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Climax
Resolution
Falling Action
The story was resolved when Jim and Della put away their gifts and ate their X-mas dinner.
The climax was when Jim walked into the door to find that Della had cut her hair to buy him a Christmas gift (Jim sold his watch to get her a gift as well).
The falling action was when Della headed home and fixed up her hair and some dinner for her and her husband.
The setting takes place on Christmas Eve in a small village in England.
The theme is that no gift can be better than love and family.
The two main characters in this story are Della and Jim.
The rising action is when she chops off her hair to get money to buy Jim's gift.
The Basic Situation
Basically what is happening is that there is a woman who loves her husband so much that she chops off all her hair just to get enough money to buy a gift for him. He sold his watch to get her a gift as well.