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Old Cash Thesis

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The high society, which makes up around one percent of the U.S. population, by and large comprises of those with unthinkable acquired riches (some of the time called "old cash").The classification called new cash is a generally new step on the social stepping stool and makes up around 15 percent of the public. New cash incorporates individuals whose riches has been around just for an era or two. Likewise referred to as the nouveaux wealth (French for "recently rich"), they have earned their cash as opposed to obtaining it. Not at all like the individuals from the high society, do they have a family connected with old cash.- The following rung on the step is the working class, which incorporates around 34 percent of the population. The individuals …show more content…

Its individuals may have set off for college, however more have had professional or specialized preparing. The individuals from the average workers have an assortment of employments, including the associated: Electrician, Carpenter, Factor Worker, Truck driver, or Police officers. Another new rung on the financial stepping stool is the working poor. Evaluating what number of Americans are in this classification is troublesome in light of the fact that the line isolating them from the individuals who are at or underneath the neediness level is not strong. Evaluations say that around 20 percent of the population could be characterized in either the working-poor or neediness level classifications. Individuals in the working-poor class have a low instructive level, are not profoundly gifted, and work at the lowest pay permitted by law occupations. They frequently work two or all the more low maintenance occupations and get no medical coverage or different advantages. These people are unprotected against falling beneath the neediness

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1b. The significance of Vietnamization is that it was started by Richard Nixon and it stated that he would withdraw U.S. troops from Vietnam slowly and give South Vietnamese money, weapons, and training needed to win the war. This event caused the number of US troops in Vietnam to go from 540,000 to 30,000 in a span of four years. He got U.S. troops out of a war they did not know why they were fighting in. 2a.

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"What do you know about the hardships and obstacles that the underclass faces?" The other students were staring at me. "You have a point," I said. " (Walls 257).

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In fact Frederick Lewis Allen 's book, Only Yesterday in 1931, it states that only, “Three years between from 1924 to 1927 there was a leap from 75 to 283.” and they also had, “Knowledge and books for etiquette for those who got rich quick and wanted to get cultured quick.” (Doc.C). The amount of everyday people being millionaires have now almost quadrupled during this time because the stock market was at its peak, But also during the three years, people were living in confusion that money will be waiting for them. So the “new money” generation wants to act as the “old money” since they acquired their wealth in a new manner.

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724 Words | 3 Pages

Many Americans believe in a simple class system which includes the rich, middle, and poor. People are ranked in social classes based on their yearly income and wages. The “upper class” are the star-bellied sneetches who have prestige. High class people think they are more superior over the working and lower classes. They have more power to control a person’s decision.

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1311 Words | 6 Pages

These are the people that are classed as ‘old money’. Furthermore, the other group are the characters that have worked for their wealth or have little wealth to their name, for example; Gatsby, Nick Carraway, Myrtle and George Wilson. These characters all work for a living; they do not have the

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545 Words | 3 Pages

2015). My claim is to provide an explanation on how poverty affects American students and their education. One out of every 18th person in the U.S. still lives under the poverty line (Bishwa A. 2012). A big reason why many Americans are dropping down to the lower class is due to divorce, and getting laid off, as factories upgrade their competition, and stock prices by relocating jobs overseas. So how does low income affect their children's?

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1529 Words | 7 Pages

On the contrary, when these prosperities do not occur, as stated before, this idea creates the perception that only lazy people fail to be successful, rather than explaining the classist system itself. This is proven in many historical events. As an illustration, the author uses the Titanic, and the numbers do not lie. He writes, “While it was sad when the great ship Titanic went down…it was the saddest for the lower class: among women, only 4 of the 143 first-class passengers were lost, while 15 of 93 second class passengers drowned, along with 81 of the 173 third-class women and girls. The crew ordered third-class passengers to remain below deck, holding some there at gunpoint” (Loewen, 210).

