"'A natural reflex of the changed social conditions of the country is seen in the new class terminology, borrowed from the Old World, which soon after the war crept into use in the United States. It had been the boast of the former American that everybody in this country was a workingman; but now that term we find more and more frankly employed to distinguish the poor from the well-to-do. For the first time in American literature we begin to read of the lower classes, the upper classes, and the middle classes--terms which would have been meaningless in America before the war, but now corresponded so closely with the real facts of the situation that those who detested them most could not avoid their use. "'A prodigious display of luxury such as Europe could not rival had begun to characterize the manner of life of the possessors of the new and unexampled fortunes. Spectacles of gilded splendor, of royal pomp and boundless prodigality mocked the popular discontent and brought out in dazzling light the width and depth of the gulf that was being fixed between the masters and the masses. "'Meanwhile the money kings took no pains to disguise the fullness of their conviction that the day of democracy was passing and the dream of equality nearly at an end. As the popular feeling in America had grown bitter against them they had responded with frank indications of their dislike of the country and disgust with its democratic institutions. The leading American millionaires had become international personages, spending the greater part of their time and their revenue in European countries, sending their children there for education and in some instances carrying their preference for the Old World to the extent of becoming subjects of foreign powers. The disposition on the part of the greater American capitalists to turn their backs upon democracy and ally themselves with European and monarchical institutions was emphasized in a striking manner by the long list of marriages arranged during this period between great American heiresses and foreign noblemen. It seemed to be considered that the fitting destiny for the daughter of an American multimillionaire was such a union. These great capitalists were very shrewd in money matters, and their investments of vast sums in the purchase of titles for their posterity was the strongest evidence they could give of a sincere conviction that the future of the world, like its past, belonged not to the people but to class and privilege.