The club was originally established in answer to the wasp clubs around town that ardently kept Jews out.
Yet Wall Street, for its first 200 years, remained a wasp preserve, where prejudice was practiced openly.
That you must carry everyone with you, swelling the ranks, is a hard-ridden wasp hobbyhorse.
Old English wæps, wæsp, altered (probably by influence of Latin vespa) from West Germanic *wabis- (cf. Old Saxon waspa, Middle Dutch wespe, Dutch wesp, Old High German wafsa, German Wespe, Danish hveps), from PIE *wobhes-/*wops- (cf. Latin vespa, Lithuanian vapsa, Old Church Slavonic vosa "wasp," Old Irish foich "drone"), perhaps from *webh- "weave" (see weave (v.)). If that is the correct derivation, the insect would be so called for the shape of its nest. Wasp-waist in reference to women's figures is recorded from 1870 (wasp-waisted is from 1775).
acronym for White Anglo-Saxon Protestant, 1962, often said to have been coined by University of Pennsylvania sociologist E. Digby Baltzell (1915-1996), but first recorded reference is in an article by E.B. Palmore in "American Journal of Sociology."
An acronym for “white Anglo-Saxon Protestant” — a member of what many consider to be the most privileged and influential group in American society.
[WWI British military; origin unknown; perhaps because the student's name was washed or scrubbed from the roster]