Old Money, New Money, and Modern Society

So, I had to write a “blog post” for College Writing II on a concept from the Great Gatsby. I figured I’d leave it here as well. And yes… I used Bad and Boujee as a reference- and cited it in MLA.

“You know so we ain’t really never had no old money… We got a whole lotta new money though” (Migos, “Bad and Boujee”). This is a theme that is recurring throughout discussions in class, throughout the novel, and throughout everyday modern society. What is old money and new money? Old money can be defined as money inherited, passed on through families- money that has “always existed” even through a family name. New money is money made recently- money earned by a person or persons, in the novel most often made by entertainers in the film industry. The Great Gatsby, set in the 1920s, is  relevant as ever in showing the divide between new and old money. A few names come to mind when new money is mentioned in today’s society. The Kardashians, Mark Zuckerberg, even Donald Trump. They own large houses, mansions even. They attend lavish parties and travel frequently. They are looked on as a huge media icon and influence- much like Jay Gatsby was in the novel. “You must know Gatsby!” Jordan Baker exclaims in Fitzgerald’s novel, similarly to how one in today’s age would react if the Kardashians were mentioned.


But is new money just a modern concept? No. In 1757, The United States of America was a nation on the uprise when a young man- an orphan with no money was born. This man grew up to attend Princeton College by working hard. After overcoming adversity after adversity, this young man took a boat from the British West Indies to New York. “In New York you can be a new man” was a promise made to him (Hamilton: An American Musical). Alexander Hamilton was a poor immigrant, yet he became the first Secretary of Treasury of the United States, and was a key Founding Father. In Cabinet Battle #2 of Hamilton: An American Musical, Thomas Jefferson sings “…smells like new money, dresses like fake royalty” when referring to Hamilton. Hamilton was the newest of money that time period could find- helping start our great nation.

To summarize, the United States of America were founded on the concept of new money. New money has been prevalent in many times, societies, and ages- and is experienced in any culture. It is not a new concept or an old concept, it is a concept that time will never let fade away.

So there’s a little glimpse of what I’ve been up to. Enjoy the short essay!
~E.

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