Pawn broker in trading places
It tells the story of an upper-class commodities broker and a homeless street hustler whose lives cross paths when they are unknowingly made part of an elaborate bet. The storyline is often called a modern take on Mark Twain 's classic pawn broker in trading places novel The Prince and the Pauper. It was released to theaters in North America on June 8,where it was distributed by Paramount Pictures.
Duke brothers Randolph and Mortimer own a successful commodities brokerage in Philadelphia. Holding opposing views on the issue of nature versus nurturepawn broker in trading places make a wager and agree to conduct an experiment switching the lives of two unwitting people at opposite sides of the social hierarchy and observing the results. They witness an encounter between their managing director—the well-mannered and educated Louis Winthorpe III, engaged to the Dukes' grand-niece Penelope—and a pawn broker in trading places street hustler named Billy Ray Valentine; Valentine is arrested at Winthorpe's insistence because of a suspected robbery attempt.
The Dukes decide to use the two men for their experiment. Winthorpe is publicly framed as a thief, drug dealer and philanderer by Clarence Beeks at the request of the Dukes. He befriends Ophelia, a prostitute who agrees to help him in pawn broker in trading places for a financial reward once he is exonerated. Meanwhile, the Dukes bail Valentine out of jail, install him in Winthorpe's former job and grant him use of Winthorpe's home. Valentine soon becomes well-versed in the business using his street smarts to achieve success, and begins to act well-mannered.
During the firm's Christmas party, Winthorpe is caught planting drugs in Valentine's desk in an attempt to frame him, and he brandishes a gun to escape. Later, the Dukes discuss their experiment and settle their wager for one dollar, before plotting to return Valentine to the streets. Valentine overhears the conversation, and seeks out Winthorpe, who attempts suicide by overdosing on pills. Valentine, Ophelia and Winthorpe's butler Coleman nurse him back to health and inform him of the Dukes' experiment.
Winthorpe and Valentine recall large payments made to Beeks by the Dukes and realize that the Dukes plan to obtain the report to corner the market on frozen orange juice.
On New Year's Eve, the four board Beeks' Philadelphia-bound train, intending to switch the original report with a forgery that predicts low orange crop yields. Beeks uncovers their scheme and attempts to kill them, but he is knocked unconscious by a gorilla being transported on the train. The four disguise Beeks pawn broker in trading places a gorilla costume and cage him with the real gorilla.
After delivering the forged report to the Dukes in Beeks' place, Valentine and Winthorpe travel to New York City with Coleman's and Ophelia's life savings to carry out their part of the plan. On the commodities trading floorthe Dukes commit all their holdings to buying frozen concentrated orange-juice futures contracts ; other traders follow their lead, inflating the price. Meanwhile, Valentine and Winthorpe sell futures heavily at the inflated price.
Following the broadcast of the actual crop report and its prediction of a normal forecast, the price of orange-juice futures plummets. Valentine and Winthorpe close their futures position by buying futures at the lower price from everyone but the Dukes, turning a large profit. Valentine and Winthorpe explain to the Dukes that they had made a wager on whether they could simultaneously get rich while making the Dukes poor. Later, the now wealthy Valentine, Winthorpe, Ophelia, and Coleman vacation on a tropical beach, while Beeks and the gorilla are loaded onto a ship heading for Africa.
The storyline of Trading Places —a member of society trading places with another whose socio-economic status stands in direct contrast to his own—often draws comparisons to Mark Twain 's novel The Prince and the Pauper. Parallels have also been drawn between Trading Places and Mozart 's 18th century comic opera The Marriage pawn broker in trading places Figaro in which a servant Figaro foils the plans of his rich master who tried to steal Figaro's bride to be.
Cavell postulates that film is sometimes used as a new technology in the production and experience of an opera. He explains that this axiom asserts its importance not in the fact that "our time" sees an increased expectation of new operas being developed but, rather, in pawn broker in trading places fact that there is an increased expectation of "new productions of operas. David Budd, in his book Culture Meets Culture in the Movieswrites about the experiences of characters when the expected roles of races in society are sometimes reversed.
The fiction film White Man's Burden and John Howard Griffin 's factual pawn broker in trading places Black Like Me are used as a foundation to show how different the experience of white people can be when subjected to the prejudices faced by black people. In that respect, Budd proclaims Trading Places as "uncannily illustrative if heavy-handed".
Beginning from the premise that, in the film, the "expectations of the races also stand upon their head", Budd states that "through even a highly comedic vessel a message loudly asking for a reassessment of prejudice, and for level playing fields, is heard. Trading Places was released theatrically in the United States on June 10, The film remained in the top ten grossing films for 17 weeks.
Trading Places was met with positive reviews from critics. The site's consensus states: Author and critic Richard Schickel of Time magazine called Trading Places "one of the most emotionally satisfying and morally gratifying comedies of recent times". While admitting Aykroyd's success in demonstrating "perfect prissiness as Winthorpe", Schickel commented on Murphy's performance as Valentine calling Murphy "a force to be reckoned with" and stating that he "makes Trading Places something more than a good-hearted comedy.
