Published in 1922, it chronicles the relationship of Anthony Patch, Harvard-educated aspiring aesthete, and his beautiful wife, Gloria, as they wait to inherit his grandfather's fortune. A devastating satire of the nouveaux rich and New York's nightlife, of reckless ambition and squandered talent, it is also a shattering portrait of a marriage fueled by alcohol and wasted by wealth. The Beautiful and the Damned, Fitzgerald wrote to Zelda in 1930, "was all true."

Lyrical, romantic, yet cruelly incisive, it signaled a new stage in Fitzgerald's career. With The Beautiful and the Damned, H.L. Mencken commented in The Smart Set, "Fitzgerald ceases to be a wunderkind, and begins to come into his maturity.