The article was published in the North American Review , an opinion magazine for America's establishment. Carnegie proposed that the best way of dealing with the new phenomenon of wealth inequality was for the wealthy to utilize their surplus means in a responsible and thoughtful manner. This approach was contrasted with traditional bequest patrimony , where wealth is handed down to heirs, and other forms of bequest e. Benjamin Soskis, a historian of philanthropy, refers to the article as the ' urtext ' of modern philanthropy. Carnegie argued that surplus wealth is put to best use i. Carnegie also argues against wasteful use of capital in the form of extravagance, irresponsible spending, or self-indulgence, instead promoting the administration of said capital over the course of one's lifetime toward the cause of reducing the stratification between the rich and poor.
Essay on The Gospel of Wealth, by Andrew Carnegie
Andrew Carnegie's Gospel of Wealth Essay - Words
Both were exceedingly successful in virtually removing all competition in their respective fields of business and controlling almost all of the production capacity of their respective products in the United States. Their founders, John D. Rockefeller of the Standard Oil Co. He was one of many people who understood the power of dreams and the potential they had if brought about.
Analysis Of The Gospel Of Wealth By Andrew Carnegie
Andrew Carnegie published his essay The Gospel of Wealth to fight for a change in capitalist world. Carnegie is saying that wealthy men need to be an example to everyone else. They need to act professional and appropriately and give back to those who need it. Carnegie instead offers that those who work hard to accumulate their own fortune, using family pride as a motivator, are the most deserving to become wealthy and the most worthy to administrate philanthropy.
Andrew Carnegie was born in , and he lived till He lived until the age of 84, which back then was a lot. This steel company made him one of the wealthiest men in the world. The reason was because this steel company, more specifically, was the most efficient steel company that was around during that time.