Comparative View of Wealth Accumulation in America

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The era that marked the end of civil war and the beginning of the twentieth century in the united states of America was coupled with enormous economic and industrial developments that attracted diverse views and different arguments on what exactly acquisition of wealth implied on the social classes in the society. It was during this time that the Marxist and those who embraced his ideologies came out strongly to argue their position on what industrial revolution should imply in an economic world like America. In fact, there was a rapid rise in the gross national product of the United States between 1874 and 1883. This actually sparked remarkable consequences on the political, social and economic impacts. In fact, the social rejoinder to industrialization had extensive consequences on the American society. This led to the emergence of social reform movements to discourse on the needs of the industrialized society. Various theories were developed to rationalize the widening gap between the rich and the poor. Various reformers like Andrew Carnegie, Henry George and William Graham Sumner perceived the view on the obligation of the wealthy differently. This paper seeks to address on the different views held by these prominent people during this time of historical transformations.
The view on the wealthy in the society was different from one person to another and this actually led to publications and criticisms one after another. Actually the discovery of new economic opportunities made United States to be viewed as a land of economic glory and prosperity. This in turn attracted more people from different parts of the world. Ironically, some of the optimistic immigrants got overly involved relentless poverty and had to struggle for cont...

... middle of paper ... George Henry, like many other reformers of the time believed that efforts to create a balance in the society should not compromise or interfere with any individual or a particular class in the society (Johnson).
In a nutshell, it can be argued that in the event of serious economic developments, various people and groups held different views of what exactly a wealthy society should be. It is crystal clear that Andrew Carnegie and William Graham Sumner held same view on wealth accumulation whereas Henry George strongly advocated for policies that would enhance equality.

Works Cited

jlopez007. Andrew-Carnegie-Vs-Henry-George. September 2013. 31 January 2014 .
Johnson, Michael P. Reading the American Past. Bedford: St. Martins, 2012.
Sumner, William Graham. What Social Classes Owe to Each Other. New York: Harper & Brothers, 1883.

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