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Keep in mind that while many areas of New England/the Boston area were settled in the 1600s, they weren't particularly wealthy at the time.
The Southern colonies, running on a plantation-based economy, generally produced more truly wealthy folks. The concentration of US wealth of course shifted when Northern cities began to industrialize.
Partially true. Whaling produced some of the wealthiest towns on the planet- Nantucket being the prime example. The south had plantations, and the north had coastal villages (at least as it relates to Massachusetts).
But, those communities listed largely served as farming towns/communities, and served as areas where the elite would go to be educated via public school. As soon as the industrial revolution began, though urban environments received the biggest lift, neighboring towns began to see an influx of wealth.
E.g.
Andover/Westford vs. Lowell
Lexington/Belmont/Newton/Brookline vs. Waltham/Watertown
Partially true. Whaling produced some of the wealthiest towns on the planet- Nantucket being the prime example. The south had plantations, and the north had coastal villages (at least as it relates to Massachusetts).
But, those communities listed largely served as farming towns/communities, and served as areas where the elite would go to be educated via public school. As soon as the industrial revolution began, though urban environments received the biggest lift, neighboring towns began to see an influx of wealth.
E.g.
Andover/Westford vs. Lowell
Lexington/Belmont/Newton/Brookline vs. Waltham/Watertown
Interesting stuff for sure.
Those in Boston that would later become Brahmins became truly wealthy during the 1780s, the mercantile business being where almost all Brahmin families got their fortunes and which fortunes later generations lived off of.
LA really isn't an old money city. If new money defined one city it would probably be LA, but I'll share what is considered old money for here. In many of these neighborhoods older smaller homes are being knocked down to build $5 million plus homes.
Bel-Air an old money neighborhood, but many of the original homes are bought, and torn down to build mega mansions like this one, check out the Helicopter. lol this his how the home looks from the front, and many of the homes, but out back is a totally different story. https://www.google.com/maps/@34.0897...7i16384!8i8192
Meanwhile this is what that particular home actually looks like... 924 Bel Air Rd.
LA really isn't an old money city. If new money defined one city it would probably be LA, but I'll share what is considered old money for here. In many of these neighborhoods older smaller homes are being knocked down to build $5 million plus homes.
Bel-Air an old money neighborhood, but many of the original homes are bought, and torn down to build mega mansions like this one, check out the Helicopter. lol this his how the home looks from the front, and many of the homes, but out back is a totally different story. https://www.google.com/maps/@34.0897...7i16384!8i8192
Meanwhile this is what that particular home actually looks like... 924 Bel Air Rd.
LA isn't really considered old money but a good amount of old moneyed people went West so their presence isn't completely out of CA areas.
Last edited by ckhthankgod; 11-26-2018 at 08:08 AM..
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