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The Gospel Of Wealth By Andrew Carnegie

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The Gospel of Wealth written by Andrew Carnegie in 1889 was an astonishing document that emphasized the importance of money management. Andrew Carnegie (1835-1919) was a self-made millionaire. “Carnegie, more than any other businessman of the era had the prototypical rags-to-riches story”(Captains of Industry, 21). He was born in Scotland and then moved to the Americas Just one industrialization and railroad building was developing. After briefly working and the railroad industry he soon found ways to grow and develop a strong Foundation to steal making industry. He used one of the processes developed during the Age of Industrialization known as the Bessemer process to create one of the strongest materials on the earth- Steel.

In the country …show more content…

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 …show more content…

Still, people who didn’t have that much money is that they thought that this was wrong. They used the Sherman Act of 1890 as a piece of evidence against him and in response to that, he wrote the gospel of wealth, saying that rich people are supposed to be giving back to the poor people, so they can be equal amounts of money in the society. One of the main reasons for the publication of the Gospel of Wealth was after the Haymarket riot in Chicago. Carnegie and other industrialized businessmen responded to workers' strikes for, adequate wages, rights to form a labor union, safer working conditions, and basic rights. Among them, Carnegie used the Gospel of Wealth to explain his point of view of why the administration of wealth was a big problem in society at the

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Carnegie was “One of the richest men in Gilded Age America, he promoted what he called the Gospel of Wealth, the idea that those who accumulated money had an obligation to use it to promote the advancement of society. ”(Foner pg.32) This is exactly how he used his wealth to help the less fortunate. Although the Gilded age was good, there were a lot of negatives. There was a tremendous amount of “economic inequality because the state did not regulate the growth of business.

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Andrew Carnegie and Samuel Gomper have different takes when it comes to the role that wealthy people should have in society. The two authors have opposed feelings toward the poor people being in the state of condition that they are in. Although their views are different what they are proposing in both documents can help the poor people. Carnegie’s The Gospel of Wealth focus more on what the wealthy people should do with their wealth to benefit the society.

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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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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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Andrew Carnegie was the one who wrote the Gospel of Wealth and it was a positive idea for the people who are not wealthy. Carnegie says that the upper class has a responsibility to address the issues of the wealth inequality. In the Gospel of Wealth, Carnegie stated that the wealthy class can be a better state than the government or state. Carnegie also states that the wealthy should dispense wealth and it should be a way that does not promote drunkenness. Carnegie argues that there are two types of wealthy people.

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Carnegie, known to have lived in New York (where most of the big businesses are today), wrote “Wealth” for the North American Review in 1889. Carnegie, himself, was born into poverty. He was not given his wealth, but worked hard to acquire it. It is honorable to mention that before he wrote about the problems between the social classes and what should be done about them, he experienced both sides. 2.

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The Gospel of Wealth. Line 55-60 P.209). Carnegie’s main idea was that you don’t give out handouts, you give them a way to bring themselves out of the bottom. That is a huge thing because he saw himself as an example of someone who brought themselves out of a poor situation. So for him this was a way of giving money back to the community and he was a very charitable man.

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Andrew Carnegie was the founder of the largest steel company. Carnegie grew in a poor community but then migrated to Western Pennsylvania just to completely make a change in his life and later on being recognized as one of the wealthiest people in that era. In Carnegie’s testimonial, The Gospel of Wealth, we can observe his way of thinking in regards of the benefits farmers got from the rich people. Carnegie said that “Today the world obtains commodities of excellent quality at prices which even the preceding generation would have deemed incredible…” (Carnegie). He explained that there is no reason for others to criticize the privileges rich people get in comparison to those farmers get being that, farmers and poor people have now better opportunities than they had before, “The poor enjoy what the rich could not before afford.

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Carnegie believed that the wealthy were obligated to take care of the poor. He called this responsibility the "Gospel of Wealth." He further asserted that "the man who dies rich, dies disgraced." Carnegie used his wealth to fund schools, public libraries, and numerous charitable organizations. However not all were as kindhearted and Carnegie was.

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The Gospel of Wealth was a belief by Andrew Carnegie, a wealthy Scottish immigrant. Carnegie believed that he was rich because God had given him the ability to become rich. He then believed that it was his duty to spend his money by giving to the poor or less fortunate. Other rich men at this time believed along side with Carnegie. Though Carnegie believed in giving money he wanted people to work more for it.

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In document B, we can see an article that Carnegie himself wrote, in June of 1889, where he states “(why should a man) wait until he is dead before he becomes of much good in the world?” He shows here not only his desire to help the world before he dies, but his aspiration that others do the same. He also expresses in the same article “The man who dies rich dies disgraced.” He again here exemplifies his want for the wealthy to do good for communities with their finances. These pieces of evidence show Carnegie not only wanted to make sure he was giving back, but that other affluent people were

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Carnegie preached wealth should not be personal but rather shared. He fought for economic equality by ensuring the wealth at the time was spread out for the public purpose, as well as making sure his wealth would be put to great use once he passed. Nonetheless, the United States economy would not have taken off without industrialists like Andrew

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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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One of the many Gospel of Wealth advocates was Andrew Carnegie, 1835-1919, who was an industrialist who emigrated from Scotland to American in 1848 (Wall, ANBO). Carnegie’s “Wealth” written in 1889

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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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