star an offer to sell him their company. Carl Fox sees through his lies and wants no plan a part of it since he knows Gordon will sell the company anyway. Carl says “I know what this guy is about, Greed. He doesn’t give a damn about Blue Star or the unions. He’s in it and out for the buck, and he don’t take prisoners” and Gordon replies “Sure, whats worth doing is doing for money.” (Oliver Stone, Wall Street.1987). Gordon is trying to fill his empty vase with material desires of having what the world best has to offer. Gordon like the wealthy tycoon on Wall Street justifies his actions with his infamous “Greed is good” speech during the auction of stocks.
Bud Fox also represents the average guy who wants to be rich during the Reagan era. Most people like Bud who have jobs in the corporate world would have done the same thing and sold their souls down the river for promotions. Bud represents the social aspect of Dennis Levine during the inside trade scandal that this movie was based on. Since Oliver Stone dedicated this film to his father a character named Lou Mannheim who showed that not everyone at Wall Street was corrupted and showed that investing on stocks can do good for people on an economical scale like create jobs. Also there was a scene in the movie where a stock broker who worked for the company for over sixty years was fired for not getting the numbers he needed to stay Hence, the egoism mentality that most eighty businessmen had on making a quick buck.
The movie also realistically portrays citizens of New York City to be very anti social and alienate themselves from one another when walking on the street. Specifically Wall Street how stockbrokers and business men/women are very busy and don’t have enough time to stop or even care about anything else around them except for making money. When Bud fox was walking outside of Gordon’s company not one person made eye contact with one another. This scene showed people in Wall Street believe in the philosophy “time is money” and wouldn’t want to miss the opportunity to obtain it.
Oliver Stone did a fantastic portrayal of how society in New York City was during the Go-go Reagan era of the trickle down eighties. Ordinary people consumed by greed separated by the haves and have not’s, people willing to sell their souls to obtain money to survive the rise of income of New York City. People who once had family changed once they’ve become business tycoons and information brokers who have holes to feed. With that whole their appetite never satisfied with what they have, constantly wanting more and more. Selling the lives of employees or companies like live stock and cattle in order to make a quick buck, while Reagan taxes the middle to poor of the caste system.
Wall Street is more a reflection of how far we as a society will go to obtain a dream that never existed. The dream of living well off with more then what we expect and give in our selfish desires and not the needs of others. Especially in New York City how we constantly treat each other as wild savages from the concrete jungle wanting our scraps. Oliver was trying to inform us that “Greed, for the lack of a better term is”(Oliver Stone, Wall Street.1987) not good. Sure we can be selfish all we want and yet look how it affects our economy on a global scale. We as people of New York should abandon our instinct of greed and focus on aiding other like Oliver’s father believes Wall Street can do.
Footnotes:
Wall Street. Dir. Oliver Stone. Perf. Michael Douglas. 1987. 20th Century Fox, 2010.DVD
Feigenbaum, Eric. “The 1980s: Search for Identity” Oct. 24.2001.
http://vmsd.com/content/the-1980s-search-identity
SocialExplorer.com
“Wall Street crash:
What does it mean?. November 1987. Sam Marcy. 12 November 2010.
http://www.workers.org/marcy/cd/samwall/wallst/wallst.htm).
ENG 103
Dr. Luke Vasileiou
11/13/10
Wall Street: The Mentality of The 1980’s
After the success of Platoon director Oliver Stone wanted to write and direct a movie that was inspired by his father’s occupation. According to Oliver Stone in a CNN interview Oliver Stone not only wanted to dedicate his new film Wall Street to his father but also inform people about the business world. Oliver Stone along with his co-writer Stanley Weiser did their best to research and interview people who worked on Wall Street as tycoons, stock brokers, and business executives to base the movie characters on. People like Ace Greenberg and Ken Lipper helped supervise the script in order to be accurate of what Oliver and Stanley were trying to depict. The film’s characters like Gordon Gekko were inspired by Ivan Boesky and Asher Edelman respectively to display the mentality of a greedy tycoon of the corporate world.
Oliver Stone did his best to portray the political, economical, and social lifestyle of a young stockbroker of the nineteen eighties in a realistic light. To inform his audience of the corporate world and how it can destroy lives and alienates ordinary hard working people from what really matters in life. Not only greed from big business but also the ideals of the American dream and how far people would go to obtain it during the materialistic pro capitalism society known as the Reagan era. Oliver also used references Ivan Boesky and Dennis Levine scandal of insider trade into the storyline of Wall Street to make the movie a parallel to bring out its meaning to the viewing public. Wall Street realistically depicts on social, economical, and political of New York City during the films setting of nineteen eighty five.
During the mid eighties which the movie was set in the salary for the average stockbroker was eighty thousand dollars (according to the Dallasnews). Housing for a stockbroker who is fresh off of college in New York would be around six to eighty four thousand dollars living on the west side (socialexploer.com). Real estate prices of selling properties like lofts were about 74,111 and the fictional Blue Star company if were real would be around 118,373 and 29,414 on average at best during the nineteen eighties according to (Socialexplorer.com). The eighties also suffered from the inflation of the nineteen seventies that suffered the American economy.
