What does Old Money vs. New Money mean in the Great Gatsby?

Question:- What does Old Money vs. New Money mean in the Great Gatsby?

Answer

Heritage money means, this wealthy family has always had a certain prestige and status merely because they have inherited it. The name No new money applies to people who have aggregated their fortune throughout their lives, and used business skills rather than family members’ legacies to do so. In the book old money (i.e the rich have always been there and thus can afford aristocratic goods) is regarded with contempt by new money (i.e the new wealthy which have their origin in industrial revolution or commerce) missing the aristocratic refinement they lay claim to .