Here is a summary of the story of Titanic (1997):
The film begins with a treasure hunter named Brock Lovett and his team searching the wreck of the Titanic for a necklace with a rare diamond, the Heart of the Ocean. They find a safe containing a drawing of a young woman wearing the necklace, dated April 14, 1912, the day the ship sank. The drawing is shown on television, and an old woman named Rose Calvert claims that she is the woman in the drawing. She agrees to tell Lovett her story on board his research vessel.
Rose begins her flashback to 1912, when she was a 17-year-old aristocrat who boarded the Titanic with her mother Ruth and her fiancรฉ Cal Hockley, a wealthy but arrogant tycoon. Rose feels trapped by her social status and her engagement to Cal, whom she does not love. She contemplates suicide by jumping off the stern of the ship, but is stopped by Jack Dawson, a poor artist who won a third-class ticket to the Titanic in a poker game. Jack convinces Rose to live, and they develop a friendship. He invites her to a party in the third-class section, where she enjoys dancing and drinking with the lower-class passengers. She also asks Jack to draw her nude, wearing only the Heart of the Ocean, which Cal had given her as a gift.
Cal and Ruth are furious when they discover Rose’s relationship with Jack, and they try to separate them. Cal also has his henchman, Spicer Lovejoy, plant the necklace in Jack’s pocket, framing him for theft. Jack is arrested and taken to the master-at-arms’ office. Meanwhile, the Titanic collides with an iceberg and begins to sink. Rose realizes that she loves Jack and frees him from his handcuffs. They try to escape the flooding ship, but are constantly hindered by Cal, Lovejoy, and the panicked passengers. They manage to reach the boat deck, where Cal pretends to have arranged a lifeboat for them. He gives Rose the necklace and helps her board the lifeboat, but then reveals that he lied and there is no boat for Jack. Rose jumps back to the ship to stay with Jack, and Cal angrily shoots at them with a pistol before fleeing with his valet.
Rose and Jack make their way to the stern of the ship, where they embrace and kiss as the Titanic breaks in half and sinks. They are plunged into the freezing water, and Jack helps Rose climb onto a wooden panel that can only support one person. He stays in the water, holding her hand and assuring her that she will survive and have a long life. He also makes her promise to never let go of him. Jack succumbs to hypothermia and dies, but Rose keeps her promise and stays with him until a rescue boat arrives. She sees the boat and calls for help, but realizes that Jack is dead. She reluctantly lets go of his hand and pushes his body into the water. She is rescued by the boat and taken to the RMS Carpathia, along with the other survivors.
On board the Carpathia, Rose hides from Cal, who is looking for her. She gives her name as Rose Dawson, adopting Jack’s surname. She later sees Cal one last time on the dock in New York, but he does not notice her. She learns from a newspaper that he later committed suicide after losing his fortune in the Wall Street Crash of 1929. She also discovers that she still has the Heart of the Ocean in her coat pocket, which Cal had unknowingly given her when he put the coat on her on the Titanic.
The film returns to the present day, where Lovett is disappointed that Rose’s story did not help him find the necklace. He decides to abandon his search, and his crew agrees. Rose reveals that she has kept the necklace all these years, and she secretly drops it into the ocean over the wreck of the Titanic. She then goes to her bed and falls asleep, surrounded by photos of her life after the Titanic, fulfilling her promise to Jack. She is then reunited with Jack and the other victims of the Titanic in a dream, where they applaud and kiss in the ship’s grand staircase.
I hope this explanation helps you understand the story of Titanic (1997). If you want to learn more about the film, you can check out these sources: IMDb, Wikipedia, Titanic Wiki, Medium, and The Hollywood Reporter.
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