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Transcript of Nouveau Riche
Family line, inherited wealth from previous generations.
Descendants of new money
Were seen as more prestigious
The U.S. in 1920's
During the 1920’s, United states was divided into lower class and upper class
Further subdivided into upper-upper class (old money) and lower-upper class (new money)
Upper-upper class earned wealth through inheritance
Lower-upper class earned their wealth from their investments and business rather than inheritance.
French word meaning “new rich”
Also called “new money”
People who acquired wealth recently (one or two generations)
Éleuthère Irénée du Pont, old money in the 1920s
Who is Who?
Became extremely wealthy through selling gunpowder during the civil war. By WWI, the Du Pont family controlled the entire gunpowder industry.
earned through their own hard work
lack worldly experience
East Egg vs West Egg
The East Egg represents Old Money
The West egg represents the New Money (Nouveau Riche)
The courtesy bay Social Barrier
Characters in Gatsby
“Twenty Miles from the city a pair of enormous eggs, identical in contour and separated only by the courtesy bay…” (Fitzgerald p.10)
“To the wingless a more interesting phenomenon is their dissimilarity in every particular except shape and size.” (Fitzgerald p.10)
never faced financial difficulties
use accumulated wealth/assets
It is important to understand the society at that time
The New and Old Rich were similar yet very different
the differences help us understand the context of "The Great Gatsby" better.
The Dark Side to New Rich
- It can hurt social relationships
o Co-workers, friends and family can become jealous
o The New Rich can drive people away on their own by being oblivious to their old friends.
- The new money can destroy their financial future
o They have misconceptions of how long the new money will last them and they spend too much.
o They are living in the moment and forget to plan for the future often putting themselves in a worse financial situation than they started out in because they think that their new money will never run out.
John D. Rockefeller, new money in the 1920s
Made billions of dollars through the oil industry, which was passed down through generations.