Preview

Summary Of Wealth Inequality By Andrew Carnegie

Satisfactory Essays
Open Document
Open Document
263 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Summary Of Wealth Inequality By Andrew Carnegie
Andrew Carnegie talks about how the upper class have a responsibility to reduce excess wealth by being charitable to highlight the issues of wealth inequality. He suggests that society can use the wealth from the upper class more responsibly than the state. In the article, he talks about his dislike of people using money irresponsibly on material things. He suggests when the upper class distribute their wealth, they should do it in a way the promote responsible spending. He talks about how there are two types of wealthy people. The people that gain their wealth through hard work and determination. To Carnegie, these people are the best type of wealthy people because they have an appreciation for money. The other type of people are the ones

You May Also Find These Documents Helpful

  • Good Essays

    Iron Horse Apush Essay

    • 742 Words
    • 3 Pages

    The Gospel Of Wealth: Andrew Carnegie wrote this about the responsibilities of the wealth and how they should help the poor help themselves…

    • 742 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Robber Barons

    • 487 Words
    • 2 Pages

    Robber Barons, a term used in the late 1800’s and early 1900’s to describe a businessman who made an enormous amount of money, today we would call them billionaires. It was not really the fact they made a myriad of wealth, it was more the way they made it. In all the cases the acquiring of wealth was done in what was considered a ruthless manor and unscrupulous ways. A robber baron was more interested in acquiring wealth than the safety of his employees, the amount of work hours performed in a week, or the amount of wage being paid for a days work.…

    • 487 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Carnegie argued against wasting of useful resources and capital in different forms of irresponsibility spending, extravagance other than promotion of the administration of said money. The case of building public institutions wills results to the improvement of the general conditions of the people in general. It is over the course of a particular person’s lifetime and also in connection with the cost of reducing the stratification that is between the poor and the rich.…

    • 391 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    All men are created equal – that is, unless you subscribe to Andrew Carnegies ideas put forth in the 1889 essay “The Gospel of Wealth.” Carnegie (2010) wrote that some people are “unworthy” while others are “the highest type of man, the best and most valuable of all that humanity has yet accomplished” (p. 395). Carnegie’s (2010) belief in social Darwinism and “survival of the fittest” (p. 393) seemed to convince him that because he had achieved wealth, he was the most fit or qualified to determine the best distribution for it. However, Carnegie’s ideas on wealth distribution do not address many societal problems, especially poverty. Poverty was better addressed by John Galbraith (2010), Harvard economics professor and John F. Kennedy advisor, who had differing views on wealth distribution (pp. 405-415). Because Galbraith had a more compassionate view toward all people, he would likely criticize Carnegie’s ideas on distribution of wealth and modify Carnegie’s investments in the public sector. Galbraith’s overall view was also more true to the gospel than Carnegie’s views as expressed in “The Gospel of Wealth.”…

    • 1928 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Cited: Carnegie, Andrew. “Gospel of Wealth.” Hist 202 U.S.: A Narrative History Vol. 2 Ed. Jennifer Pickel. Boston: McGraw Hill, 2012: 13-14. Print.…

    • 921 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Carnegie has inspired women and men to use their funds to their communities. Although he advised other wealthy to use their money to benefit the communities and help in the preservation of the political system and America economy. I believe Mr. Carnegie’s argument is persuasive and is still relevant today. The wealthy, as well as small business owners, are the job creators in our society today. Their vision and leadership help to support the lower class in earning a decent living while allowing them to realize their own potential. The lower class today has more opportunities that were not available to them generations ago. While government is there to provide a safety net for those less fortunate, it is the wealthy and job creators that…

    • 128 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Gospel of Wealth: Carnegie’s philosophy that the millionaire had a duty to distribute wealth while still alive.…

    • 347 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Stewart Ewen Chosen People

    • 2043 Words
    • 6 Pages

    SMITH, ANTHONY L. "The Super-Rich: The Unjust World of Global Capitalism."ASEAN Economic Bulletin, 18.2 (2001): 237-239.…

