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.…
The Gospel Of Wealth: Andrew Carnegie wrote this about the responsibilities of the wealth and how they should help the poor help themselves…
Andrew Carnegie and John D. Rockefeller, were both at one point in there life’s the richest men in the world. However they both had very different trails getting to their fortunes. Rockefeller was more or less handed money being part of the prestige aristocracy, however he was a very shred and organized man. He stressed the idea of planning ahead and never procrastinating, in most cases he was a penny-pinching millionaire. Even as a child he was always very organized and always planned ahead. This helped contribute to his success in his life with is Oil Company. Andrew Carnegie was not as fortunate as Rockefeller; he was an Irish Immigrant and at one point in his life was making a $1.70 a week. He was the epitome of the American dream; he rose…
Also he believed that it is up to one’s ability and energy that will allow them to produce the wealth that they seek for themselves. 2. What are three ways Carnegie suggest to dispose of personal wealth? The first suggestion Carnegie offered was that of leaving your wealth to your families when you passed away.…
He created a stronger type of steel that was not only the most effective, but the most efficient as well. Andrew Carnegie also had a strategy of his own. He believed that the only way to become a great businessman was to control monopolies and control the step of the process in materials. Carnegie definitely had a different side to him. He was a cruel businessman to his workers and a very kind philanthropist. He would poorly pay his workers, as well as leave them poorly housed. Carnegie was really never close to his workers and the wages that they had were very low compared to other steel industries. Nevertheless, he believed that "the man who dies rich, dies disgraced and a rich man should use his money for the benefit of others" (Youngs 33.) In Carnegies older years, he devoted himself entirely to his philanthropist's beliefs' after he sold his business. Carnegie built libraries around the world, but focused especially on the United States. He opened up galleries, museums, music halls, and technical schools. He also encouraged research and higher learning to others. Carnegie also established a donation to permanently seek an end to war. His donations totaled about 350 million…
Andrew Carnegie talks about how the upper class have a responsibility to reduce excess wealth by being charitable to highlight the issues of wealth inequality. He suggests that society can use the wealth from the upper class more responsibly than the state. In the article, he talks about his dislike of people using money irresponsibly on material things. He suggests when the upper class distribute their wealth, they should do it in a way the promote responsible spending. He talks about how there are two types of wealthy people.…
He was a ‘hero’ in the sense that he gave away most of his money to establish many libraries, schools, and universities in America, the UK and other countries, as well as establish a pension fund for former employees.Carnegie felt that money is like manure, i.e., it does no good unless you spread it around. Aside from his well-known steel business that he sold to J.P. Morgan who formed US Steel, the philanthropic qualities of the man are most remembered. As Andrew Carnegie himself said on the subject of wealth: “Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.”,“There is no class so pitiably wretched as that which possesses money and nothing else.”“I resolved to stop accumulating and begin the infinitely more serious and difficult task of wise distribution.”…
Gospel of Wealth: Carnegie’s philosophy that the millionaire had a duty to distribute wealth while still alive.…
People were given places to stay and freedom from supression, freedom from their overbearing government's. At first there were plenty of German and Scandinavian immigrants, however, the Gilded Age saw newcomers including Italians, Baltic, Slavic, and Chinese people. They were able to hope that they too could be a captain or at least be of assistance to their families and get that American Dream Carnegie, Rockefeller, J.P. Morgan, and Vanderbilt had. Andrew Carnegie’s, Gospel of Wealth, in 1889 concluded that it would be immoral for the men to hoard riches to themselves Furthermore recalling that, “his judgement, is best calculated to produced the most beneficial results for the community” (Document C). Carnegie was capable of placing his money where his mouth was and donated a total of $350 million. If he was really such a vile, corrupt, shrewd being he would not have made any contribution to society. The world's richest man used his money he accumulated in an exemplary way, to assist the growth for knowledge by donating to universities, and public…
Andrew Carnegie was a Scottish native that emigrated to Allegheny, Pennsylvania when he was a young boy. Through rigorous work, reading, and dedication Andrew Carnegie became one of the wealthiest men in history. In this autobiography Andrew Carnegie explains the story of being an immigrant who goes through numerous obstacles and struggles, however, rises to the top. Carnegie’s autobiography is moving and extremely powerful for being one of the first of its kind in the 1900s. He starts as a telegrapher and with hard work and complete devotion to being the best, becomes the captain of industry and steel magnate.…
If you were the richest person in the world what would you do with your money, save the economy from going under or simply just walk away. Well Andrew Carnegie was a man of wealth though he didn’t start out like that; he came from a poor family born in November, 1835, in the attic of the cottage his family lived in, in Dunfermline Scotland. He and his family left that cottage in Scotland to come to America in 1848 where at twelve years old he started to work almost immediately. Andrew Carnegie is a hero because his views on business, he is charitable, and he knew business. Everyone has their own views on how to run a business but Andrew Carnegie will forever be known as someone with great business practices. Carnegie believed in social Darwinism which means the product of natural selection of those persons best suited to existing living conditions and in accord with which a position of laissez-faire (means no government involvement) is advocated (doc.2).…
Andrew Carnegie has a very unique perspective pertaining to the wealth in America and its distribution. Not only is he concerned about how much money is put to good use, but when; such as if the person donating the money is in life or after death. The “Gospel of Wealth” brings perspective of the nation’s money recirculation and the worth of a man by his generosity while living.…
With this being said, should Andrew Carnegie still be considered the richest man the world has ever seen? If someone is measuring wealth based on the monetary value alone, it is a tight race between Alan Rufus (also known as Alan the Red), John D. Rockefeller and Andrew Carnegie. If someone is measuring wealth based on power or how much ownership of business, it is, again, a tight race between Genghis Khan, Joseph Stalin, and Andrew Carnegie. The only people who may be richer than Carnegie are Mansa Musa, Emperor Shenzong and Augustus Caesar, which we cannot validate because of how far back in history they are in. The point being, Andrew Carnegie was one of the richest people in the world. However, as stated in the introduction, Carnegie’s wealth goes far beyond monetary value. One can argue about the ways Carnegie obtained his money but none were illegal. To some people, Carnegie is the spitting image of the ideal American dream. He started as an immigrant from Scotland coming to America and became one of the most successful people on earth. His philanthropist works are not just with charities but his philanthropy works were used to back independence in the United States and promote democracy. Upon Carnegie’s death, he had already given away $350,695,653, about $76.9 billion today, of his wealth. His remaining $30,000,000 was given to various charities and foundations which he had shown…
These men are Captains of Industry, because they have helped our society by donating lots of their money to different charities and organizations. For Carnegie, he has,“Donated more than $350 million to further public education, build over 2,500 libraries.” (Website) Now that people can get a better education, they can get a better job and then support their family. Plus, poor people can check out books and get a free education, because there are more libraries. That way, they can get a job, support their families, and not be as poor. Carnegie also, “Created the Carnegie Corporation of New York, endowing it with $125 million to support benefactions after his death.” This means that people can now have extra money to be given to organizations…
Shortly after the civil war, industry was booming. Andrew Carnegie was the first to mass produce steel in Pittsburgh. After the disaster Carnegie steel was going down hill. Frick thought he was the one doing all the work and thought he could take over and be the main man. Frick was trying to take charge and a worker came in Mr. Frick’s office and got his attention and shot him in the side of the head. He missed where he was aiming and grazed the side of his head. After realizing what happened, Frick attacked the shooter and then the man stabbed Frick in the stomach. Three days after the attack Frick was out of the hospital and trying to plan his revenge.…