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Old Money Trumps New Money: Understand how Old Wealth Works

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In the film “The Great Gatsby” 1974, big wigs in the nineteen twenties that have collected their money over the course of their time, have always had an advantage over the poor, and people who are just beginning their wealthy-hood, and they keep their “property” well protected. In the beginning of the movie, where Nick Carraway sits with Tom Buchanan, a born wealthy man, who inherited his money from his family, the husband of Nick’s cousin; Daisy and a firm eugenicist. Tom tells Nick to read a book by Lothrop Stoddard called “The Rise of the Colored Empires” and warns Nick about how the rich should insure the white race dominion over all the other races. Many of the rich fathers back in those days, for their legacy to continue being …show more content…

Tanfer Emin Tunc, in a book titled “The American Dream” by Blake Hobby & Harold Bloom, makes an analysis about how the “new money” acquired his means and the “old money” who will never accept it.
Gatsby, who acquired his wealth through organized crime (distributing illegal alcohol, trading in stolen securities, and bribing police officers), is part of this new element of society. As such, he can never participate in the arrogant, inherited “old wealth” of Tom and Daisy Buchanan, who live in East Egg (present day Manhasset and Port Washington), the playground of the upper-class, white Anglo-Saxon Protestant Americans (Tunc 69).
Bootlegging became a means of serious wealth and survival in the beginning 1920’s, and Gatsby (who had previous teachings from his mentor Dan Cody) got connected with a mobster, the big time gangster, Meyer Wolfsheim, who Gatsby would call, “the man who fixed the World’s Series back in 1919”. Meyer Wolfsheim was a business associate of Gatsby; he (Meyer) helped him (Gatsby) to make his profit off distributing illegal alcohol. In the movie of “The Great Gatsby, where Gatsby invited Nick to lunch with Wolfsheim, when Gatsby excuses himself, Nick and Meyer talk a little. Wolfsheim made sure Nick understood that he (Meyer) “made” Gatsby. With Gatsby’s newly illegal wealth from his criminal disposition in organized crime, he is now what old rich people would call, “new money”. This “new money” from the wave,

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