Is there a difference between a family that has been wealthy for generations and one which was poor until just recently (old money vs. new money)?

There is a difference between both, while old money has had their money for generations they also have an upper hand. They might have a bit more of insight in they’re buisness and know the ins and outs better than new money, new money is just begining to see and understand the do’s and don’ts.

to gain popularity at school, fitzgerald wrote plays for the school and cast himself as the star. he also joined one of the universitys most prestigious clubs.