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Discover how Newport, Rhode Island became the undisputed capital of American "old money" – a place where wealth isn't measured in dollars but in decades. When summer arrives in America, new money floods Miami and Aspen, celebrities flock to the Hamptons, and tech billionaires retreat to Hawaiian compounds. ----------------------------------------- Top 7 OLD MONEY Communities in the NORTHEAST -- • Top 7 OLD MONEY Communities in the NORTHEAST ----------------------------------------- How America's Most Beautiful Office Building Was Almost Demolished: Philadelphia City Hall -- • How America's Most Beautiful Office Buildi... ----------------------------------------- TIMESTAMPS: 0:00 Introduction 1:12 Chapter 1: Never Count Out Newport 3:22 Chapter 2: Founded in Freedom 6:27 Chapter 3: A Golden Age of Trade and Contradiction 9:44 Chapter 4: The Grand Gilded Age 15:06 Chapter 5: Newport in the Modern Era ----------------------------------------- True "old money" – the kind that speaks in whispers rather than Instagram posts – still gravitates to Newport, where wealth has transformed into heritage, aging like fine wine into something richer and more complex than mere affluence. In 2025, Newport remains one of the undisputed crown jewels of "old money" America, a place where family names matter more than bank balances and where summer "cottages" are actually 40-room mansions with ocean views that would make billionaires weep with envy. The Preservation Society of Newport County now welcomes over 1.3 million visitors annually, allowing commoners to peek behind the curtain of America's closest thing to aristocracy. While you may tour The Breakers for $32, joining the exclusive Bailey's Beach Club still requires the right bloodline or a letter of recommendation from someone whose grandfather's grandfather made a fortune in railroads. Technology billionaires like Larry Ellison have spent $100 million renovating properties here, desperate to buy the one thing their Silicon Valley fortunes can't instantly acquire: the patina of history. Newport's story begins not with wealth but with something far more revolutionary – religious freedom. In 1638, Anne Hutchinson, banished from Massachusetts Bay Colony for challenging Puritan orthodoxy, led religious dissidents to Aquidneck Island, while William Coddington moved southward to establish Newport, drawn by its superior harbor. The 1641 Newport Town Statutes declared no inhabitant would be "molested" for matters of conscience provided they maintained civil peace, attracting religious outcasts from across the Atlantic. Quakers established their first meeting house in 1657, Sephardic Jews fleeing the Spanish Inquisition arrived via Barbados by 1658, and by 1729, Irish philosopher George Berkeley observed: "Here are fewer quarrels about religion than elsewhere. The people live peaceably with their neighbors of every persuasion." Newport's magnificent natural harbor shaped its economic future, accommodating ships up to 400 tons – a crucial advantage over shallow northern ports that limited commerce. By 1750, Newport boasted 150 vessels engaged in transatlantic commerce, rivaling fleets of much larger colonial ports. The Portuguese Jewish community revolutionized Newport's economy when Jacob Rodrigues Rivera arrived in 1745 and perfected spermaceti candle production, extracting wax from sperm whale heads to create cleaner-burning candles commanding premium prices throughout Europe. Newport-based ships transported approximately 110,000 enslaved Africans between 1709 and 1807, representing 60 percent of all North American slaving voyages. This economic system reached its zenith between 1740 and 1770, when Newport stood as America's fifth-largest city, its wealth per capita exceeding even Philadelphia and Boston. After the American Civil War ended, Newport's third transformation began – from faded colonial port to America's most exclusive aristocratic playground, as America's new industrial elite created a social microcosm mirroring European nobility. By 1890, the summer colony had crystallized into a self-sustaining institution, with 400 elite families spending $20 million annually – equivalent to $670 million today – during the eight-week social season. This commercial heritage model has preserved 2.5 million square feet of Gilded Age architecture—equivalent to 46 football fields—making Newport America's largest concentration of historic homes. Newport serves as both celebration and critique of American capitalism—a marble-clad paradox preserved in stone forcing visitors to confront uncomfortable truths about how fortunes are made and maintained. #NewportRhodeIsland #OldMoney #GildedAge #AmericanAristocracy #HistoricMansions #TheBreakers #VanderbiltMansions #NewportCottages #AmericanWealth #HistoricPreservation #BaileysBeachClub #RhodeIslandHistory #MarbleHouse #GildedAgeMansions #ColonialNewport #TriangularTrade #MaritimeHistory #AstorFamily #SocietyElite #OldMoneyMansions