The story starts with a death. The death of J. Jonah Jameson. It starts with Spider-Man being found at the scene and immediately assumed the murderer (even in 1933 Spider-Man can't catch a break). Then the scene flashes backs to 3 weeks prior, with Ben Ulrich hiring Peter Parker to be his assistant, after Parker gets in a fight with notorious gang lord, Norman Osborn. Peter follows Ulrich around, seeing the worst things the Great Depression has made, from Hoovervilles to an apartment fire (caused because somebody in the building couldn't keep their payments to Osborn).
Soon after this, Peter walks in on Ben using heroin and goes out looking for stories on his own, following a tip intended for Ulrich. Peter views Norman's thugs retrieving a shipment of what was described by the thugs delivering the shipment as "voodo, juju, mojo... all that weird stuff". In this shipment there was a case of spiders. The spiders escape and one of them bites Peter (What a surprise!). Peter discovers his powers and decides to stop Norman's reign of terror. However, when confronting Osborn, he is shocked to find Ulrich taking payments from Norman, and runs from Osborn's office. Then, after the Vulture comes after Aunt May, Peter decides that Osborn should be removed from his position of power immediately. This leads up to the final confrontation between Osborn and Parker. Parker realizes that, in the end, killing isn't the way and lets Osborn live. However Kraven, one of Osborn's body guards, has other ideas and drags him into the sewers. The story ends with Peter revealing his identity to Felicia Hardy and promising that there will always be good guys to fight bad guys and that the good guys always win.
Review time. The bit I loved most about this story is how accurately it portrayed the Great Depression. Having studied this area of history in depth through my A-Level course, I know that the writer didn't just think “let's set this in the Great Depression” and made stuff up as they went along. From the Hoovervilles to the corruption, to Prohibition and speak-easies, everything they mentioned was real. This story was a really good, accurate representation of the time, other than the fact that Spider-Man is alive, so a thumbs up to David Hine. Also a thumbs up to Carmine Di Giandomenco for making the art look absolutely stunning. I really commend him on how the comic feels old using new techniques.
So that's all from me for now. Again don't understand anything and want to just leave a comment, I'll do my best to answer. TTFN, LL'n'P