"We [Americans] have no aristocracy of blood, and having therefore as a natural, and indeed as an inevitable thing, fashioned for ourselves an aristocracy of dollars, the display of wealth has here to take the place and perform the office of the heraldic display in monarchical countries. By a transition readily understood, and which might have been as readily foreseen, we have been brought to merge in simple show our notions of taste itself."
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Edgar Allan Poe, "The Philosophy of Furniture" in The Gentleman's Magazine (1840:6), p. 267
https://en.wikiquote.org/wiki/Plutocracy
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Plutocracy
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