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New Money
By: Miss Cara Cleek
Old Money
The first class is referred to as old money and is made up of families that have acquired wealth over many generations, such as the Carnegies, the Rockefellers, and the Vanderbilts.
Andrew Carnegie
Carnegie is known for having built one of the most powerful and influential corporations in United States history.
Carnegie Steel
In the 1870s, he founded the Carnegie Steel Company, a step which cemented his name as one of the Captains of Industry. By the 1890s, the company was the largest and most profitable industrial enterprise in the world.
John D. Rockefeller
Was an American industrialist and philanthropist. Rockefeller revolutionized the petroleum industry and defined the structure of modern philanthropy.
Philanthropy
(f-ln' thr-p)
The effort or inclination to increase the wellbeing of humankind, as by charitable aid or donations.
In 1870, Rockefeller founded the Standard Oil Company and ran it until he retired in the late 1890s.
Cornelius Vanderbilt
The tenth wealthiest person in history.
His descendants went on to build great Fifth Avenue mansions, Newport Rhode Island summer cottages, and various other exclusive homes.
The Vanderbilt family members were the leaders of the high society scene.
New Money
On the other side of the wealth spectrum are individuals and families that have acquired money within the last few years. This type of wealth is often referred to as new money.
50 cent
As a successful rapper, he rose to fame with the release of two albums which sold over twentyone million records worldwide.
He grew up without a father and was raised by his mother, a cocaine dealer, who gave birth to him at the age of fifteen.
But now
BLING!
Jennifer Lopez
She is the richest person of Latin American descent in Hollywood today.
Lopez was born and grew up in South Bronx, New York to Puerto Rican parents.
While "old money" hid behind modest, dark cars and plain A-line dresses
Cars, like the Escalade, would be considered the liking of new money and in bad taste."
Old Money Prefers the Rolls Royce or the Bentley.
Of course, the rich are as free to spend their money as they wish.
Rich folks were expected to set a standard that might be emulated and possibly striven for.
HARD WORK
SOBRIETY
DEDICATION
and THRIFT
The nouveau riche (new rich) count. They count their houses and cars.
The Hilton College of Hotel and Restaurant Management at the University of Houston.
Why not?
Paris is definitely someone who is old money, but acts like new money.
Author, F. Scott Fitzgerald noted , the rich are different from the rest of us .
In his book, The Great Gatsby, he explored the concept of old money vs. new money as the setting of his book.
East Egg
Is where the old money lives.
The East Eggers are the aristocrats and have lived with their money for generations. .
The characters Daisy, Tom, and Jordan all live in East Egg.
West Egg
This is where the new money lives.
They are all lower and middle class people who have found themselves with outrageous amounts of money, and as a result, spend it in an outrageous manner.
Throughout the book, you will be expected to make judgments about the characters based on where they live
Now, list as
many examples of old and new money as you can come up with on your own.
The End
Of the PowerPoint, but just the beginning of my torturing you with Gatsby