(from Friends Divided: John Adams and Thomas Jefferson by Gordon S. Wood)
". . . This American aristocracy, however, was very different from that of Europe. European nobles, said Adams, had more pride, "that kind of pride which looks down on commerce and manufacturing as degrading." Perhaps this contempt for commerce, he said, played a useful role in Europ. Maybe it helped prevent the European nobility from becoming too rich and inhibited its acquiring too large a proportion of landed property. Or the aristocracy's valuing honor over money might have saved the European nations from being completely consumed by avarice. . . The American aristocracy's preoccupation with money distinguished it from the European aristocracy and was one of its weaknesses. . . "
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