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Wealth inequality essay
Wealth inequality essay
Income and wealth inequality sociology
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Types Of Money
Everywhere around the world, there are people who have been wealthy for centuries, and the wealth can run extremely far back in their families, and other people who are new to wealth. This is shown in the novel The Great Gatsby by F. Scott Fitzgerald. Tom Buchanan and Daisy were born rich, so they are “old money”, but James Gatz (Jay Gatsby) was born very poor, so he had to work to acquire his wealth, so he is “new money”. You would think these characters have quite similar lives since they’re rich no matter how they got their money. Just like the old $20 and the new $20, you would think they both worth the same, but no, this is not always the case. There are some people who give lots of respect to the old $20 and can spend
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It was very different than the West Egg, where most of the “new money” people lived. People in East Egg, spend their wealth differently than new money, whether it is clothes or parties. Tom Buchanan was one of the people who was labeled as “old money”. Tom was respected for various reasons, but the major reason was all of his family were rich. Even though most people like Tom don’t advertise their money, they are still well known above all classes. “Now, don’t think my opinion on these matters is final; he seemed to stay, just because I’m stronger and more of a man than you are” (Fitzgerald 7) In this quote, Nick was describing Tom’s personality. Tom’s wealth made Nick feel better than the lower class. That showed that Tom’s wealth was very inspiring for most people, therefore he was well …show more content…
Gatsby’s family weren’t like Tom’s family, they were very poor, and they had to work to earn his wealth. Unlike Tom he had to sell illegal alcohol to get his wealth. However people of East Egg were against and were questioning his wealth. "About Gatsby! No, I haven’t. I said I’d been making a small investigation of his past."And you found he was an Oxford man, said Jordan helpfully. An Oxford man! He was incredulous. Like hell he is! He wears a pink suit. Nevertheless he’s an Oxford man. Oxford, New Mexico, snorted Tom contemptuously, or something like that. Listen, Tom. If you’re such a snob, why did you invite him to lunch?" demanded Jordan crossley. "Daisy invited him; she knew him before we were married – God knows where!”. (Fitzgerald 122) This shows how Gatsby was educated, but people cannot believe that he went from being the poorest kid, to the richest man in west egg and so people started asking questions, so they wanted to investigate and see if he was telling the truth. people with “Old money” and people with “New money” are different, having said that they still have something in
he didn 't want to live the same sad life as his parents,where he had to work just to put bread on the table he wanted more then that ,he want to have a legacy.he saw an opportunity to seek,and he took it .when he help the old man from drowning.Gatsby went through alot in the war and his life but the thing that kept him alive is daisy buchanan, his love for daisy was unstoppable.Gatsby worked hard to make himself one of new york richest people for daisy buchanan.Gatsby does everything he can to conquer Daisy’s heart again.”Although Daisy has been married off to Tom Buchanan,”Gatsby is determined to win her back by displaying his new wealth.Similarly, purchasing a new wardrobe and an expensive home in part for daisy o fell in love with him Not only do Gatsby try to impress women with their wealth, but they equate those women with money” (Pearson). He believes that the only way Daisy will be with him is if he is rich and if has enough money to sustain her.Gatsby would do anything in order to achieve this status that.in order to get enough money in such short time ,he gets his “hands dirty” to be able to live in West Egg and have the ability to throw his very-well known extravagant parties.”There was music from my neighbor’s house through the summer nights. In his blue gardens men and girls came and went like moths among the whispering and the champagne and the stars…
In the book The Great Gatsby, Gatsby always had the impression of being rich. He always stated he went to Oxford University, and his family was stinky filthy rich back in the mid west, San Francisco. In reality he wasn’t rich at all, he was born into a
In the book, money symbolizes a social evil as it destroys lives of people corrupted by wealth. In the first chapter, Fitzgerald treats money as if it was a cookie cutter for social classes and tells how wealth divides the society into different groups. For instance, East Eggers have "inherited money" whereas West Eggers have newly acquired money. Tom is an example of an East Egger who has "prestigiously" inherited quite a lot of "old" money. Gatsby is a West Egger who by boot legging, swindling and doing favors for others, has acquired "new" money.
Gatsby realizes that life of the high class demands wealth to become priority; wealth becomes his superficial goal overshadowing his quest for love. He establishes his necessity to acquire wealth, which allows him to be with Daisy. The social elite of Gatsby's time sacrifice morality in order to attain wealth. Tom Buchanan, a man from an "enormously wealthy" family, seems to Nick to have lost all sense of being kind (Fitzgerald 10). Nick describes Tom's physical attributes as a metaphor for his true character when remarking that Tom had a "hard mouth and a supercilious manner...arrogant eyes had established dominance over his face...always leaning aggressively forward...a cruel body...[h]is speaking voice...added to the impression of fractiousness he conveyed" (Fitzgerald 11). The wealth Tom has inherited causes him to become arrogant and condescending to others, while losing his morals. Rather than becoming immoral from wealth as Tom has, Gatsby engages in criminal activity as his only path to being rich. His need for money had become so great that he "was in the drug business" (Fitzgerald 95). Furthermore, he lies to Nick about his past in order to cover up his criminal activity. Gatsby claims to others that he has inherited his wealth, but Nick discovers "[h]is parents were shiftless and unsuccessful farm people" (Fitzgerald 104). Gatsby enters a world where money takes precedence over moral integrity. Materialism has already overshadowed a portion of his spiritual side. A quest for true love is doomed for failure in the presence of immorality. Once wealth has taken priority over integrity, members of the high social class focus on immediate indulgences, rather than on long-term pleasures of life such as love.
