Pamela Paul Gives Her Opinion on ‘A Hazard of New Fortunes’

In 1889, William Dean Howells published “A Hazard of New Fortunes,” a novel set in the Gilded Age that remarkably resonates with our current plutocratic society. Like today, the book portrays a country divided by immigration status and racial and ethnic differences, hindering collective pursuit of the common good. Howells proposes an America where these differences are reconciled, fostering unity that has been lost amidst deepening polarization along tribal lines.

While the scope of “A Hazard of New Fortunes” is vast, it primarily revolves around the challenges faced by Basil and Isabel March in New York City. As representatives of middle-class America, the Marches confront the uncertainties of the real estate market, the difficulties of starting a magazine, and the struggle to survive in a turbulent society where liberal values clash with unchecked capitalism. Their journey introduces a diverse cast of characters that reflects the complexities of turn-of-the-century America, including a self-made millionaire, a society girl, a socialist German immigrant, a former Confederate colonel, an entrepreneur, and an artist.

A pivotal scene during a streetcar drivers’ strike, inspired by the Haymarket riots of 1886, shapes the fates of these characters. The millionaire’s liberal son comes to the aid of the disabled German immigrant, leading to their tragic deaths caused by a policeman’s bullet. In the aftermath, March voices his frustration with the prevailing attitude of self-interest and questions whether such division is intended by a higher power. Despite the despair, the novel ultimately suggests that shared causes can unite people and drive social change.

Listen to Pamela Paul
read an excerpt from
“A Hazard of New Fortunes.”

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Howell’s empathetic approach to fiction, like much of the 19th century, may not align with current sensibilities. Many contemporary novelists focus on individual perspectives rather than exploring the broader societal canvas. However, Howells understood the importance of unity and compassion in driving meaningful societal change, especially during times of division. In our present era, where divisiveness prevails, we can learn from his vision of an America that embraces shared interests and works towards a more cohesive future.