Wealth
“The Gospel of Wealth” written by Andrew Carnegie discusses the post Civil War industrial expansion era, a time that produced immense wealth for many business tycoons. Andrew Carnegia, an elite industrialist, created a very large wealth for himself during this time. Some of the elite industrialists tried to change their “robber baron image by curbing their often ostentatious lifestyles and seeking opportunities to enhance the community.” Andrew for one, decided that it was imperative for wealthy individuals to disperse their wealth throughout the society for the advancement of the community. In his article he believes that the conditions of society have revolutionized over the past hundred years, and it was inevitable that some individuals would become quite prosperous. He believes that the change that has occurred, should not be looked down upon but should be welcomed, because then their can be great things. Furthermore, Andrew Carnegie made a list of duties for men with wealth to abide by.
He suggested that the wealthy should set of example of modesty, by shunning the display of extravagance, and should live unostentatiously. Carnegie believed that the rich man should become a trustee for the poorer man, either giving insight, superior wisdom, or through experiences. Carnegie believes that the rich man should be restricted to the examples of Peter Cooper, Enoch Pratt of both Baltimore and Brooklyn, who have improved the community and have created things such as parks for everyone to enjoy. He concludes, that a wealthy man who dies rich, will be unwept, and unhonored, while being disgraced. Thus, one should be a philanthropist and give back to the community.
I truly feel that Andrew Carnegie article is filled with great principles. I think it is great when you see wealthy individuals giving back to the community. Although, I find it almost ironic and contradictory that after having written this that he lived in such an extravagant mansion. Nevertheless, I think his house is beautiful and it is great that he gave so much back to the community, like libraries, a university, and recreational places. A good friend of mine from school back in Miami had a very affluent grandfather who owned the distributing rights to numerous popular beverage companies. He passed away this month and had over 2,000 people at his funeral.
The captain of industries were businessmen who also benefitted society through their accumulation of wealth, using methods such as increased productivity, the expansion of markets, offering up new jobs to the working class, and other acts of generosity. All of the notable industrialists dubbed “robber barons” were also named “captain of industries” as well. Therefore, there have been many debates as to whether the term “robber barons” really did justice to the industrialists, when taking into account of their effects on America’s economy, and not just the negative aspects. While the robber barons did harm specific groups of people in order to meet their selfish goals, as well as execute ruthless tactics to surpass their competitors, they have also created an economic boom in which they created larger manufacturing companies, created many employment opportunities for the working class. Even though robber barons went to extreme measures and harmed others in their pursuit of wealth, they have also, and built a stable and prosperous
Carnegie understands the flaws with the law of competition, stating that their is often friction between the rich and the poor. He acknowledges that the law may be hard for individuals, but in the long run it will benefit the race. He continues that the competition of industrial and commercial are more than beneficial but will allow progress of society. He suggests that the wealthy can use their wisdom and experience and help set an example for those without guidance. Carnegie endorses the wealthy allow their surplus of wealth to be given to improve their community. He states that the riches passing through the hands of a few can be more beneficial than if the wealth distributed and was given directly to the
At this time, Vanderbilt had emerged as a top leader in the railroad industry during the 19th century and eventually became the richest man in America. Vanderbilt is making it abundantly clear to Americans that his only objective is to acquire as much wealth as possible even if it is at the expense of every day citizens. Another man who echoed such sentiments is Andrew Carnegie. In an excerpt from the North American Review, Carnegie takes Vanderbilt’s ideas even further and advocates for the concentration of business and wealth into the hands of a few (Document 3). Carnegie suggests that such a separation between the rich and the poor “insures survival of the fittest in every department” and encourages competition, thus, benefiting society as a whole. Carnegie, a steel tycoon and one of the wealthiest businessmen to date, continuously voiced his approval of an ideology known as Social Darwinism which essentially models the “survival of the fittest” sentiment expressed by Carnegie and others. In essence, he believed in widening inequalities in society for the sole purpose of placing power in the hands of only the most wealthy and most
The rich tycoons of their society refused to share their money with the poor. Andrew Carnegie and Samuel Gompers both wrote their essays towards the wealthy with hopes to make a difference for the poor workers and unemployed. Rich tycoons would do anything to keep it for themselves, if it meant leaving it as inheritance
In my opinion Carnegie is a truly a hero. Today we don’t see a lot of men giving their money away when they die. Carnegie did change many lives for the better, and he did help save lives as well. In Document B Carnegie would word how the wealthy would never do anything with their money for the better, he didn’t want to became one of them. Carnegie quote was “ The man who dies rich dies disgraced”, by that he means why would you all that money go to waste, you are going to be died, that money could help save many lives that is why he was one who changed
Carnegie, Andrew. The Gospel of Wealth. 391st ed. Vol. 148. N.p.: North American Review, 1889. Print.
Growing up as a young boy in Scotland, Carnegie's family was not very wealthy. They immigrated to America where Carnegie went from working as a bobbin boy, making $1.20 per hour, to making millions of dollars later in his life. Carnegie did not become wealthy by unethical means, as a Robber Baron would. Instead he worked very hard and wise to get to where he was during that time. Andrew Carnegie came from "rags to riches" in his lifetime and it paid off.
