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Andrew Carnegie Wealth Essay

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In Andrew Carnegie’s essay “Wealth,” he believed that he had a responsibility to spend his money on something to benefit the greater good. He believe that the rich should distribute their wealth responsibly to benefit society. One of his quotes say, “The man who dies thus rich dies disgraced.” Carnegie starts off talking social Darwinism, the issue of inequality and how and if he could fix it. Capitalism ensured that the smartest and most talented people would rise to the top. This would make them become significantly wealthier than anyone. This meant that power and wealth was concentrated in the hands of a small number of people. This made a huge divide between the rich and poor. Although the divide between the rich and poor was significant,
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In a brief introduction, the 19th century was marked by the development of scientific knowledge. The search for new technologies, leveraged by the Industrial Revolution, caused scholars to multiply in various areas of knowledge. At that time, various academies and associations geared for the "progress of science" recognized the figure of scientists and put them as important agents of social transformation. In 1889, with the publication of the book "The Gospel of Wealth", Andrew Carnegie comes to the classical approach of social responsibility of the large companies.

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Greed – the extreme, selfish desire to acquire what is beyond average necessities. Whether greed applies to wealth or power, mankind is prone to exemplify the cupidity. Humans may never become truly content with what they are given, allowing them to desire superfluous objects. The development of greed, as shown in repeated history, eventually leads to the ruination of characters, one particular character being Andrew Carnegie. Andrew Carnegie, the leader of the steel industry in the 19th century, epitomized the concept of greed by yearning for supplementary profits within his company; this greed greatly affected the lives of many, including Carnegie himself.

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The captains of industry believed that the poor people were inferior to the rich people. The rich were superior because they had “wisdom, experience, and the ability to administer”. The duty of a rich person was to help out a poor person which was what was said in the Gospel of Wealth. The Gospel of Wealth is about how the rich person's responsibility is philanthropy. Carnegie believes in charity work so he would donate to libraries, and universities and schools and etc.

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horizontal) reflects their consciousness of the diversity in societies they seek to uplift. On one hand, although Carnegie writes that “[h]uman society loses homogeneity” (“Wealth”), he only mentions the economic disparities creating a “problem of Rich and Poor” (“Wealth”). This binary understanding of the division of society is reflected by his repeated use of terms like “the masses” (Carnegie, “Wealth”), and offers insight into Carnegie’s vision of social uplift. Indeed, he doesn’t mention any tailored actions for subgroups of the mass, whose needs and existence are completely flattened by his

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Likewise, many wealthy people, including big business leaders, came to realize that it was their role in society was to give back. Due to all the negative responses, people such as Andrew Carnegie were huge philanthropists . They stated that because they were wealthy and were better inclined than most, they should be willing to help those at the bottom. Andrew Carnegie’s, Gospel of Wealth, explicitly stated how the wealthy have a moral obligation to give back (Outside Evidence). Other major responses to changes and the impact of big business were responses from the government.

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As the document B provide us with a review of North America Review, June 1889 titled “Wealth” by Andrew Carnegie. In this document we can analyze the ways of how wealth is disposed the first is keep it for your descendants, being this a wrong way to educate your children giving wealth without having worked to achieved, the second way is the leaving it for public uses after your death, but he criticized this by “Why should a man wait until his dead before he becomes of much good in the world?”, and the last one is the one he praise of set an example of “modest, living and to produce the most beneficial result for the community” By this he explain and implement a new model of use of wealth in the world for the common good making donations and improving

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Andrew Carnegie Once, there was a man to have the largest personal fortune in the world. He helped improve mankind by donating millions of his fortune to charity. This mastermind was named Andrew Carnegie, an industrial monopolizer who used steel to gain his massive fortune. Andrew Carnegie was born November 25, 1835 in Dunfermline, Scotland.

