Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
True
B
False
Understanding the Answer
Let's break down why this is correct
Answer
The distinction between old money and new money mainly comes from how the wealth was acquired. Old money refers to families who have had wealth for many generations, often from businesses or land passed down through time. In contrast, new money is wealth that has been earned more recently, usually by individuals who have started their own businesses or achieved success in fields like entertainment or technology. For example, a family that has owned a large estate for centuries is considered old money, while a tech entrepreneur who became a millionaire in the last decade represents new money. Although both may have similar lifestyles, their backgrounds and how they acquired their wealth set them apart.
Detailed Explanation
Old money comes from families who have been wealthy for a long time. Other options are incorrect because Some might think lifestyle is the main difference.
Key Concepts
Class Stratification
Social Dynamics
Economic Status
Topic
Upper Class and Middle Class
Difficulty
medium level question
Cognitive Level
understand
Ready to Master More Topics?
Join thousands of students using Seekh's interactive learning platform to excel in their studies with personalized practice and detailed explanations.