Andrew Carnegie's The Gospel Of Wealth

Was Andrew Carnegie a Hero? Andrew Carnegie was known as one of Americas best business men and industrialist. Some could argue that Carnegie was either a hero or a villain. The legacy of Andrew Carnegie proves that he was a hero due to the plethora amounts of money he donated and daring yet intelligent business choices (Doc. 9+5).

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.

In the Gospel of Wealth Carnegie discussed how wealthy men help the poor and working class with charity. Since the wealthy get to choose where the money goes to it helps the poor more than it would by being given to them. The money went to programs and services the poor needed rather than being given to the poor that would spend it on unneeded resources. The superior education and understanding of the industrialists and wealthy helped the poor and working class more because with charity they could choose what programs would get the funding needed to help the poor.

In the “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 accumulate in the hands of the few might be beneficial to the human race because it could promote competition between companies; it might ensure health care for everyone no matter their social standing, and parks and recreation could

For instance, giving money to the National Federation of the Blind because I have an eye condition or volunteering at an animal shelter because I love animals. While these acts are definitely commendable, I’ve learned that they aren’t what effective altruism is about. These acts would be considered “misguided grounds for giving” (86). Effective altruism is about doing the most good by helping the most people who need the most help. Singer raises an interesting point that I hadn’t thought of before; aiding poverty in third world countries will have more of an impact than aiding poverty in America because poverty in America is still relatively more affluent than poverty in third world countries. Which is challenging because as I’ve said before, part of human nature is to want to help the people and causes that you have a bond with. If you choose to be an effective altruist, you need to have perspective on what will do the most good. You must see the world objectively and intellectually. For example, “not to donate a kidney to someone in need is to value one’s own life at four thousand times that of a stranger” (87). However, my own sense of community still stands strong. I grew up in a small town on a small island where traits like empathy and passion were held above objectivity and intellect. Therefore, while this book raises logical points about how we should view the world,

He discusses all that is wrong with the wealthy individuals and how they are spoiled. He makes his argument by revealing how wealth is disposed of, “There are but three modes in which surplus wealth can be disposed of. It can all be left to the families of the descendants; or it can be bequeathed for public purposes; or, finally, it can be administrated during their lives by its possessors” (3). The author is Andrew Carnegie and intended audience is the general public but more specifically are those of wealth and make them conscious of how surplus wealth is disposed of. This is a primary source and reveals that even though this was how the world was a decade ago, it is quite similar and not much has

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

The richest man in the world, in his time, was Andrew Carnegie. His story of success was truly one of rags to riches. After coming to the U.S. from Scotland as part of a working-class family, he moved from job to job, eventually becoming more influential and gaining a large sum of money. Soon he was using his wealth to contribute to many public services, such as libraries and schools. Andrew Carnegie's life and actions have left a long-standing legacy and have contributed greatly to the American way of life, particularly toward education.

The “rags to riches” story is a term of reverence respecting the few in society who sacrificed the little they had and emerged successful. These doctors, lawyers, entrepreneurs, researchers, and other professionals inspire people of all socioeconomic levels by transforming nothing into something. Jay-Z, George Soros, Steve Jobs – these are names culture holds with great respect. One “rags to riches” story not many Americans have heard of pushes the limits of mental capacity. This man followed the poor-to-rich path and succeeded to such high degree that he, in turn, defined the very essence of this characteristic. Once a poor boy, Andrew Carnegie transformed the limited resources available to him into tools that aided his journey in becoming one of the richest, most successful men in all of history. Carnegie began his journey as an immigrant to Pittsburgh, Pennsylvania from Scotland. His family sought work, as their former weaving business had been destroyed by the Industrial Revolution (“Andrew Carnegie” American Experience). This experience as a poor worker created the drive that led him to become one of the wealthiest men of all time through his massive steel company, the Carnegie Steel Company. In conjunction with his economic success, the tycoon used the fruits of his leadership in the steel industry to become the “father of American philanthropy” (“Meet Andrew Carnegie”). As accomplished the man became, the

Hero, the definition of Hero, has been by pondered by many individuals. Hero is not word of mouth but a word of action characterized by spontaneous acts of benevolence to society, as well as leaving a mass footprint of succession that can be used as aide for the future. A famous entrepreneur, named Andrew Carnegie is a true definition of a hero, existing in an era of massive industrialization, where skyscrapers held their heights, and steam engines ignited. In fact Andrew Carnegie had indeed impacted the industrialized world with his new adoption of the Bessemer process creating his billion dollar steel empire. Andrew Carnegie can be defined as a hero because of struggles in his early life, philanthropy and his impact on the world .

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

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.

To simply give money as “charity” to a man who has none, is to only feed into his follies as a man. Carnegie believes that in an every 1,000 dollars given to charity, 950 dollars of it goes to waste. The rich man who simply hands money away in small sums to others themselves only stalls the growth of character and ambition throughout the Nation.

Franklin exposes in "The Way to Wealth" one of the main American myths: the way to wealth is based on hardworking and effort; both lead anyone to success. In this text, Franklin gives his readers valuable advice to obtain this objective. It is a short and straightforward text in which its author achieves to treat a quite complicated issue in a very effective way: the text's structure and its aphorisms are the keys to this.