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New Money vs. Old Money

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by

Maya Porco

on 26 January 2014

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Transcript of New Money vs. Old Money

New Money vs. Old Money
Historic Examples
Similarities in the Two Classes
"They were careless people, Tom and Daisy-they smashed up things and creatures and then retreated back into their money or their vast carelessness, or whatever it was that kept them together, and let other people clean up the mess they had made..." (179).
New Money
People with recently acquired money
Can be from business, media, sports, stock market, or entrepreneur
Tend to have no or few social connections
Often show lavish displays of their wealth
Old Money Quotes
"Why they came East I don't know. They had spent a year in France for no particular reason , and they drifted here and there unrestfully wherever people played polo and were rich together" (6).
Historic Example
J.P. Morgan
Old money
Inherited money from many generations in his family
J.P. Morgan & Chase
"...unfold the shining secrets that only Midas and Morgan and Maecenas knew." (4).
Literary Examples
"A Rose for Emily"
Emily was old money
In Gatsby old money is shown being better and more favored than new money.
In "A Rose for Emily" Faulkner favors new money and modern technology unlike in Gatsby.
New Money Quotes
"See!" he cried triumphantly. "It's a bona-fide piece of printed matter. It fooled me. This fella's a regular Belasco. It's a triumph. What thoroughness! What realism! Knew when to stop, too - didn't cut the pages. But what do you want? What do you expect?" (45-46).
Old Money

Money acquired from family
Old money refers to people in long-established upper class families
Do not show off wealth, everyone knows about their wealth


In the book...
In the book...
East Egg
Old Fashion Houses
"Across the courtesy bay the white places of fashionable East Egg glittered along the water..." (5)
Live on West Egg
Gatsby
Housing : "... it was a factual imitation of some Hotel de Ville in Normandy..." (pg 5).
By: Maya Porco & MaryAnn Friederich
Whats the Difference?
New money is considered a "lower class" compared to old money

Old money does not have to work for their money
Gatsby can buy what old money has, but can't get the experience or past like them
The punctuation, exclamation marks to be precise, show his surprise
Repetitive word of carelessness: shows exaggeration of the word
Metaphor, 'and then retreated back into their money,' gives extent on how much they use their money as an excuse
Analysis
"... and a frantic policeman rode alongside. 'All right, old sport,' called Gatsby. We slowed down. Taking a white card from his wallet, he waved it before the man's eyes. 'Right you are,' agreed the policeman, tipping his cap" (54).
Use of 'old sport' shows Gatsby's tranquility
Policeman's manners and kindness shows he is either scared or honored by the fact it was Gatsby has he 'tipped his cap'
Margret "Molly" Brown
First class passenger aboard Titanic
Husband struck rich out West therefore was new money
John D. Rockefeller
Rich in oil industry that soon monopolized and dominated all oil industry
Was new then later became old
Differences
New Money
Old Money
Gaudy Car
“It was a rich cream color, bright and there in it’s monstrous length with triumphant hat-boxes and supper-boxes and tool-boxes, and terraced with a labyrinth of wind-shields that mirrored a dozen suns.” (64).
Flashy Clothing
Parties
Sophisticated Car
Conservative Clothing
Supercilious Attitude
Arrogance

"Wilson? He thinks she goes to see her sister in New York. He's so dumb he doesn't know he's alive"(26).
"I believe that on the first night I went to Gatsby‘s house I was one of the few guests who had actually been invited"(41).
A blue Coupe
"Now he was a sturdy straw-haired man of thirty with a rather hard mouth and a supercilious manner. Two shinning arrogant eyes had established dominance over his face and gave him the appearance of always leaning aggressively forward"(7).
Use of "monstrous" and "triumphant" show his power with his wealth to get Daisy's attention
Color: "rich cream color"and "mirrored a dozen suns" show bright, flashy new money
Gatsby lets anyone enter, not exclusive like old money parties.
Nick was baffled by the number of people.
Gatsby really wants Nick at the party because he went out of his way to get him there.
Full transcript