The previous suits and pants were for the young set; this is what the dads wore, especially if they wanted a man-of-industry look. A timeless look you'll still see today - without the pocket hanky or the hat, alas.

I wonder if they've been using the term "worsted" for 80 years with full knowledge most men don't know what the hell it means. That's not the opposite of bested, is it? Okay, good.