Annotation: Andrew Carnegie's essay "Wealth."

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According to Andrew Carnegie's essay, how should wealth be used? What is the best way to use it?
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What I find so fascinating about this essay is how relevant it is in today's world, in which we have 1% holding a disproportionate amount of wealth and 99% holding what is left. Carnegie's argument is that this is a good thing, as he says,

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In the 1880s the Socialist Party began appealing to such workers to back a profound change. The socialists (people who seek political and economic equality for all people) and other groups, such as the communists (people who believe in a government in which the people own property in common), advocated higher wages and other benefits for workers, which would come at the expense of wealthy owners like Andrew Carnegie. Consequently, Carnegie wrote an essay which he titled simply "Wealth."

"Contrast Between Andrew Carnegie And Henry George". Anti Essays. 22 Jul. 2017
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Was Andrew Carnegie a Hero? Essay - 779 Words | Bartleby

Andrew Carnegie believes in a system based on principles and responsibility. The system is Individualism and when everyone strives towards the same goals the system is fair and prosperous. Carnegies essay is his attempt to show people a way to reach an accommodation between individualism and fairness. This system can only work if everyone knows and participates in his or her responsibilities. I will discuss Carnegies thesis, his arguments and the possible results of his goals. 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 inheritor or the community. Inheritance promotes laziness and the lack of a good work ethic does not teach the young sons of wealthy men to make money for themselves or help those in community they live in. Carnegie believes that charity is also bad and instead of handouts money should be given to those in a position to help the needy help themselves to be better citizens. It is the responsibility of the wealthy to use their surplus earnings to start foundations for open institutions that will benefit everyone. Men who only leave their money to the public after they are dead which makes it appear to say that if they could take the money with them they would. For this reason Carnegie is in support of Death taxes to encourage men to spend and use their money during their life. Carnegie says in his essay that a definite separation of the classes is productive for society and is very natural. If the classes were to become equal it would be a forced and change thus being revolution and not evolution. Carnegie is firmly against revolution and Social Darwinism ensures the survival of the fittest. Carnegies essay attempts to achieve a balance that is beneficial for all members of society. He seems to say that if everyone had equal amounts of income...

Was Andrew Carnegie a Hero? Essay Example for Free

At the same time Carnegie was keeping the lower class down, the industry of America was booming. Andrew Carnegie personal triumph of his family s own poverty is indeed a story of a hero. Carnegie had a childhood filled of hardship, and grief which is why he worked so hard to rise above it, and why it makes me much more of a hero. I think that he lived in a sort of moral oblivion where he conveniently did not notice how his workers and workers across the country were suffering in the very same, if not worse conditions that he had worked so hard to escape. Regardless of this apparent lack, Carnegie was dedicated to helping the population in general (as long as it did not interfere with his mills). He donated millions to many cities in support of education, the arts, and peace. He wanted to be remembered as a man who loved his fellow men. He reached for the industrial utopia with each of his mills, and doing so he eventually created the largest steel industry in the U.S. and was out producing Britain in his mills. Such a significant contribution is heroism. He also gave support to the very beginning of the union organizations in mills with his essays supporting their rights. He was the author of the Gospel of Wealth , which was a manifestation of his belief that a man who dies rich dies ashamed. All these characteristics lend themselves easily to Carnegie as a hero.

Andrew Carnegie Essay | Bartleby

A native of Scotland, Andrew Carnegie emigrated to Allegheny, Pennsylvania, in his youth and through voracious reading and personal initiative became one of the richest men in American history. His autobiographyrecounts the real-life, rags-to-riches tale of an immigrant's rise from telegrapher's clerk to captain of industry and steel magnate. One of the earliest memoirs of an American capitalist, appeared shortly after the 84-year-old author's death in 1919.
Industrialist, innovator, scholar, and philanthropist, Carnegie gave away more than 90 percent of his wealth for the establishment of libraries, schools, and hospitals. In addition to describing how he amassed his enormous fortune, his memoirs chronicle the deliberate and systematic distribution of his fortune for the enlightenment and betterment of humanity. This volume includes Carnegie's essay "The Gospel of Wealth," in which he outlines his philanthropic views, stating that "the millionaire will be but a trustee for the poor," bestowing charity on those willing to help themselves.