I was reading Wilde's written The Canterville Ghost, when I came across this idiom. This is a little excerpt from the text:
"My Lord," answered the Minister, "I will take the furniture and the ghost at a valuation. I have come from a modern country, where we have everything that money can buy; and with all our spry young fellows painting the Old World red, and carrying off your best actors and prima-donnas, I reckon that if there were such a thing as a ghost in Europe, we'd have it at home in a very short time in one of our public museums, or on the road as a show."
Any guess on what could be the possible meaning of the idiom
painting the old world red?
Thanks in advance!