Part 6/9:
The relentless pursuit of wealth and status would soon turn against Schwab, as the tides of fortune shifted during the Great Depression. His empire, once thought to be invulnerable, crumbled under the weight of market speculation and financial misjudgments. The stock of Bethlehem Steel plummeted, and with it, Schwab's boundless wealth dissipated.
A man who had once commanded warehouses filled with raw materials struggled to pay his basic living expenses. The extravagant mansion that had once commanded the skyline of New York became a mere remnant of his past conquests. In a tragic twist of fate, he watched as his assets were auctioned off, leaving behind a legacy of debt rather than the grandeur he had constructed.