Wealth

In “The Gospel of Wealth”, Andrew Carnegie claims that wealth should be administered for the “common good” of a community, instead of merely distributed to the people within it. More specifically, he frowns upon the rich men who bequeath money to their heirs after their death, instead of donating to public institutions during their lifetime. The latter action will, according to Carnegie, “derive lasting advantage [from the masses of their fellows], and thus dignify their own lives.” (Carnegie, 13)

Wealth in the United States is generally thought to be distributed fairly as the highest earners have a higher percentage of wealth. Although this common notion is technically correct, the wealth is not spread as fairly as people might believe. The United States uses a free market, capitalistic economy, which entails wealth inequality. However, the amount of wealth inequality depends on how the government limits the wealthy. Interestingly enough, the government does not have regulations to distribute

different views on certain subjects such as wealth. Compared to today’s society where history has changed people’s opinions and views on wealth. Not to mention, the responsibilities and social pressures of the wealthy back in the 20’s and in our current society that impacts the perception of affluence. There is also the wealth inequality that was in the 20’s and is still here to this day, that influences the impact of wealth. In today’s society, wealth is another word for happiness. To be wealthy

major American industrialist in the late 19th century and after obtaining substantial wealth from his steel industry, became an advocate for giving back to the less fortunate. Carnegie’s desire to donate to those less fortunate came from past experiences, growing up as an immigrant and working in a cotton factory young. He knew and understood the hardships that people faced when not able to acquire the type of wealth he rose to earn. Through his long life this atypical businessman advocated for many

bulk of the country’s wealth. Wealth can be defined as a person’s assets and monetary gains. This unequal distribution has caused numerous economic and geographical problems, such as how resources are divided among countries, how developed or industrialized a country is in relation to wealth distribution and the wide spread of disease and lack of medical attention due to an absence of money. In this paper I will address the negative and positive aspects associated with wealth distribution. I will

Carnegie’s vision and success grew exponentially, and now his name is often mentioned alongside the likes of Henry Ford, Thomas Edison, and Cornelius Vanderbilt (Biography.com, 2017). With great success, came great wealth, and Carnegie developed very clear ideas concerning how wealth should be handled. These ideas led Carnegie to write an article which is today

compare in terms of numbers and percentages of wealth distribution? Why? According to Adams, M., Readings for diversity and social justice (Third ed.) pg 156, “the wealthiest 1 percent of the American population holds 34 percent of the total national wealth. Approximately 183,000 Americans, or ¾ of 1 percent of the adult population, earn more than $1 million dollars annually. The middle class in the United States holds a very small share of the nation’s wealth. Nearly 37 million Americans lived in unrelenting

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.” Carnegie

his views were not ethical, then at the very least they are logical. Nevertheless, I do understand his point of view on self-made rich: if I worked hard to be here, others shouldn’t have the easy way out. This man is right on the accumulations of wealth. I especially agree with his philanthropy and his stance on not giving directly to the poor. Many instances happen when you are waiting for the light to turn green at a traffic light and a homeless man will come up to you asking for money. You don’t

The Gospel of Wealth I've never been very keen on reading writing from the 1800's, so when I found out that I had to write an essay on The Gospel of Wealth, to say the least I wasn't too thrilled. When I first started reading The Gospel of Wealth, I didn't understand half of the things Andrew said, however after around the 17th time, it clicked. Andrew had said there are three different options where money can go after a wealthy person dies. The first place Andrew said the money could go to is