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"Old money" is absolutely a thing in the south, as is "the good ol' boys" network. There are places in the south where not having the right surname constitutes an achievement ceiling all by itself.

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Much of the "old money" in the south is northerners. People who came after Civil War to open factories and textile mills.

I've never met an example of this. More common in my experience is plantations that either turned into country clubs or subdivisions.

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