Ronald Reagan invented an economical system called Reaganomics which only benefited the wealthy and reduce government regulations. Its main purpose was to trickle down and hope the wealthy to save their money and invest on stocks to bring the economy back up. However it made the inflation increased by 3.79 %( according to Global-rates.com) increasing the cost of essential needs. Also the financial crash or plunge of 1987 brought about a percentage of 100 points (http://www.workers.org/marcy/cd/samwall/wallst/wallst.htm). Eventually the economic revived it’s wages were lower than usual.
In the social aspect of the nineteen eighties it was the belief in philosophy of Laissez fair capitalism for big business. The belief of ethical egoism meaning only the strong and the smartest will survive. Failure to achieve the goals of your employer would get you fired since you are not economically viable on their percentages. Being a stockbroker during the nineteen eighties you have to be persuasive and willing to adapt to the environment around you in order to live the next day. Also during the nineteen eighties society especially in New York started to lose their moral values to materialistic desires. The belief of looking out for yourself and everyone else is second was the dominate idea of living in New York City during the eighties.
The purpose of money was to spend it on things that never really made anyone happy but gives them the illusion of the necessity and purpose of having more property. It can be best summarized by this saying “The "Me" generation was reaching its earnings peak and trading beads and flowers for power ties and dress-for-success outfits” ( Eric Feigenbaum, VMSD.com).
An example of capitalistic greed during the eighties in would be the Ivan Boesky scandal of being a part of an inside trade corporate conspiracy. Ivan a leading stock speculator along with Dennis Levine in New York City were manipulating trading information and brokages for their own gain on stock bonds that were outside the trade floor. Eventually both men were arrested for committing a white collar crime and getting sued by the companies they’ve caused damaged too like FMC and group investors who worked with the two. When jailed both were willing to sell information at each other in order to get shorted sentences in prison. Ivan went to prison for only one year and Levine under IRS investigation lost all his funds from the scandal and was left with nothing.
In politics during the nineteen eighties Ronald Reagan was elected in office with his promise to end the inflation that was brought over from the seventies. As mention before it was Reaganomics and its idea was to trickle down its spending to the wealthy in order to increase savings and investments. He also restricted government’s regulations on free market trade and gave tax cuts to the wealthy or the Tax Reform act. The tax reform act caused the S&L crisis of nineteen eighty six. Reagan forces the government to allow banks to choose whom can they lend money to either state or federal. This caused inflation and taking advantage of the real estate boom of the eighties.
Ed Koch who was the Mayor of NYC during the nineteen eighties tried to embraced and convinced New Yorkers to accept the financial policies Regan put out. Ed Koch strongly believed in Reaganomics and how it will get NYC out of the financial crisis that was brought over from the seventies. Whoever disagreed with NYC policies Koch would go the distance to insult them; though childish he wanted New Yorkers to accept the economic policies. Little did he know that Reaganomics will put New York deeper into debt during his third term in 1985.
The movie Wall Street is about a young fresh out of NYU stock broker named Bud Fox (played by Charlie Sheen) who wants to make it big and follow the American dream in New York City. Being unsatisfied with his clientele and living with piles of bills to pay. Bud tires to make an offer with his idol and inspiration Gordon Gekko (played by Michael Douglas). Being very persistent Gordon gives Bud a chance to make him an offer on stock bonds. Bud gives his first two and Gordon turns them down. Being desperate Bud tells Gordon on his father’s stock worth of the company he works for. Gordon being interested takes him up on the offer and purchases the stocks of Blue Star. With the success of Gordon’s investment he takes a liking to Bud Fox and would like to work for him. Unfortunately Bud’s second offer didn’t turn out well for Gordon since he lost millions.
Gordon despite being angry for the huge loss, still sees potential with him gives Bud one last chance but wants him to trade his morals with greed. Gordon tells Bud that he knew his father told him about the increase of stocks of Blue Star and that information was his business. He wants Bud to be an inside trade information broker and follow his rival Sir Lawrence Wildman in order to outwit him on his next bid of stock shares. Bud knows this is illegal but was persuade by Gordon philosophy and his materialistic desires so he agreed. Bud became successful in obtaining the information of the next shares Sir Lawrence was planning to buy. Successful by this action Bud became Gordon’s protégé on Wall Street along with the perks Gordon can buy.
Eventually Bud tries to sell the company Blue Star to Gordon to keep it alive and running successfully then the state it is now. Bud tries to convince his father Carl Fox (Played by Martin Sheen) who owns the union to give his share to Gordon. Carl disagrees for he knows who Gordon is and knows he’s only interested in profit. Carl leaves since he does not want the guilt of firing his employees for a quick buck. Bud feeling embarrassed tries to reason with his father but helps Bud realized he has sold his soul to materialism. Eventually Gordon sells his shares and the company to be demolish. Bud fueled by rage he finally sees the truth and tries to renegotiate with Blue Star in order to sell the company to Gordon’s nemesis Sir Lawrence. Bud eventually gets the last laugh on Gordon causing him to lose millions. But Bud’s actions will get him in trouble with the feds who ran background checks with the accounts he’s been putting Gordon’s money on. Bud gets arrested and is put on trial.
