Old Money v. New Money

The Great Gatsby

Old Money

Inherited wealth

When families have had money for three or more generations

Money is not a big deal because it has always been in their family.

People from old money are considered to be classic, conservative, traditional, and less modern

Examples of Old Money

The Rockefeller's

The Vanderbilt’s

Kennedy’s

Carnegie’s

New Money

Money acquired in a person’s lifetime or generation

Emphasizes idea that an individual was previously part of lower socioeconomic rank

The “new money” has allowed the individual to acquire goods or luxuries that were previously unattainable

Can be seen as a derogatory term for the purpose of social class distinction

Examples of New Money

Movie stars

Musicians

Professional athletes

Lottery Winners

Old Money v. New Money Activity

Directions: Look at the pictures given to you. Each one represents a characteristic of either old money or new money.

1. Number your paper 1-13, and then label whether each picture is old money or new money.

2. Explain whey EACH picture represents old money or new money.

Old Money or New Money?

#1 #2

Old Money or New Money?

#3 #4

Old Money or New Money?

#5 #6

Old Money or New Money?

#7 #8

Old Money or New Money?

#9 #10

Old Money or New Money?

#11 #12