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You don't have to go back THAT far to find old money neighborhoods.
Just what does "old money" mean? It's been used for a long time. It's usually meant to look down on the "new money" people, that actually worked hard and improved their situation.
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Originally Posted by Katarina Witt
Just what does "old money" mean? It's been used for a long time. It's usually meant to look down on the "new money" people, that actually worked hard and improved their situation.
An 'old-moneyed' person by my definition is one that was born into wealth that's been in the family for at least a couple of generations.
You don't have to go back THAT far to find old money neighborhoods.
Tongue in cheek. Even so I associate the term with money made in pre—industrial times, like the South Carolina planters and the Salem Mass China trade families or the New York Knickerbocker aristocracy. In that context, new money is all the fortunes made after the civil war by the parvenues— Jay Gould, Averell Harriman, Andrew Carnegie, John D. Rockefeller, and so on. That’s all long enough ago so that Rockefeller now seems like old money to just about everyone in comparison to, say, Marc Zuckerberg or Jeff Bezos. So you’re right. And, of course, that tobacco money in NC goes back far enough to have built Duke University, itself no newcomer. Still— Charlotte? Old money? Looking at street view images of the neighborhoods he cites I see the same boxy brick developer-built houses you’d find in any upscale southern suburb. NC should embrace its history — a “vale of humility between two mountains of conceit.”
^^Basically, no "old money" in Pittsburgh then. Even Heinz was after the Civil War. That's probably why I never heard the term till I was in college. https://en.wikipedia.org/wiki/Heinz
Certainly none in Denver, which only got its start in 1858, just barely before the Civil War.
The Sequoyah Hills area of Knoxville, TN has established wealth and is visually attractive with extensive tree cover and the waterfront on the Tennessee River.
The first couple of streetviews have walkscores in the 80s and 90s.
Pittsburgh still has a decent amount, even though many were torn down decades ago. Shadyside, Squirrel Hill and the North Side were the most common places for those old mansions I believe. and maybe Point Breeze. Sewickley is a nearby suburb which has some nice ones.
Most people just think of Carnegie in association with Pittsburgh, but it had a lot of other old-money families: Mellon, Frick, Phipps, Heinz, Schwab, Horne, Scaife, Thaw, Oliver, Pitcairn, Kaufmann, Westinghouse and others.
Wealth generated before the Irish and Italian is became white is old money. Anything before Ellis Island is old money. Truthfully, I’d say anything before the great depression is old money.
^^Basically, no "old money" in Pittsburgh then. Even Heinz was after the Civil War. That's probably why I never heard the term till I was in college. https://en.wikipedia.org/wiki/Heinz
Certainly none in Denver, which only got its start in 1858, just barely before the Civil War.
I think the term could be used in relation to the area as well. So, I don’t know if it has a strict definition.
I think with this thread, it is one of those things in terms of the neighborhoods of “you recognize it when you see it” type of thing. Meaning, the type of character the homes and neighborhood has.
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