...ve up the fortunes they have built themselves. It is an admirable idea to give your money to help promote a thriving community. Carnegie states that he is against charity and believes that those in need should be taught how to improve their own lives. To fund these institutes and corporations a form of charity must be given. Wealthy citizens give their excess money to a few to disperse of in a way they see fit to help the race. Most Americans are not willing to give up such a large sum of money as noble and respectable of an idea as it is. I think that Carnegie’s plan, in theory, would work and would be best for the race. I do not think it is practical because most would rather spoil their own family with inheritance than give it away to help people unknown to them. Carnegie’s idea of fair is equal opportunities for everyone to help themselves and the race.
Document M gives us quotes from Andrew Carnegie’s, “Wealth” in the North American Review, June 1889. He states that he wanted more than just the wealthy to prosper: “The man who dies rich is a disgrace.” He was one of those men who would leave their wealth for public use on his deathbed. He never spent too much of his money because he wanted to “set an example of modest... living…; and… to consider all surplus revenues… as trust funds;” he’s a little bit of a hypocrite. Carnegie’s ideas are criticised for the mistakes along the way, but when his ideas came to be, they made big impacts all around the
Andrew Carnegie and his philanthropy made him a hero because he helped more people than harm in the long run, by this I mean he helped other countries. He also sets a great example to everyone that helping others or someone is not something you need to wait to do when you are no longer living. If someone needed help and even a stable person had the choice to help but until they are no longer alive has little meaning. Perhaps it would be too late when the person isn’t around anymore. Its about what someone can do to help when they are around, it is about what a person can do in the time of need even if it is not much but a little of anything can go a long way. In (Doc C) there is a list of amounts of money that Carnegie has donated to various places which in total he has donated well over $271m but aside from that his corporation is giving out about $100m a year, most of it to education (Doc C)
Even though these men attempted to build a stable foundation for America to grow on, their negative aspects dramatically outweighed the positive. Even though Andrew Carnegie donated his fortunes to charity, he only acquired the money through unjustifiable actions. As these industrialists continued to monopolize companies through illegal actions, plutocracy- government controlled by the wealthy, took control of the Constitution. Sequentially, they used their power to prevent controls by state legislatures. These circumstances effect the way one
Carnegie did not believe in spending his money on frivolous things, instead he gave most of his fortune back to special projects that helped the public, such as libraries, schools and recreation. Carnegie believes that industries have helped both the rich and the poor. He supports Social Darwinism. The talented and smart businessmen rose to the top. He acknowledges the large gap between the rich and the poor and offers a solution. In Gospel of Wealth by Andrew Carnegie, he states, “the man of wealth thus becoming the mere agent and trustee for his poorer brethren, bringing to their service his superior wisdom, experience and ability to administer, doing for them better than they would or could do for themselves” (25). He believes the rich should not spend money foolishly or pass it down to their sons, but they should put it back into society. They should provide supervised opportunities for the poor to improve themselves. The rich man should know “the best means of benefiting the community is to place within its reach the ladders upon which the aspiring can rise- free libraries, parks, and means of recreation, by which men are helped in body and mind” (Carnegie p. 28). Also, Carnegie does not agree they should turn to Communism to redistribute wealth. Individuals should have the right to their earnings. Corporations should be allowed to act as it please with little to no government
Carnegie’s essay contains explanations of three common methods by which wealth is distributed and his own opinions on the effects of each. After reading the entire essay, readers can see his overall appeals to logos; having wealth does not make anyone rich, but using that wealth for the greater good does. He does not force his opinions onto the reader, but is effectively convincing of why his beliefs make sense. Andrew Carnegie’s simple explanations intertwined with small, but powerful appeals to ethos and pathos become incorporated into his overall appeal to logos in his definition of what it means for one to truly be rich.
...y as “the root of all evil” would be too simplistic; what she suggests, rather, is that the distribution of wealth in mid-nineteenth-century America was uneven, and that those with money did little to effectively aid the workers whose exploitation made them rich in the first place. In her portrayals of Mitchell and the “Christian reformer” whose sermon Hugh hears (24), she even suggests that reformers, often wealthy themselves, have no useful perspective on the social ills they desire to reform. Money, she seems to suggest, provides for the rich a numbing comfort that distances them from the sufferings of laborers like Hugh: like Kirby, they see such laborers as necessary cogs in the economic machinery, rather than as fellow human beings whose human desires for the comfort, beauty, and kindness that money promises may drive them to destroy their own humanity.
A wealthy person, with the desire to do well with their fortune, could benefit society in a number of ways. Carnegie has verbally laid a blueprint for the wealthy to build from. His message is simple: Work hard and you will have results; educate yourself, live a meaningful life, and bestow upon others the magnificent jewels life has to offer. He stresses the importance of doing charity during one’s lifetime, and states “…the man who dies leaving behind him millions of available wealth, which was his to administer during life, will pass away ‘unwept, unhonored, and unsung’…” (401). He is saying a wealthy person, with millions at their disposal, should spend their money on the betterment of society, during their lifetime, because it will benefit us all as a race.