Andrew Carnegie The Gospel Of Wealth Summary

What is Philanthropy? Who is a Philanthropist? A philanthropist is someone who gives their fortune back to schools, libraries, communities and much more. Andrew Carnegie and Bill Gates did just that. They continue to give away their fortune to help others. Andrew Carnegie and Bill Gates became very wealthy in different ways, shared similarities as well as differences with their works of philanthropy.

As young as 33, Carnegie was pulling in an annual income of $50,000 a year, a huge amount at that time, and this was enough for him. Carnegie was a firm believer that anyone could make it to the top, and that it was the wealthys’ duty to help the poor work towards a more comfortable life. Carnegie said that “the man who dies rich, dies disgraced.” This is a greedy, unselfish philosophy that a robber baron could not conceive.

After having enough of the steel industry in which Carnegie built from the ground up, with little training and knowledge in the field, other than his past experiences from working on the railroads and investing in oil and iron companies, The Gospel of Wealth (1889) was written. At the time of booming industry, few men had the opportunity to amass such vast fortunes such as Carnegie, and in writing The Gospel of Wealth (1889), Carnegie wanted to inspire to those with money to donate and give back to the less fortunate, and life with be better for everyone. He penned that greedy men who let their money die with them are a disgrace, and that the wealthy have a sort of obligation to promote the common welfare for the average American. Although Andrew Carnegie did not write any other essay, he donated millions of dollars, funded libraries, and supported a

Although Carnegie liked to be the tough businessman, he was not a monopolist and did not like monopolists. On the other side of the pool, Rockefeller was dominating the oil industry with no mercy. He believed in primitive savagery in the world of business, where only the fittest survived. He helped coin the term ‘ruin or rule.’ Rockefeller had a great belief in ruthless business, yet Carnegie did not. But in the end both had the most successful companies in their industries.

The Gospel of Wealth is primarily about the dispersion of wealth and the responsibilities of those who have it. Carnegie thinks that inheritance is detrimental to society because it does not do any good for the

Carnegie was also interested in political and social issues, writing a few books including Round the World in 1881, An American Four-in-Hand in Britain in 1883, and Triumphant Democracy in 1886. He was also a big fan of the educational system in the United States. In June of 1889, an article was published in the North American Review by Andrew about what he referred to as the “Gospel of Wealth”. In it, he stated that rich people have a duty to use their wealth towards benefiting the community. In his words, “A man who dies rich dies disgraced.2”

In Carnegie’s work, he focuses mostly on the job that the wealthy have in regards to people of lower social classes. Carnegie stated in his “Gospel” that one of the many roles of the man of wealth is to “become the mere agent and trustee for his poorer

According to Carnegie, the responsibility of those who receive charity from the wealthy is to give the money only to those who deserve it. In 1889 Carnegie wrote an essay, “The Gospel of Wealth,” in which he argued against what he called “indiscriminate almsgiving.” He began with the statement that there is a valid and significant difference among worthy and non-worthy poor. Some people, Carnegie argued, are poor through no accountability of their own: sometimes situations puts one in an undesirable position, making it hard to advance despite one’s best determinations.

Andrew Carnegie was also a reasonable businessman, he gave many of the men that were living in poverty, employment. His wages were pretty

Both George Eastman and John Rockefeller also donated a plethora of money to multiple charities making them philanthropists. For instance George Eastman donated money to kids who couldn't afford dental work, and he gave away scholarships to the Massentusats Institute of technology. Also he gave scholarships to Tuskegee Institute for African AMericans who wanted to get an education. Likewise Rockefeller also donated money towards education. For instance he created the University of Chicago and the Rockefeller Institute for Medical Research. Both of which received over $50 million dollars from him alone. Rockefeller also founded the General Education Board which he donated another $50 million dollars to. George Eastman and John D. Rockefeller could have used their money on themselves but instead used their surplus of cash on charities. This just proves the fact that George Eastman and John D. Rockefeller were captains of industry because they were innovators and

Andrew Carnegie Essay written by aliciareagan@neo.tamu.edu A man of Scotland, a distinguished citizen of the United States, and a philanthropist devoted to the betterment of the world around him, Andrew Carnegie became famous at the turn of the twentieth century and became a real life rags to riches story. Born in Dunfermline, Scotland, on November 25, 1835, Andrew Carnegie entered the world in poverty. The son of a hand weaver, Carnegie received his only formal education during the short time between his birth and his move to the United States. When steam machinery for weaving came into use, Carnegie's father sold his looms and household goods, sailing to America with his wife and two sons. At this time, Andrew was twelve, and his

Finally, he claims that a man who has wealth should set an example of living a modest life and to use their surplus revenues for the benefit of the public. He also claims that “a man who dies rich is a disgrace” (Document 8). The chart in Document 9 also indicates how much wealth CArnegie gave away to organizations, universities, and

Andre Carnegie was a poor immigrant who came to the United States in a quest for the realization of the American Dream. A self-started entrepreneur who through hard work and by taking advantage of the right opportunities was able to develop an enormous wealth, signifying with it, the definite possibility of social mobility. In his essay “Wealth” of 1989 Carnegie refers to the importance of the distribution of wealth and how such fortune was there to be used by the rich for the benefit and well-being of all individuals of society. Throughout this essay I will be explaining the arguments for the redistribution of wealth made by Carnegie, while analyzing as well the factors that may have motivated him to write his famous essay “Wealth.”

In his article “Wealth”, Andrew Carnegie argues for the wealth to give back their wealth to the community by providing “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 “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.

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.