Hi, I always find it hard to get exact translation of some sentences that contain would. I've been reading a book but form time to time I literally can not interpret meaning of some sentences containing would. I would appreciate your help with transaltion a pace of this book, realy short one. "But that would be only the beginning. You see, at that very moment there were things happening away from me—things that had nothing to do with me—starting with a little something called portfolio insurance, which was a computer-driven stock-hedging strategy that would ultimately put an end to this raging bull market and send the Dow Jones crashing down 508 points in a single day. And, from there, the chain of events that would ensue would be almost unimaginable. Wall Street would close down business for a time, and the investment-banking firm of LF Rothschild would be forced to shut its doors. And then the insanity would take hold." As you can see there are lots of "woluld" in this text. The book is written in a form of retrospection, a guy describes situations he faced in the past and retrospection is followed by the passage you can see above. The main problem I found is judging if "would" means something that already happend or maybe something that could happen but circumstances have changed.