The Carnegie family then purchased an estate, Skibo Castle, in Scotland. What followed was Carnegie's famous manuscript, a call to action for the wealthy men of his time — The Gospel of Wealth. This, Carnegie's third publication, came out in 1889. He had previously published Round the World, An American Four in Hand in Britain, and Triumphant Democracy. The Gospel of Wealth was the most influential of his writings, however, in that Carnegie stressed that the wealthy had a moral obligation to give to philanthropic causes and serve as stewards of society.
One of the main reasons why the Republicans overshadowed the Democrats was due to the financial support of big businesses. A major political figure of the Republicans, Mark Hanna, raised $16 million from big business’ to fund McKinley’s presidential campaign in 1896. An example of him raising money was when he raised $250,000 from Rockefeller, the founder of Standard Oil. From having this major financial aid, the Republicans were able to outspend the Democrats by 10:1 in the run up to the 1896 Presidential election on key factors such as advertising. Randolph Hearst was an American newspaper publisher who built the nation’s largest newspaper chain.
American Industrialist Andrew Carnegie was an extremely well known philanthropist. He made an immense fortune through his work within the steel industry. He believed in the idea of distribution of wealth. He supported his belief by giving away most of the fortune he had made over his years of work. Carnegie returned almost $300 million of his wealth to other people by establishing trust funds and making donations to other charitable organizations he supported.
A simple example of this is the concept of that evil, deceptive tax cut. That same party will tell you that the only way to make money from taxes is to raise them until every rich patron of this country is paying an arm and a leg just to stay alive. Not only does this punish the rich for being rich, it is a form of socialism though it's redistribution of money in an attempt to reward the idle for doing nothing, and punish the busy for endeavoring to make money. Doesn't make much sense does
Obsession to Destruction Duddy Kravitz grows up with the perception that money is the main goal in life. He makes it his objective to achieve this goal regardless of the consequences. He truly believes that money and land equals success and happiness. Duddy Kravitz, being born in a relatively poor family, strives to make more money than his father. On the other hand his uncle, Benjy, is relatively rich and this allows Duddy to understand the benefits of wealth.
They thought of the idea of taking over countries and placing trading posts everywhere to help get rid of this surplus (Document 2). It was also mentioned that “the U.S. will cover the seas with merchant ships” and “build a great navy based on the profits”. This allowed countries to become wealthy on trade and gain the power to colonize/take over other countries. One last cause of Imperialism in the 19th and 20th centuries were the social factors involved. For example, Cecil Rhodes stated that “we (the Britons) are the finest race in the world, and the more of the world we inhabit, the better it is for the human race” (Document 4).
Mellon was a multi-millionaire from Pittsburgh who had a lot of experience with economics. Mellon knew that a great economy is the result of great businesses and he therefore favored higher protective tariffs and lower taxes. As a result of Mellon’s influences, Harding signed the Budget Accounting Act in 1921 which improved the budgeting procedures of the federal government. This effectively put more control over the economy in the hands of the government, which was the right thing to do at that time period. In 1922, the Harding administration passed the Fordney-McCumber Act which helped the president determine differences in production costs on an international level.
The American Dream In the article Inequality and the American Dream published in the Economist, the author Paul Krugman proposes to solve the disparity in our economic system by increasing taxes on the wealthy. The real reason for this disparity is because of our economic system. Our government is based on capitalism that allows economic freedom in doing business without government control. The American dream shells from this system that promises personal gain and prosperity to those who work hard. This is encouraged further by our selfish human nature to have great things for ourselves.
Carnegie seen that the rich becoming more rich will help the economy prosper and become better. The political machines saw the immigrants were not getting the basic needs of life; they helped with what they could. Upton Sinclair wrote the jungle that exploited the food production, this caused laws to be created when the world learn what they are. Along with change in food production there was change in beliefs. People believed in Social Gospel or Social Darwinism.
They also thought that having a large empire would help to make them richer and more militarily powerful .People were greedy to get their hands on the colony for the sake of the money they can get. The idea of imperialism started after the Industrial Revolution. Many countries seen the new inventions and thought that they needed it to make their lives easier. So they gathered all the raw materials they can get and make those inventions to benefit them at their life. The other countries began to start feel jealous, so they did the same.