`` Wealth `` By Andrew Carnegie - 929 Words

In his article â€Å"Wealth†, Andrew Carnegie argues for the wealth to give back their wealth to the community by providing â€Å"public institutions of various kinds †¦ [to] improve the general condition of the people† (Foner 30). Carnegie uses this article to promote his Gospel of Wealth idea and provide his interpretation of the changing America. Carnegie’s Gospel of Wealth stated that â€Å"those who accumulated money had an obligation to use it to promote the advancement of society† (Foner 28). Carnegie’s articles focuses on the themes of Capitalism and Inequality, which continue to shape society. Carnegie was a wealthy man himself, but he practiced exactly what he preached. He notices how American society has revolutionized and created the divide between the rich and the poor as it changed. Carnegie compares the American past equality to the equality experienced among the Sioux Indians. Carnegie does not disapprove of the change, but reco gnizes it as â€Å"highly beneficial† (Foner 29). According to Carnegie, the evidence of the changing society is present in the â€Å"contrast between the palace of the millionaire and the cottage of the laborer† (Foner 29). Although Carnegie recognizes the divided between rich and poor, he does not see it as a bad thing, nor does he believe that people should stop obtaining wealth. Carnegie believes that the wealthy should use their money to provide for good instead of â€Å"hoarding great sums all their lives† (Foner 29). Carnegie approves of the implementationShow MoreRelatedAndrew Carnegie And The Gospel Of Wealth957 Words   |  4 PagesAndrew Carnegie (1835-1919) is a prime example of the phrase, from rags to riches. During his early and teenage years, Carnegie went through poverty. After coming up with crafty investments and going through various jobs, he rose to great prosperity. Because he has experienced poverty and knows that it is a well-known probl em, â€Å"Carnegie sought to use philanthropy to provide opportunities for individuals to help themselves.† Unlike Carnegie, William Graham Sumner (1840-1910), an influential professorRead MoreAndrew Carnegie on the Gospel of Wealth1250 Words   |  5 PagesAndrew Carnegie was born in Dunfermline, Scotland in 1835. His father, Will, was a weaver and a follower of Chartism, a popular movement of the British working class that called for the masses to vote and to run for Parliament in order to help improve conditions for workers. The exposure to such political beliefs and his familys poverty made a lasting impression on young Andrew and played a significannot role in his life after his family immigrated to the United States in 1848. Andrew CarnegieRead MoreThe Gospel Of Wealth By Andrew Carnegie1180 Words   |  5 PagesWealth can be defined as a surplus. This surplus is distributed among a society. The distribution creates associations among the people of the society with respect to wealth. The Gospel of Wealth, written by Andrew Carnegie, describes two classes and the association of wealth between them. Adam Smith’s passage, Of the Natural Progress of Opulence, similarly, includes a reciprocal relationship of production between the town and country. Unlike the other essays, Marx’s, Communist Manifesto, debunksRead MoreThe Gospel Of Wealth By Andrew Carnegie Essay918 Words   |  4 Pageslower class remained at the bottom, the separation continues to grow. Three men vocalize their views on the social division, capitalism, and individualism. Andrew Carnegie, an industrialist, believed the rich should distributed their we alth to benefit society while they’re alive. Carnegie elaborates this idea in his article, The Gospel of Wealth, written in 1889. Russell Conwell, a philanthropist, expresses in his speech, Acres of Diamonds, men should utilize their surrounding opportunities to makeRead MoreAndrew Carnegie Gospel Of Wealth1161 Words   |  5 Pages Andrew Carnegie was a Scottish immigrant, born in 1835. His first foray into the world of work was as a bobbin boy, at the age of 13, where he earned $1.20 per week. Carnegie quickly gained skills and proved his work ethic, until he landed a job with the Pennsylvania Railroad, and was promoted to superintendent by the age of 24 (Carnegie.org, 2015). From there, Carnegie’s vision and success grew exponentially, and now his name is often mentioned alongside the likes of Henry Ford, ThomasRead MoreAndrew Carnegie The Gospel Of Wealth Summary1044 Words   |  5 PagesAndrew Carnegies The Gospel of Wealth: Why Now? Makayla Newberne, The Times’ Editor in Chief In case you missed reading the June, 1889 issue of the North American Review, Andrew Carnegie submitted some words of wisdom entitled â€Å"The Gospel of Wealth†. In this article, Carnegie shares his beliefs as to what the moral obligations of the wealthy are to their fellow citizens. Andrew Carnegie, a Scottish immigrate to the United States in 1848, is a self-made millionaire and agreeable one of the richestRead MoreEssay on The Gospel of Wealth, by Andrew Carnegie975 Words   |  4 Pagesâ€Å"Gospel of wealth†, Andrew Carnegie argues that it is the duty of the wealthy entrepreneur who has amassed a great fortune during their lifetime, to give back to those less fortunate. Greed and selfishness may force some readers to see these arguments as preposterous; however, greed is a key ingredient in successful competition. It forces competitors to perform at a higher level than their peers in hopes of obtaining more money and individual wealth. A capitalist society that allows this wealth to accumulateRead MoreAdam Smith And Andrew Carnegie And The Gospel Of Wealth1260 Words   |  6 Pagescontinuous disparity of wealth and income can cause constant economic problems within a society. Although it is not apparent all the time, there are few benefits of di screpancy itself such as individual wealth, capital, and labor. Both Smith and Carnegie have distinct beliefs about wealth that differentiate from one another, yet are similar in certain ways. Adam Smith confined all his ideas about the common man in his â€Å"Wealth of Nations†. Whereas, in the â€Å"Gospel of Wealth,† Andrew Carnegie had distinct beliefsRead MoreAnalysis Of Andrew Carnegie s The Gospel Of Wealth1950 Words   |  8 PagesOld Money Spoils There are many dangers of leaving great sums of inheritance money to the children of those who accumulated their own fortunes. Andrew Carnegie, a self-made philanthropist millionaire who gave away $350 million and built 2,509 libraries before his death in 1919, sees this as a great problem as well and writes about it in â€Å"The Gospel of Wealth;† along with how he believes that the highest obligation of those who have amassed a great fortune is to return their money to the societies whereRead MoreEssay about The True Gospel of Wealth: Andrew Carnegie.698 Words   |  3 PagesGospel of Wealth: Andrew Carnegie The True Gospel of Wealth, an article written by one of the richest, most powerful men of the 19th century, is a guide to a nation virgin to mass amounts of wealth, and power. Carnegie is a self made millionaire, who immigrated to the United States with less than a dollar in his pocket. This fact would serve important in Carnegies epic rise to fortune, also in developing such philosophical understandings as, The True Gospel of Wealth. Andrew Carnegie was a