subscribe
back issues
reprints
contact us
Wealth in Perspective
Wealth Management
Thought Leaders
Money and Meaning
Passion Investments
Wealth Management Sourcebook
Multifamily Office 2008
Previous Issues Index
/ Home / Editorial / Wealth Management / Investment & Risk Management /
Visions & Revisions
A Distant Mirror
Douglas McWhirter
08/02/2004


When the United States set itself up as an independent nation, it deliberately outlawed what were thought to be the underpinnings of aristocracy in Europe—titles and strict settlement, which were the means whereby estates in Europe were passed from one generation to another. But there did develop, in the course of the late 18th century, and throughout the 19th and 20th centuries, self-conscious elite groups on the East Coast in Philadelphia, Baltimore, New York and Boston, who were interested in notions of high social prestige and public duty across generations, in a European aristocratic mode. Quite a lot of them married into European aristocratic families.

Differing national economic, social and political structures preclude comparisons between the British aristocracy of the late Victorian and Edwardian eras, and the current holders of wealth and power in the United States.
It is not very easy to draw comparisons between the British aristocracy in its heyday of the late 19th and early 20th centuries and the elite of the United States, either then or now. Britain has had an aristocracy of a sort that America has never had. It is a quite tiny country with a centralized system of government and, indeed, of society until fairly recently. The United States is a huge country with different elite groups dispersed across different cities. Making comparisons of this sort is not very easy, and in some sense, not very instructive.

It is, however, a comparison that people make, and quite a suggestive one, that whereas in Britain the 20th and 21st centuries afforded no great dynasties of prime ministers, America seems to have dynastic political families, like the Bushes, the Clintons or the Gores. Dynastic political families of this kind do not exist in Britain anymore.

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | >>
Printer Friendly Version  Email a Friend


Related Articles
» Undiscovered Country
» Err America
» Buying Time
» The Hesitant Hegemon
» The Scientific Method
 
Get a FREE ISSUE and a FREE GIFT

Simply fill out this form to receive a complimentary issue of Worth and a FREE gift ("The top 25 Questions for Your Private Banker"). If you like the magazine, you’ll pay just $36 for 5 more issues (6 in all). If it’s not for you, you can return your invoice marked "cancel", and owe nothing. The FREE issue and FREE gift are yours to keep.
Name
Address
Canadian orders click here
International orders click here

Unsubscribe from subscription emails click here