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Concept
Aristocracy (class)
Summary
The aristocracy is historically associated with "hereditary" or "ruling" social class. In many states, the aristocracy included the upper class of people (aristocrats) with hereditary rank and titles. In some, such as ancient Greece, ancient Rome, or India, aristocratic status came from belonging to a military class. It has also been common, notably in African societies, for aristocrats to belong to priestly dynasties. Aristocratic status can involve feudal or legal privileges. They are usually below only the monarch of a country or nation in its social hierarchy. In modern European societies, the aristocracy has often coincided with the nobility, a specific class that arose in the Middle Ages, but the term "aristocracy" is sometimes also applied to other elites, and is used as a more generic term when describing earlier and non-European societies. Some revolutions, such as the French Revolution, have been followed by the abolition of the aristocracy.
The term aristocracy derives from the Greek ἀριστοκρατία (aristokratia from ἄριστος (aristos) 'excellent' and κράτος (kratos) 'power'). The royals and the aristocrats or people from noble descent were called "Blue Bloods" in medieval times in English language. In most cases, aristocratic titles were and are hereditary.
The term aristokratia was first used in Athens with reference to young citizens (the men of the ruling class) who led armies at the front line. Aristokratia roughly translates to "rule of the best born". Due to martial bravery being highly regarded as a virtue in ancient Greece, it was assumed that the armies were being led by "the best". This virtue was called arete (ἀρετή). Etymologically, as the word developed, it also produced a more political term: aristoi (ἄριστοι). The term aristocracy is a compound word stemming from the singular of aristoi, aristos (ἄριστος), and the Greek word for power, kratos (κράτος).
From the ancient Greeks, the term passed to the European Middle Ages for a similar hereditary class of military leaders, often referred to as the nobility.
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Nobility
Nobility is a social class found in many societies that have an aristocracy. It is normally ranked immediately below royalty. Nobility has often been an estate of the realm with many exclusive functions and characteristics. The characteristics associated with nobility may constitute substantial advantages over or relative to non-nobles or simply formal functions (e.g., precedence), and vary by country and by era. Membership in the nobility, including rights and responsibilities, is typically hereditary and patrilineal.
Old money
Old money is "the inherited wealth of established upper-class families (i.e. gentry, patriciate)" or "a person, family, or lineage possessing inherited wealth". The term typically describes a social class of the rich who have been able to maintain their wealth over multiple generations, often referring to perceived members of the de facto aristocracy in societies that historically lack an officially established aristocratic class (such as the United States). The term is often used in contrast with new money.
False titles of nobility
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