Preview

Andrew Carnegie's Gospel Of Wealth

Better Essays
Open Document
Open Document
982 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Andrew Carnegie's Gospel Of Wealth
Andrew Carnegie educated others about the quality of wealth through his book, Gospel of Wealth. The number one problem in America, even to this day, is the proper administration of wealth. Carnegie feared revolution of those who did not have wealth. People are given large sums of money from the wealthy, and often do not work to gain their own income. Carnegie concluded individuals should not be handed these large sums of money, but only a little should be given to help kickstart that individual’s path in learning how to support himself. This idea is apparent in Carnegie’s Gospel of Wealth more specifically known as eugenics, adaption in the biological world of “winners” and “losers”, and environmental determinism.
An aspect of Social Darwinism,
…show more content…
Prosperous people are the changemakers and bridge the gap between the haves and have nots. Yet these people should be careful how much and who they are giving their money to. Lower income citizens tend to take advantage of money simply gifted to them. Spending money on things that will not help the poor prosper, is an ostentatious quality known as conspicuous consumption. The gap between the rich and poor is large today because of conspicuous consumption. Superfluous purchases do not help the economy and create an unhealthy impression of status. Carnegie believed that the wealthy should focus on is building opportunities for the poor so they are able to pull themselves up economically and improve themselves. Funding should aid the crafting of public amenities such as public libraries, colleges, culture, art, and public works. To raise their standard of living would help grow the industrial economy to help those who don’t have property. Andrew Carnegie lived the example of his theories by building Carnegie Hall and supporting education with his wealth. Carnegie’s idea is not realistic today because our economy would collapse, yet it’s still worth considering giving to the unfortunate to give others quality education and

You May Also Find These Documents Helpful

  • Better Essays

    By far the most profitable businessman during his age, Andrew Carnegie left his mark on industry, and profoundly impacted the expansion of business enterprise in America. Essentially, Carnegie rose from poverty to become one of the most influential, industrial tycoon’s in history by single-handedly building the American steel industry. During his time, Carnegie was known as being a prolific writer, but is most remembered for the entrepreneurial, and philanthropic career he created himself. By initiating numerous opportunities, consistently working hard, and being a fast learner, Carnegie was able to successfully build an empire of wealth not only for himself, but to greatly benefit America’s leading business industry we recognize today.…

    • 1144 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Carnegie argued against wasting of useful resources and capital in different forms of irresponsibility spending, extravagance other than promotion of the administration of said money. The case of building public institutions wills results to the improvement of the general conditions of the people in general. It is over the course of a particular person’s lifetime and also in connection with the cost of reducing the stratification that is between the poor and the rich.…

    • 391 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Gospel of Wealth: Carnegie’s philosophy that the millionaire had a duty to distribute wealth while still alive.…

    • 347 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    He was a proponent of shifting the economy from one of private capital to one of publicly-owned capital where the members of society would work in mutual cooperation with one another. Although there are problems with his system such as free-riding and lack of incentive to work optimally, he hoped that the morals of society would be able to evolve to a point where fulfilling one’s honor and duty to society would be enough of a motivation to maximize productivity. Unfortunately, this situation is still too idealistic for even contemporary times, as the top 5% of wealth holders possess more than half of the country’s wealth even today. There are individuals such as Bill Gates and Donald Trump that have been able to accumulate wealth by means of using innovative technologies and entrepreneurial abilities. The average standard of living has certainly increased, but it falls well short of Bellamy’s hopes of having a mutually cooperative and fully educated…

    • 782 Words
    • 4 Pages
    Good Essays
  • Good Essays

    In the time period during the Gilded Age, late 18th century to early 19th century, America's industrial economy exploded, creating pioneering opportunities for individuals to erect substantial wealth. Industrial giants like Andrew Carnegie, Cornelius Vanderbilt, J.P. Morgan, and John D. Rockefeller transformed business and launched in the modern corporate economy, but also, at times, eliminated free-market economic competition through the use of monopolies. Overall national wealth increased significantly, but many saw the gap growing between the rich and the poor along with it. The disparity between the realities of the rich, big business tycoons and the poor, “The Other Half”, were substantial, while the similarities between them were very…

    • 906 Words
    • 4 Pages
    Good Essays
  • Good Essays

    A crucial controversy of America today is the growing gap between the wealthy and the poor, and the discrepancy is caused by capitalism run wild and only the helping hand of the government can only fix the problem. A question that turns the tables is what if the growing wealth disparity in America is actually caused by the government? For years, the idea that inequality is economically neutral has been the prevailing view not just among traditionalists but also between most Americans outside the further reaches of a political audience. There could be ideological or moral reasons to object to a growing gap between the wealthy and the rest but for economic reasons, there are no such. Furthermore, there are many ways inequality places itself in America. In our society, a good amount of the population is forced to stand up and work for our country while hardly being redeemed for their time and effort, thus the problem of income inequality. An estimate of these people live from paycheck to another, barely coping with life itself, not because they cannot manage their money well, but the reason is that…