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1188 Words | 5 Pages

The society was divided in 2 groups: old and new money. People had got rich quick and they were trying to show how rich they are every possible time. “As year followed year of prosperity, the new diffusion of wealth brought marked results… There was an epidemic of outlines of knowledge and books of etiquette for those who had got rich quick and wanted to get cultured quick and become socially at ease” (Frederick Lewis Allen, Only Yesterday, 1931). There was a leap from 75 to 283 in the number of Americans who paid taxes on incomes of more than a million dollars a year.

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1318 Words | 6 Pages

Wealth, poverty, technology, decadence, the Gilded Age was a time of change and uprooting of past systems, schools of thought, and standards. It was a time of both hope and doubt for the majority of the population and brought many to be empty handed or exceedingly wealthy. The dynamic between rich and poor was shifting to a gap of wealth never before seen in the young country. The gilded age’s built up wealth disparity faded away over time. Yet today it seems that a resurgence of these features is rearing its ugly head again.

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1217 Words | 5 Pages

The people in the upper class live to where if you are not born into the money like they were than they don’t care about you. They look down upon the people who had to work to get money, to them if you had to work to get money than you are inferior to them. It all ties back in with

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954 Words | 4 Pages

This change in the composition of the middle class showcases the increasing difficulty of jobs as technology is on the rise and as more postsecondary jobs appear in the employment market. The growth in the difficulty level of jobs within the U.S. employment market forces companies and organizations to hire those with a higher education, outcompeting many individuals with lower education. The inclusion of people of lower education in the middle and upper class in the past showed that it was easier to obtain financial stability compared to the more recent

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673 Words | 3 Pages

This being because my immediate family has been in different places along the “middle class” scale. For example, both of my sets of grandparents, who live near me and my hometown, are fairly wealthy farmers. However, when my father first started farming, he was anything but, and eventually became much worse off. While I was a small child, I was at the lower end of the middle class, but I never was aware of it due to the reputation of my grandparents and their success. I am also aware therefore, that class is not just about finances, it reflects who you interact with, who you are accepted by, and who does not accept you.

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262 Words | 2 Pages

The working poor are working individuals whose livelihoods fall beneath a given destitution line 7% of the total work force 14% of Blacks; 14% of Hispanics; 6% of Whites; 5% of Asians 8% of women; 6% of men 21% of the labor force with less than a high school diploma; 9% of high school graduates with no college education; 5% for those with an associate’s degree and 2% for those with a bachelor’s degree or higher Most likely young: rates were highest for 16 to 19 year olds (13%) and 20 to 24 year olds (14%) 16% of part-time workers; 4% for those employed full-time They are fronting common fights to keep jobs, and make ends meet, find affordable housing, arranging transportation to and from work, buying basic necessities, spacing childcare

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271 Words | 2 Pages

The (Futile) Pursuit of the American Dream —Response “The (futile) pursuit of the american dream,” by Barbara Ehrenreich, an investigative journalist, discussed her personal experiences of living in a corporate America, stricken with unemployment. Ehrenreich presents a study on the socioeconomic problems those in the middle class face on a daily basis, whether it be budget cuts, student loan debts, or unemployment. Ehrenreich brought up the point that there are many scenarios where a person in the middle class may be faced with unemployment. Such as an unforeseen chronic injury, leaving people with debt; The one car breaks down, and you can’t get to work.

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1443 Words | 6 Pages

Therefore, in a stratified society, the individual’s opportunities are always determined by his or her social class. In this essay, I will be arguing that even though mobility exists in the social class system, the opportunity to change status is relatively open for everyone but the distribution of opportunities among the members of a social class is not relatively equal to all. I will demonstrate this point by showing how participation of an individual in a specific social class will decide the opportunities in terms of attaining education and achieving a well-paid job. Education has a significant role in promoting social mobility; it enables people to acquire knowledge and certain skills in order to promote their social status. Nowadays, people believe that societies are based on meritocratic

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