For generations their money passed down giving them the belief that the "new rich" with their newly acquired wealth were still lower and not equal to them. The "new rich" liked to display their wealth in lavish ways that the conservative wealthy did not approve. In addition, the "new rich" often did not earn their money in legitimate ways; most earned their money from boot leggings. Carraway in an ironic way is neither "new rich" nor "old rich". He lives in a rather modest house compared to Gatsby's huge mansion.
Tom Buchanan was said to be “...of Chicago with more pomp and circumstance than Louisville ever knew before.” (Fitzgerald 82). Being that this was said by Jordan Baker, a famous golfer, exemplified how much power Buchanan held, even with the socialites. This statement also defined his will power, arete, because it laid out how he did not stray form is code of conduct when it came to power. Since Gastby believed that Daisy found this trait attractive, he made it his goal to become powerful to make his persuasion easier. In order to gain power, money was essential, therefore, Gatsby made a lot of money fairly quickly by getting involved with Meyer Wolfshiem. Being that Prohibition was taking place during Gatsby 's rise to power, Gatsby and Wolfshiem made a lot of money by selling alcohol in addition to gambling. Even though Gatsby broke his will-power of respecting the very country that he fought to protect, he gained enough wealth to move to West Egg into a mansion that was directly across the bay from
In The Great Gatsby, Fitzgerald presents two distinct types of wealthy people. First, there are people like the Buchanans and Jordan Baker who were born into wealth. Their families have had money for many generations; they are "old money." As portrayed in the novel, the "old money" people don't have to work and they spend their time amusing themselves with whatever takes their fancy. Daisy, Tom, Jordan, and the distinct social class they represent are perhaps the story's most elitist group, imposing distinctions on the other people of wealth (like Gatsby) based not so much on how much money one has, but where that money came from and when it was acquired.... ...
In the book, The Great Gatsby, written by F.Scott Fitzgerald, there seems to be conflict between old money and new money. New money meaning that they have inquired wealth recently, and old money meaning they have inherited the money from their ancestors and have been building up their powerful social connections for many years. Fitzgerald portrays new money as being reckless and unwise with their wealth by lavishly spending their money on new cars,new clothes and parties. On the other side of the spectrum, old money individuals are presented as being more responsible and knowing how to handle their money. The difference between these two social classes goes beyond the way they spend money, but, in their personalities also; the new money groups tend to be more caring and lacking in social graces while old money are deeply selfish and inconsiderate. This conflict between the two ranks is very interesting in that even though the book takes place in the 1920s, this concept is fully evident in our society today.
The Buchanans are an affluent American family, and have been for many generations. Tom Buchanan is classified as having “Old Money,” because he receives his immense wealth through inheritance, as opposed to earning it himself like the Nouveau Riche had through business or investment. In the 1920s, it was very common for people like Tom to look down on members of the Nouveau Riche, such as Jay Gatsby, and to see them as an entirely different class despite the congruency of their wealth. Tom clearly displays his contempt when he assumes Gatsby to be a criminal, asking Nick, “Who is this Gatsby anyhow?…Some big bootlegger?…A lot of these newly rich people are just big bootleggers, you know” (Fitzgerald 114-115). Despite Tom’s suspicion being later confirmed, it is an extremely prejudiced assumption, based solely on the fact that Gatsby is Nouveau Riche. Tom also comments on Gatsby’s appearance, as the Nouveau Riche are known to be ostentatious (Dictionary.com). When told that Gatsby is an “Oxford man,” Tom e...
...re money without having any gold and silver to back it up. Some feel that this has been fulfilled and possibly will be fulfilled again in the future. (Hogue 149.)
up near London and was educated at Oxford, from which he received his BA in 1962,
Gatsby is largely a mystery at the story’s beginning, defined by his wealth and influence as well as the rumors that flood the gossip lanes. He resides in West Egg, home of the nouveaux riche, across the sound from East Egg, where the established older money claims home to. He’s largely known for his extravagant parties, open to all corners of society, but he doesn’t participate in none of them. His actions prompt one to guess a reason, which revealed is the sole reason for all of Gatsby’s achievements. When becoming friends with Nick Carraway, he gives him his back story – his family, his travels in Europe, his service in WW1 and his college days in Oxford – all to give him proof that he stems from the same pool of individuals as Nick does. This also unveils Gatsby to be innocent, and honest with most people, traits that come into conflict with his foil the aristocratic bully Tom Buchanan (Daisy’s husband). Even early on, the myth of Jay Gatsby starts to crumble away as its revealed he came to his wealth through criminal endeavors, confirmed by his meeting with Meyer Wolfshiem.
In regards to wealth, two classifications have been established. The first class is referred to as “old” money and is made up of families that have acquired wealth over many generations, such as the Rockefellers, the Carnegies, and the Vanderbilts. On the other side of the wealth spectrum are individuals and families that have acquired money within the last few decades. This type of wealth includes Bill Gates, the Hiltons, and Oprah and it is often referred to as “new” money.
After primary school he decided to go on and attend Brasenose College at Oxford University where he would major in philosophy (C3). He enjoyed coll...
The old money, people of East Egg, handle their wealth with more maturity, but they then become so used to easing people with the value of their money that they lack consideration for others feelings. Daisy and Tom describe this selfishness. Neither are ever satisfied, and cheat on one another as a result, and they lack consideration for anyone else, they just leave messes for others to clean up. Although new money is less responsible, like Gatsby they are more caring about other people while the old money can handle their money, but being so used to that wealth is extremely selfish, and comes off as worse.