This movie realistically depicts New York City during the nineteen eighties Reagan/ Ed Koch era. Bud Fox as I mention before is a Stock broker who graduated from NYU and gains about forty thousand dollars. He lives in a studio apartment on the west side of Manhattan with his rent costing fifth teen grand a month. Mention before housing cost on average around six to eighty four thousand dollars according to (Social Exploer.com). Even when Bud moved to the east side of Manhattan he was willing to pay a loft apartment for nine hundred and fifty thousand dollars. Gordon was also in real estate and claimed to have sold a loft for $800, 000 dollar profit which exceeded the amount that I found from “$74,414” (Socialexplorer.com). The movie also talks about the market crash during nineteen eighty five involving real estate prices being stale in a brief scene thought doesn’t get too detailed with it.
Wall Street also realistically portrays New York on a social level of class in terms of how the wealthy views the poor. Example the scene with Bud’s landlady made a remark about the market crashing and even the rich are complaining about it. “The only things that are moving in this city are cockroaches and the Puerto Ricans in this city” (Oliver Stone, Wall Street 1987). Gordon Gekko is the epitome of the egoistic philosophy and the big business tycoon who lost his humanity in which he states in several parts throughout the film the importance of making it big in America. Gordon says to Bud when he lost Gordon’s money “When you feel, you lose a few, but you keep on fighting. And if you need a friend get a dog. It’s trench warfare out there” (Oliver Stone, Wall Street. 1987).
Another instance was when Gordon Gekko gives Blue Star an offer to sell him their company. Carl Fox sees through his lies and wants no plan a part of it since he knows Gordon will sell the company anyway. Carl says “I know what this guy is about, Greed. He doesn’t give a damn about Blue Star or the unions. He’s in it and out for the buck, and he don’t take prisoners” and Gordon replies “Sure, whats worth doing is doing for money.” (Oliver Stone, Wall Street.1987). Gordon is trying to fill his empty vase with material desires of having what the world best has to offer. Gordon like the wealthy tycoon on Wall Street justifies his actions with his infamous “Greed is good” speech during the auction of stocks.
Bud Fox also represents the average guy who wants to be rich during the Reagan era. Most people like Bud who have jobs in the corporate world would have done the same thing and sold their souls down the river for promotions. Bud represents the social aspect of Dennis Levine during the inside trade scandal that this movie was based on. Since Oliver Stone dedicated this film to his father a character named Lou Mannheim who showed that not everyone at Wall Street was corrupted and showed that investing on stocks can do good for people on an economical scale like create jobs. Also there was a scene in the movie where a stock broker who worked for the company for over sixty years was fired for not getting the numbers he needed to stay Hence, the egoism mentality that most eighty businessmen had on making a quick buck.
The movie also realistically portrays citizens of New York City to be very anti social and alienate themselves from one another when walking on the street. Specifically Wall Street how stockbrokers and business men/women are very busy and don’t have enough time to stop or even care about anything else around them except for making money. When Bud fox was walking outside of Gordon’s company not one person made eye contact with one another. This scene showed people in Wall Street believe in the philosophy “time is money” and wouldn’t want to miss the opportunity to obtain it.
Oliver Stone did a fantastic portrayal of how society in New York City was during the Go-go Reagan era of the trickle down eighties. Ordinary people consumed by greed separated by the haves and have not’s, people willing to sell their souls to obtain money to survive the rise of income of New York City. People who once had family changed once they’ve become business tycoons and information brokers who have holes to feed. With that whole their appetite never satisfied with what they have, constantly wanting more and more. Selling the lives of employees or companies like live stock and cattle in order to make a quick buck, while Reagan taxes the middle to poor of the caste system.
Wall Street is more a reflection of how far we as a society will go to obtain a dream that never existed. The dream of living well off with more then what we expect and give in our selfish desires and not the needs of others. Especially in New York City how we constantly treat each other as wild savages from the concrete jungle wanting our scraps. Oliver was trying to inform us that “Greed, for the lack of a better term is”(Oliver Stone, Wall Street.1987) not good. Sure we can be selfish all we want and yet look how it affects our economy on a global scale. We as people of New York should abandon our instinct of greed and focus on aiding other like Oliver’s father believes Wall Street can do.
Footnotes:
Wall Street. Dir. Oliver Stone. Perf. Michael Douglas. 1987. 20th Century Fox, 2010.DVD
Feigenbaum, Eric. “The 1980s: Search for Identity” Oct. 24.2001.
http://vmsd.com/content/the-1980s-search-identity
SocialExplorer.com
“Wall Street crash:
What does it mean?. November 1987. Sam Marcy. 12 November 2010.
http://www.workers.org/marcy/cd/samwall/wallst/wallst.htm).
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