"Uncle" Moses is a wealthy garment store owner in the Lower East Side. He lords his wealth and its attendant power over the neighborhood, dispensing noblesse oblige and conducting casual affairs with numerous women. When he falls in love with the beautiful young daughter of one of his employees, he discovers what it is like to be beholden to another person. He convinces her to marry him, but she does so out of financial and social obligation, and Moses' love remains distressingly unrequited. At the same time, the growing labor movement attacks him for his exploitative employment conditions, and Moses begins to doubt the truth of the American Dream he thought he had achieved.
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