They confront a group of trolls in Riverdell and are captured by goblins in the Misty Mountains.
Bilbo embarks upon a magic golden ring, which he stole, or earned from Gollum. A hobbit, Bilbo, sets out to the Lonely Mountain with a spirited group of dwarves to reclaim their mountain home-and the gold within it-from the dragon Smaug.
The falling action is when the war is ended and when they all set apart their differences and make a new agreement
Bard defeats Smaug with the black arrow. Gandalf takes Bilbo back to The Shire,where he lives contentedly in his hobbit hole for many years afterwards.