Grace, the third of four Kelly children entered the world three weeks after that great Well Street crash, and she grew up through the darkest years of the Depression. But these events had very little impact on her life. Her father had never believed in the stock market. He had avoided debt, and put his spare money in government bonds. With his New Deal connections, Jack Kelly sailed through the depression like a king.
In May 1947, Grace graduated from the Stevens School. She was seventeen and a half, and she had no idea what she was going to do next. Ma Kelly set about organizing a tour of women?s college in the Northeast, and she set off with Grace at the beginning of August 1947. But they were far too late. Everywhere they went the entry rolls were full, and the middle of the month found mother and daughter taking gloomy stock in the New York apartment of Marie Magee, and old friend of Ma Kelly, who lived just off Broadway on the West Fifty-fifth Street. Marie asked Grace where she wanted to go to school and Grace told her
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