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Analysis for andrew carnegie the gospel of wealth
Analysis for andrew carnegie the gospel of wealth
Andrew Carnegie’s essay, Wealth
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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.
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.
Andrew Carnegie was a significant person in history because he was a wealthy businessman living the American dream, a dream everyone hoped to experience but never did. Coming from humble beginnings, Carnegie came from Scotland to America as a poor immigrant working from job to job before becoming a secretary on the Pennsylvania railroad. He was a diligent worker and was paid in forms of stock which Carnegie eventually sold, allowing him to begin the Carnegie Steel company. By 1900, Carnegie had around 20,000 employees producing more steel than England because he constantly found cheaper production methods for making steel. However, unlike the other monopoly holders, Carnegie donated nearly $350,000 out of the $400,000 to charitable organizations
1. Who wrote this document? (Don’t just list a name here – provide some background information on the person.) When and where did they write this document? Andrew Carnegie, a Scottish immigrant who gained his enormous fortune through the steel industry, writes “Wealth”.
“What if the proper mode of administering wealth after the laws (of survival of the fittest) upon which civilization have thrown it into the hands of the few?” (Doc. B - Andrew Carnegie) Andrew Carnegie was a Scottish-American, self-made entrepreneur who from the age of 24 was motivated and well to do. He was, from the start, always trying to find ways to make money. Finally, he found out a way to make steel that was stronger, more durable, and cheaper.
Andrew Carnegie was a steel businessman and the richest man in the United State in half of 19 century. He was born in Dunfermline, Scotland in 1835. He lived in a poor place. So he decided to move to U.S in the late 1800s to have a better life. First, he worked in the railroad industry in seven years.
In addition, his writing is biased mainly because he sees his class as being the sole givers. His essay is meant to persuade those in his class to improve the living condition of the less fortunate and better the community. On the other hand, his attitude towards giving large sum of money to family members who will only waste the money rather than using it for greater purposes is agreeable. All in all, his purpose of this essay is for greater purpose and has allowed less fortunate people or the community to benefit from his wealth because education is the best way to improve the community. By establishing libraries or educational buildings, Carnegie stayed true to his philosophy and has bettered the
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”.
Andrew Carnegie, A man of many talents, that never gave up, and always strived for perfection. When you think of the economy and how far along it has came since 50 years ago one name should come to mind, Andrew Carnegie . He was the top person when it came to steel and made a lot of money doing it. Andrew Carnegie, played an important role in United States history, which brought about an exponential change in the United States “Carnegie was born on November 25, 1835, in the small Scottish town of Dunfermline, near Edinburgh. His father, William, had been a successful weaver and moved to Dunfermline from a tiny settlement in order to be closer to the center of trade.”
Andrew Carnegie was a poor man growing up. He started with a house that cost 20 dollars to rent, and throughout his life, he had to work his way up the social ladder and eventually ended up living in mansions and castles. Carnegie used a business practice he invented called vertical integration, which lowered costs and effectively made better quality products. Carnegie was a well respected boss and provided equal pay for
Andrew Carnegie was one of the most famous and wealthiest American industrialist during the Industrial Age. He was a robber baron who made a fortune in the steel industry and applied vertical integration to his business. Carnegie contradicted his views as a robber baron because he supported, but destroyed many unions. This made many of his views unethical.
He argues having a trust fund dedicated to a few people who decide what the best option to use it for, is better than just giving money to everyone in the town for example and letting them run wild with free money. Although people always want to have money, it’s apparent that not everyone decides what to do with it wisely. If 5 people who are worthy of being chosen for example use money given by the wealthy; this action becomes the “means” by which is necessary to support the “many” with opportunities like libraries, shelters, railroads, really anything that is necessary for an economy or town to flourish. Thus, the wealthy live the way they choose with a significantly modest amount; any surplus wealth is used to benefit those who have less, mimicking a symbiotic solution that Carnegie believes rich and poor are faced
People in power should have full responsibility to select the most beneficial charities and philanthropies to receive donations; they should do all they can to successfully make a change. Individuals in positions of power are those who appear to be at the top of their food chains and have more advantages. People who give just enough to appear charitable but not enough to put themselves in an uncomfortable position. Individuals who are so wealthy that they can support numerous charities while still wearing the newest fashions and living in the largest homes. These individuals refuse to use their increased status and opportunities to donate for their selfish pleasure.
As Carnegie was growing both richer each day from his prosperous Steel company, he had eventually become one of the captains of industry and also in some cases a robber baron. Other owners like Rockefeller were also a part of this group. going back to the Gospel of Wealth, after Carnegie had accumulated an excessive amount of money he had pulled up from his successful industry, he felt the need to use it correctly to benefit everyone or people who didn't have as much money as
The late nineteenth century was a pivotal moment in American history. During this time, the Industrial Revolution transformed the nation, railroads had dissipated all throughout the country, and economic classes began to form, separating the wealthy from the poor. One of the wealthiest men of this generation was Andrew Carnegie, a Scottish immigrant who fled to America to make millions off the railroad, oil and even steel businesses. Carnegie is considered one of the richest men in history, and even with all that wealth he decided to give back to the community. As a matter of fact, Carnegie donated most of his funds to charities, universities and libraries in his last few years.
