The elite universities and financial institutions of major cities in the northeastern United States. These institutions, by virtue of their long-standing economic and social dominance, are often believed to exert an influence out of proportion to their size. In American politics, the Eastern Establishment often takes a liberal Republican stand. (See also Ivy League, Madison Avenue, power elite, and Wall Street.)
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.