Wealth Views of Carnegie, Bellamy, and Rockefeller/Comparisons & Contrasts

Topics: John D. Rockefeller, Andrew Carnegie, Bill Gates Pages: 4 (1343 words) Published: March 3, 2013
In the late 19th century, the wealth was not well spread around the country. The poor were extremely poor, and the rich were extremely rich. Three men in particular held a large portion of the wealth, and many had different ideas on what to do with all that money. There was a wide range of viewpoints towards wealth in the late 19th century, and the viewpoints between Andrew Carnegie, Edward Bellamy, and John D. Rockefeller had substantial comparisons and contrasts that are crucial to our knowledge of today’s wealth in the economy. Andrew Carnegie was born in Scotland in 1835. He moved with his family to Allegheny, Pennsylvania at age thirteen and began his career as a bobbin boy in a cotton factory. He then got a job as a Western Union messenger boy, then telegraph operator, and a series of more positions leading to become the superintendent of the Pennsylvania Railroad on the Western side (Halsall). From there, he began a company that manufactured sleeping railway cars. He expanded his businesses to also create cars, bridges, and rails. In 1865 he began his first official company, the Keystone Bridge Company. Then in 1873 he started up his steel works. Carnegie believed in partnerships in order for a successful business, not one head with many workers (Carnegie). He hired many young workers to help organize his steel company and it prospered. When he sold it to J.P. Morgan, the company was worth over four-hundred million dollars in the year 1901 (Dukcevich). Carnegie was also a positive philanthropist. He gave his money to projects that would benefit the social scene. More popularly, he funded libraries. It is believed that he funded nearly 3,000 libraries. “To resolve what might seem to be contradictions between the creation of wealth, which he saw as proceeding from immutable social laws, and social provision he came up with the notion of the ‘Gospel of Wealth.’” In 1889 Carnegie published this book. In it he discussed the moral obligations of the rich,...
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