    • 2043 Words
    • 6 Pages
    Better Essays
  • Good Essays

    In the gilded ages dating back to the nineteenth century both Andrew Carnegie and Henry George were known as very influential men of their time both striving towards the common goal of deflating poverty in hopes to diminish it as a whole. Though both Andrew and Henry shared a similar feat they had very different approaches and ideas of methodizing the overall goal. Carnegie was a shrewes businessman who viewed it to be acceptable for very rich and very poor people to co-exist as long as the rich provided that their surpluses aspired the community with parks or libraries for example to better themselves known as the "lasting good," and the rich would therefor better society rather than die rich men. On the other hand, George felt that is wasn't the fact that Americans weren't given enough that was causing poverty but rather the rate of poverty by the misuse of land for example that was the cause. Capital, a result of labor, and used then by labor to assist in further production has led to the misuse of resources as well. So basically George stated that if those who owned land used it's recourses to provide places for poverty stricken people povery in turn would diminish itself.…

    • 1209 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    tim blixseth essay

    • 467 Words
    • 2 Pages

    Tim Blixseth kept explaining to us how most rich people he know were cocky, arrogant, stuck up or flamboyant. Tim was nothing like that; he didn’t want people to judge him accordantly to the other rich people. He strongly hated the fact that most rich people are jerks and looked down toward the middle/lower class. Money does change people a lot. I feel like if you were born with money and everything given to you, than you would be a stuck up person. But if you worked hard for your money than you know where you can from and would be cared hearted toward the lower class. Money is the root of all evil. It gives the wealthy a since of more power, makes them believe they rule us. By thinking this way, we all are going to be in trouble if they can get any more power. I believe that not all wealthy people do not have this type of attitude but most are by the way they were raised. But I believe that if you are raise your children properly and teach them the correct morals of life, then you can be a great person with the wealth.…

    • 467 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Rags to Riches may seem like a myth because only a very few people can say that they rose from the bottom to the top. During the Industrial Revolution, America became an urban and industrial world. The world was ran majority by machinery, factories, and mass production and less agriculture. Unfortunately, industrialization often caused the poor working class to have a rough employment and living conditions, but the higher, richer class benefitted with improved living conditions. Irregularity was happening within the social lives, the employment, and the finances of the people. Andrew Carnegie Wealth and Its Uses 1907 provides a more accurate view of industrialization and its effects because the world during the Industrial Revolution could not…

    • 368 Words
    • 2 Pages
    Good Essays
  • Good Essays

    In the time period during the Gilded Age, late 18th century to early 19th century, America's industrial economy exploded, creating pioneering opportunities for individuals to erect substantial wealth. Industrial giants like Andrew Carnegie, Cornelius Vanderbilt, J.P. Morgan, and John D. Rockefeller transformed business and launched in the modern corporate economy, but also, at times, eliminated free-market economic competition through the use of monopolies. Overall national wealth increased significantly, but many saw the gap growing between the rich and the poor along with it. The disparity between the realities of the rich, big business tycoons and the poor, “The Other Half”, were substantial, while the similarities between them were very…

    • 906 Words
    • 4 Pages
    Good Essays
  • Good Essays

    For example, if you have died rich, you have done nothing but hoard your wealth and chances are that most of society would not think kindly of you, therefore being disgraced. On the other hand, if you “spread the wealth” by building a public institution, that could better the community as a whole. In addition to helping the community, you would know that your wealth would have a lasting contribution to the betterment of society and you would gain a positive image in the eyes of others. Having a system like this wouldn’t be depriving the wealthy from their rights, however, since “The laws of accumulation will be left free, the laws of distribution free” (Foner 30), according to Carnegie. That means that the wealthy could gain as much money as they can and could spend it however they wish, but there would be pressure on them to do what is morally right. Think about it—how can we expect to advance as a society by allowing the wealthy to “hoard” their wealth? If a group of people have possession of a vast majority of the wealth available and choose to keep it, nothing would change or get any better for those not a part of that top percentage. In order to survive as a society, there has to be a constant flow of wealth between citizens and the community. If not, the problem of wealth and poverty would only…

    • 470 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Andrew Carnegie said, “There are but three modes in which surplus wealth can be disposed of. It can be left to the families of the decedents; or it can be bequeathed for public purposes;…

    • 592 Words
    • 3 Pages
    Good Essays
  • Good Essays

    When we hear the phase Gilded Age, we tend to think of a period of rapid economic growth. This economic growth took place especially in the North and West, which lead to huge corruption throughout the country in various aspects. From managing industrial growth, to the lack of leadership in a political level; From overwhelming wealth of a select few, to tremendous poverty. The Gilded Age had everyone on their toes. combined with many tensions mixed with opinions on how to move the nation forward. In the following four articles,(….)…

    • 768 Words
    • 4 Pages
    Good Essays