    • 1215 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Similar to 18th century Western Europe, the United States too suffers from this disease of looking up to the rich as superhuman, and looking down on the poor as if they were rats. Smith shares that this view many people have is something that has kept a social hierarchy in line. It could be said that when this quote has served to be untrue in history, it has been during times of great upheaval and insurgence. For example, the French Revolution was a time where the rich were not looked up to, and the poor were the topic of conversation. As far as a moral standpoint, it has stood the test of time. Moreover, even today in the United States, income inequality has shown to draw lines of moral stature towards the polarized classes of the American hierarchy (Pollin Lecture, Feb. 4). Driving through the west side of Philadelphia, I had profiled the low-income inhabitants as being less important than the upper income homes I saw in the historical and downtown areas of Philadelphia. I share this with many Americans, we are not mean; this natural thought is as Smith states, a corruption of our morals brought out by…

    • 653 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Wealth in America

    • 1386 Words
    • 4 Pages

    According to the ideology of the American Dream, America is the land of limitless opportunity in which individuals can go as far as there own merit takes them. Americans believe in meritocracy, a level playing field, where people succeed based on talent and ability rather than wealth. Even though it’s ideal to believe that everyone is equally able to succeed, society has developed the concept of social class to categorize people into different groups based on economic status. This system of social stratification contributes to the difficulties that the middle and lower classes have to experience in order to succeed. People are so wrapped up in the idea of meritocracy that society looks to the wealthy as hard working and deserving of their status while the poor are seen as somehow deserving of their low status because they haven’t risen out of their social class. The reality is that America is a wealth-based nation, and no matter the amount of drive or talent one may have, the people at the top of the totem pole are almost always favored over those at the bottom. We are not a meritocracy, not everyone deserves their place in society, and not everyone is created equal, no matter how ideal that sounds.…

    • 1386 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Why America

    • 496 Words
    • 2 Pages

    The uneven distribution of wealth has initiated an exceptionally large gap between the rich and poor. While the wealthy citizens continue to make money and build up their fortunes, many of their fellow American’s suffer. It was once a common American standard to help out your brothers, neighbors, and any one else in need. Now days, the people that prosper, hoard the capital they make instead of rebuilding the economy by cycling the currency throughout. Our country has been left with a shockingly increasing number of citizens jobless, bankrupt, and homeless. The stereotype of selfish Americans is coming to life while we aren’t helping to support our own fellow citizens.…

    • 496 Words
    • 2 Pages
    Good Essays
  • Good Essays

    If we continue to take from the wealthy to fund programs for people will not work then we are destroying our country. I also believe that those that are fortunate to have more should give to the ones less fortunate. This will only make our country better. I also believe that if the government wants to help those lee fortunate people it should and can by finding them jobs. There are some that are unable to work and we as a society should provide for their basic needs, but those that can work should be forced to in order to receive assistance. This would give these people a purpose and hopefully get them moving toward a self-sufficient…

    • 1215 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The Gospel of Wealth

    • 652 Words
    • 2 Pages

    Andrew Carnegie, author of “The Gospel of Wealth”, was a philanthropist who argued that “Individualism, Private Property, the Law of Accumulation of Wealth, and the Law of Competition;”(Carnegie,p.24) was only beneficial and experienced to a small percentage of society’s wealth. Carnegie argued in his excerpt that, “there are but three modes in which surplus wealth could be disposed of.” These modes include leaving all the accumulated wealth of that person to the family, leaving all their wealth at death to be donated for specific public uses, and spending their wealth throughout their life for the common good of society. Carnegie believed that if wealth was not administered appropriately, then society would continue to suffer due to the fact that the rich would get richer and the poor would continue to experience poverty; which is still evident today.…

    • 652 Words
    • 2 Pages
    Good Essays
  • Good Essays

    social change outline

    • 894 Words
    • 4 Pages

    “The problem in the U.S. is not that a minority has grown super rich, but that for decades now, it has done so to the detriment of the lower social class” (Arora 90)…

    • 894 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Wealthy/poor

    • 808 Words
    • 2 Pages

    The United States is split into three major parts, lower class, middle class, and upper-class. There is the lower class which consists of a yearly salary of twenty three thousand dollars for a household of four, the middle class which consists of a salary between thirty two thousand and sixty thousand dollars a year, and the upper class which earns a salary of more than two hundred fifty thousand dollars yearly. There are thirteen percent in the category of lower class living in the United States today. The wealthy should help the poor families get back on their feet by providing them with an education. If low-income families have the opportunity to receive an education, a lower class would no longer exist. Everybody would benefit by this change that education would make. The wealthy stay wealthy, and the poor better equipped to get a job and earn a salary to support their family. The rich should help the poor by providing them with the opportunity to have an education.…

    • 808 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    public school

    • 391 Words
    • 2 Pages

    rich have worked hard to get where they are, but the poor need to start somewhere, by using this money the poor…

    • 391 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    INTRO: Money fluctuates within a person’s life time; however, money also rules the world. It can control whether or not one is going to be comfortable in life or forced to scrape at the edge with a spoon. It can bring out the worst in someone as well. Oliver Broudy writes an article how money can change a person, he says, “In fact, money can relieve us of even our most deeply held principles with the bored ease of an usher taking a ticket,” (Broudy). In the world today there are three different classes of wealth, the lower class, the middle class, and the higher class each with different wealth and income. Robert Reich writes about the dilemma that the higher class is becoming wealthier while the lower and middle classes are becoming poorer.…

    • 1113 Words
    • 5 Pages
    Good Essays