Gatsby’s charade of attending Oxford and being an Oxford man was revealed to us in chapter seven. Nick, being the narrator of the story, knew this while telling us the story of Gatsby. I believe Nick didn’t tell us this earlier when Gatsby first made the claim of being an Oxford man because he was telling the story as it happened and letting the story develop as it had developed when it was actually occurring in Nick’s timeline.
I believe that Gatsby lied about attending Oxford and being of an Oxford family because had he not; it would have made his wealth and social status questionable. Living the upper class life he is living would have seemed credible and reliable due to the fact that he claimed he came from old money, meaning he was born into this wealth. Suddenly becoming fantastically rich during the Depression would have seemed suspicious and could’ve hinted at his true shady rise to power. Without this lie the Great Gatsby would have seemed like a common gangster and not the man he is viewed as.

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