It is the dissimilarities and inequalities among men which give rise to the notion of honor; as such differences become less, it grows feeble; and when they disappear, it will vanish too.
No stigma attaches to the love of money in America, and provided it does not exceed the bounds imposed by public order, it is held in honor. The American will describe as noble and estimable ambition that our medieval ancestors would have called base cupidity.
When a monarchy gradually transforms itself into a republic, the executive power there preserves titles, honors, respect, and even money long after it has lost the reality of power. The English, having cut off the head of one of their kings and chased another off the throne, still go on their knees to address the successors of those princes. On the other hand, when a republic falls under one man's yoke, the ruler's demeanor remains simple, unaffected, and modest, as if he had not already been raised above everybody.
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