Old Money Vs. New Money

Old Money refers to families who have had massive accumulations of wealth for generations. An example of an Old Money family would be the Carnegies, who started in the steel industry or the Rockefellers. Old money families are usually wary of new things and tend to want to separate themselves from the common people.

New Money families are families who have recently gained a lot of money, usually through the drug or alcohol business. These families tend to like new things unlike the Old Money families. An example of a new money individual would be Jay Gatsby from the novel The Great Gatsby by Scott Fitzgerald. Gatsby gained all of his money from selling alcohol during the 1920's, a time where alcohol was outlawed.