He turns it into an event. Ebert stated "This is good comedy"; he described the characters as "wonderful comic inventions" pawn broker in trading places rose above what could have been stereotypes due to the actors' skill and explained that the comedy is successful because it "develops the quirks and peculiarities of its characters, so that they're funny because of who they are.
Janet Maslin of The New York Times repeated some of Roger Ebert's sentiments stating that "Preston Sturges might have made a movie like Trading Places - if he'd pawn broker in trading places a little less inspiration and a lot more money.
The song " The Loco-Motion " by Little Eva is also heard on the train scene and is credited on the film. Almost pawn broker in trading places years after its release, the plot for the movie was part of the inspiration for new regulations on the financial markets. In the movie Trading Placesstarring Eddie Murphy, the Duke brothers intended to profit from trades in frozen concentrated orange juice futures contracts using an illicitly obtained and not yet public Department of Agriculture orange crop report.
In Italy the movie has become a Christmas classic, being pawn broker in trading places by Italian television every year, from December 24, From Wikipedia, the free encyclopedia. This article is about the comedy film. For other uses, see Trading Places disambiguation. Not to be confused with Trading Spaces. Retrieved April 4, Retrieved September 25, Archived from the original on February 7, Retrieved December 30, Accessed April 12, Accessed April 13, Accessed January 26, Retrieved December 25, Accessed February 19, Accessed April 9, Accessed September 7, La Stampa in Italian.
Films directed by John Landis. Charles Dickens ' Dombey and Son. Dombey and Son Rich Man's Folly Dombey and Son Dombey and Son Mark Pawn broker in trading places 's The Prince and the Pauper Prince Edward Tudor Tom Canty. The Princess and the Popstar Retrieved from " https: Webarchive template wayback links CS1 Italian-language sources it Articles with hAudio microformats Album infoboxes lacking a cover Music infoboxes with deprecated parameters Track listings with deprecated parameters.
Best Actor in a Supporting Role. Best Actress in a Supporting Role. Best Motion Picture — Pawn broker in trading places or Comedy. Wikiquote has quotations related to:
It's been 30 years since Trading Places came out. And, to be honest, I never really understood what happened at the end of pawn broker in trading places movie. But what actually happens? How does it work?
I recently talked to Tom Peronis, a guy who has spent years trading OJ options. He walked me through every step of Winthorpe and Valentine's plan.
The Duke brothers — two old, rich guys pawn broker in trading places have bribed someone to get an advance copy of a government report on the orange crop. This will give them inside information on what's going to happen in the market for frozen concentrated orange juice.
But Winthorpe and Valentine find out what the Dukes are up to, and they manage to steal the crop report before the Duke brothers get it. The report says the orange crop is strong. When the rest of the world learns this, the price of OJ will fall.
So Winthorpe and Valentine create a fake crop report that they put into the hands of the Duke brothers. The fake crop report says the crop was pawn broker in trading places. The Duke brothers see pawn broker in trading places, and believe the price of OJ will rise. The setting, the floor of the commodities exchange. The Duke brothers have told their trader to buy orange juice futures, and to keep buying no matter how high the price goes.
The market opens, and the Duke brothers' trader starts buying. Everybody else sees this and thinks the Dukes know something. The price goes up and up and up, and the Dukes keep buying. Then comes the key line for pawn broker in trading places entire movie — a line that's almost unintelligible.
Standing on the floor of the exchange, Winthorpe Dan Aykroyd yells out:. Here's what that means: The "30" in his line means he wants to start by selling 30 contracts. Also, that "30" might be some other number.
It's hard to understand what he's saying. But it doesn't really matter — they sell a lot of contracts. A minute later, everything on the trading floor goes quiet. Everybody looks at the TV. On the TV, the secretary of agriculture walks up to a podium and reads the orange crop report. The guy tells the world that the orange crop is fine. To the traders, this means that the price of OJ is not going to go through the roof.
All those traders who, a minute ago, were buying all they could, now suddenly need to sell. So the price starts falling. When the price hits 29 cents a pound, Winthorpe and Valentine start agreeing to buy orange juice in April. They sold high and bought low. The Dukes made the opposite bet and went broke. One interesting kicker to the story: Trading commodities on inside information obtained from the government wasn't actually illegal when the movie came out, pawn broker in trading places it's illegal now.
It was banned in the finance-overhaul law, under a special provision often referred to as the Eddie Murphy Rule. This story was originally posted on July It was updated on July 19 to add audio from the radio version. Accessibility links Skip to main content Keyboard shortcuts for audio player.
Planet Money A definitive answer to one of the most important questions in the history of finance. Facebook Twitter Flipboard Email. July 12, 4: Heard on All Things Considered.
The room was quiet enough despite being next to the streetcar tracks. Also they keep the hallways and rooms freezing, but the heaters worked well once you turn them on. Our room was actually a suite, which was surprising. We were on the first floor and the streetcars went by all night long.