Andrew Carnegie's The Gospel Of Wealth

855 Words4 Pages
The Gospel of Wealth Andrew Carnegie was a very successful businessman due to his industry involving railroad constructions and steel. However, as a heartfelt individual, he felt that his fortune and wealth should be better spent on social/ public projects. He envisioned that these projects would benefit the peoples’ well being. This notion became famously known as the “gospel of wealth”. In his statement, he argues that our problem was we did not “administer wealth.” In other words, people back then had issues with managing money. By that, money is not being out to good use in terms of for the people. Because of this epidemic problem, social classes started to emerge into two variant classes: the rich and the poor. Carnegie’s main worry was how the wealth would be managed throughout the land, responding with the idea that the rich and poor must come together as one again like the time before. Although Carnegie states that this radical change was “revolutionary,” he said this would be good for the people. He thought…show more content…
For instance, J.P. Morgan was known to create the first finance/ bank system. Because is this successful public project, it benefitted the people by allowing them to have their money and currency saved and safe. For another example, Cornelius Vanderbilt himself revolutionized and created the railroad construction industry. Because of his deeds and wealth, he built faster means of transportation for the benefits to everybody, rich or poor, white or black. Andrew Carnegie ended his declaration that it was the duty of wealthy to set an example of spending for his people in order for their knowledge and understanding to be bypassed onto the next generation and the next; hoping, we the people, will know the importance of the unity of
Open Document