1) James J. Braddock was a big time fighter.
a) He earned eight thousand plus per fight.
2) He lost all of his money in the stock market. The stock market crashed and the causes of stock lost can be found at http://eh.net/encyclopedia/article/Bierman.Crash
3) He lost a lot of his fights and he was starting to be looked upon as a joke. His records before and after the fight, found at http://www.absoluteastronomy.com/topics/James_J._Braddock, are very different.
4) He broke his hand and his family quickly ran out of money because his boxing membership was revoke.
5) He was allowed to work on the docks. Working as a long shore man was a humble job and his left hand was stronger because of it. Information about this job can be found at http://www.merriam-webster.com/dictionary/longshoreman
6) He was allowed to fight one last time.
7) After the “last” fight he was allowed to fight again.
8) After winning a series of fights he became a heavy weight contender which allowed him to challenge the current heavy weight champion of the world.
9) He won the fight and gained all of his fame that he lost earlier.