The late 19th century was a time of rapid industrialization in the United States during which many people developed different views towards wealth and the wealthy class. Three specific viewers who had similar, but contrasting opinions of this were Andrew Carnegie,
Eugene V. Debs, and Booker T. Washington who believed that wealth could either enable people to rise in society or that it should be distributed.
Booker T. Washington's stance of the wealth created was that it enabled people to rise in society. Different from Andrew Carnegie and Eugene V. Debs, he integrated his view into his plan for racial equality. He encouraged black Americans to create a strong economic base.
Washington believed that his vision for black Americans would eventually lead to equal political and civil rights. In the meantime, he advised blacks to put aside immediate demands for voting and ending racial segregation. As a result, he developed the Bootstrap Theory which stated that if the country had a black economic base, rights would follow and racism would fade. He also found the Tuskegee Institution where Black Americans could learn skills needed for jobs.
However, he was criticized by other black leaders for tolerating racial segregation at a time of increasing antiblack violence and discrimination. However, he did speak out against the evils of segregation, lynching, and discrimination in voting.
Andrew Carnegie was not only a hugely successful businessman, but a great philanthropist. With the wealth that he acquired from the Carnegie Steel company, he promoted education and world peace.Carnegie was perhaps one of the first people to publicly state that the wealthy had a moral obligation to give away their fortunes. In 1889, he wrote "The Gospel of
Wealth"; in this book he argued that all personal wealth that is not used to provide necessities for one's family should be treated as a trust fund for the better of the community.Carnegie also built free public