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The Gilded Age was a time of quick growth in the United States both in the economy and population. Though this period between the Civil War and World War I was a time of development, there were many downsides as well, such as political corruption, corporate financial misdealing, and imbalance of money. During this time, there was a huge difference in money, meaning the rich were extremely rich so they were spending their money like it was nothing. In June 1889, author Andrew Carnegie wrote “The Gospel of Wealth,” which is an article that describes the responsibility of philanthropy by the new upper class of the self-made rich. Since it was the most money they ever had, they were spending it in the stacks.

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Underpinnings and Effectiveness of Carnegie’s “Gospel of Wealth” In Andrew Carnegie’s “Gospel of Wealth”, Carnegie proposed a system of which he thought was best to dispose of “surplus wealth” through progress of the nation. Carnegie wanted to create opportunities for people “lift themselves up” rather than directly give money to these people. This was because he considered that giving money to these people would be “improper spending”.

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More importantly, Galbraith holds a different view on the duty and ability to aid from Carnegie. Carnegie supports policies which “induce the rich man to attend to the administration of wealth during his life, which is the end that society should always have the view” (Carnegie 490). He encourages rich people to distribute his wealth to help the poor during their lifetimes, which shows that it is the rich’s responsibility to administrate wealth in a society. More than duty, Carnegie believes that only the rich has the ability to efficiently administrate wealth. He condemns the way of distributing wealth after the rich man is dead since it is not efficient in that “it requires the exercise of not less ability than that which acquired the wealth

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During the Gilded Age, Andrew Carnegie and the miners were part of the industrial core of U.S. history, as both played a key role in developing the country's economy, albeit in different ways. Also, Carnegie saw fortune as an important part of the capitalist system. The Gospel of Wealth has epitomized the perception of Carnegie concerning wealth and poverty because he strongly feels that it is the duty of the affluent to give a part of their excess wealth back to society in such a way as would help improve welfare and advancement. The problem of our age is the proper administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in a harmonious relationship (Carnegie). Gospel of Wealth -.

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“Wealth” also known as “The Gospel of Wealth” was written by Andrew Carnegie in 1889. The second industrial revolution was going on during this time; the 1880’s were all about new inventions and ideas, some which were becoming reality as well as expansions of bridges and railroad lines. Large economic growth followed these changes, as well as the dying off of Indians, outlaws, and cowboy’s, drawing up a new era. This source reflects the 1880s-1890s because of the industries that were booming and making certain people rich, Carnegie being one of those people. But he also mentions of how those who are rich should do what is right and help out those who can’t provide for themselves.

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In the news article “The Gospel of Wealth” by Andrew Carnegie, Carnegie talks about on how we should spend our money to donations and other organizations that could help people and how it could save lives for the better and how makes us better people. A quote by Carnegie in the “The Gospel of Wealth” change my viewpoint on whether we should save all of our money or give it many donations is that he quoted “The man who dies thus rich dies disgraced” and I would say that everyone should follow this quote everyday because we just become rich and does nothing in their life are disgracing our people as a whole and how people can become rich should help in anyway that could change our earth for the better and it could also change the mind of the person who donate money to important causes that can help our world. Americans have always believed that spending our money wouldn’t help the world at all and it would even make the world a worsen place to live in also but there are some people that think it could even make you and the world happy by donating your money to beneficial causes. A news article by Fast Company “The Science Of Why You Should Spend Your Money On Experiences, Not

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He believed that if the wealthy don't give back some of their profits to the community, they are living a dishonorable life, and although I didn't necessarily agree with this radical viewpoint at first, I now am a firm believer in Carnegie's argument about wealth.

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First, he assumes (vocally) that inevitably a handful of individuals carry a disproportionate share of the wealth in society. Furthermore, he contends that this system in which a wealth gap must be present provides the greatest net benefit for society. One can disprove both of these assumptions by exaggeration, which, despite the absurd scale, still applies to Carnegie’s argument. A system in which fewer than ten individuals held 99% of a society’s wealth clearly would not benefit the society as a whole. Moreover, because of sociopolitical factors and the possibility of rapid populist revolution, this extreme system could not function for very long.

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