Preview

Andrew Carnegie And Bill Gates Essay

Better Essays
Open Document
Open Document
1433 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Andrew Carnegie And Bill Gates Essay
Andrew Carnegie and Bill Gates: both incredibly rich, incredibly generous (or so it appears) men from two differing time periods.Both men were self-made and owed their wealth to much hard work, and both were distinguished figures during their times. Furthermore, both utilized their wealth to perpetuate meaningful social change rather than reforming society altogether. Despite the similarities they share, the two men originated from relatively different backgrounds and did their benefacting through different methods. Renowned Progressive Era thinker and wealthy capitalist Andrew Carnegie did not always live so lavishly. Originally from a poor Scottish family, Carnegie learned early on from his parents the virtue of frugality and the significance of equality amongst the working class and the wealthy.The family eventually relocated to Pittsburgh …show more content…
For example, it was Carnegie’s belief that the wealthy should give back to society, and so he did. He stated in an essay, “Wealth,” that the responsibility of the wealthy man is to distribute his wealth for the benefit of the community. He strove to improve society by providing facilities such as “...parks, and means of recreation, by which men are helped in body and minds; works of art... and public institutions of various kinds, which will improve the general condition of the people,” (Pearson).Among these public institutions were schools and libraries; in fact, Carnegie’s funds helped found over 2800 libraries (). Carnegie felt that the true “Gospel of Wealth” was defined as “administering it [wealth] for the community far better than it could or would have done for itself.” That said, Andrew Carnegie was an altruistic man and used his riches not for “display or extravagance,” but rather to give back to society in the form of public facilities for people to cultivate better conditions for

You May Also Find These Documents Helpful

  • Satisfactory Essays

    John D. Rockefeller an oil tycoon and an investment mogul, he invented a new type of fuel for lamps called kerosene, formed an oil company called Rockefeller and Andrews, and his way of making profits was reinvesting the money he made back to the company. Later, Rockefeller formed a company called Standard Oil, the company quickly successful because he was in a good economic conditions and keeping margins high. He bought out all of his competitors, and he would make improvements, more efficient and profitable. He was a philanthropist in his later life. He donated his money into education, medicine, and the arts. In this way, he changed the public’s view big businesses and their leader.…

    • 116 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Andrew Carnegie, steel tycoon and extraordinaire yet he born as the son of a poor handloom weaver. Had it not been for the free enterprise system he would been unable to gain the opportunities which allowed him to become one of the greatest businessmen in America.…

    • 411 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    1. How did Carnegie justify the accumulation of wealth? Carnegie believed that people were born with certain attributes that would lead them to be successful in their lifetime. He also mentioned the idea that we as human beings should accept the conditions that are placed in front of us and work around them to achieve the impossible.…

    • 287 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
  • Good Essays

    He created a stronger type of steel that was not only the most effective, but the most efficient as well. Andrew Carnegie also had a strategy of his own. He believed that the only way to become a great businessman was to control monopolies and control the step of the process in materials. Carnegie definitely had a different side to him. He was a cruel businessman to his workers and a very kind philanthropist. He would poorly pay his workers, as well as leave them poorly housed. Carnegie was really never close to his workers and the wages that they had were very low compared to other steel industries. Nevertheless, he believed that "the man who dies rich, dies disgraced and a rich man should use his money for the benefit of others" (Youngs 33.) In Carnegies older years, he devoted himself entirely to his philanthropist's beliefs' after he sold his business. Carnegie built libraries around the world, but focused especially on the United States. He opened up galleries, museums, music halls, and technical schools. He also encouraged research and higher learning to others. Carnegie also established a donation to permanently seek an end to war. His donations totaled about 350 million…

    • 472 Words
    • 2 Pages
    Good Essays
  • Good Essays

    People were given places to stay and freedom from supression, freedom from their overbearing government's. At first there were plenty of German and Scandinavian immigrants, however, the Gilded Age saw newcomers including Italians, Baltic, Slavic, and Chinese people. They were able to hope that they too could be a captain or at least be of assistance to their families and get that American Dream Carnegie, Rockefeller, J.P. Morgan, and Vanderbilt had. Andrew Carnegie’s, Gospel of Wealth, in 1889 concluded that it would be immoral for the men to hoard riches to themselves Furthermore recalling that, “his judgement, is best calculated to produced the most beneficial results for the community” (Document C). Carnegie was capable of placing his money where his mouth was and donated a total of $350 million. If he was really such a vile, corrupt, shrewd being he would not have made any contribution to society. The world's richest man used his money he accumulated in an exemplary way, to assist the growth for knowledge by donating to universities, and public…

    • 1694 Words
    • 7 Pages
    Good Essays
  • Good Essays

    If I was poor at the time of the Industrialization and had to work long hours for a little amount of money, I would take Carnegie as an unethical man. However, times have changed, and it would be wrong to say that his point of view was unethical. Andrew was a clever man. The fact that he was a self-taught man, poor and immigrant makes his views credible because he has been on both sides. Just like the coal miner aspires for being better in his job, Carnegie once did the same. Ethically speaking, Carnegie, as far as history has provided for us, never did something that would harm others. First, his view on the survival of the fittest is not unethical, is just his point of view, and at a certain point, it is true. Only the smartest ones survive or persevere. If everyone had the best traits for survival, then there would be no competition. Additionally, the idea that the poor now enjoy what the rich never had at a time is not unethical. It promotes the idea of comfort yourself with what you have because at a time those things were not within anyone’s reach. However, now these luxuries are available, and the people should aspire to have more. Another point to restate is to help those who help themselves, this is also ethical. He talks about a social responsibility to improve society which is no way a harm to anyone. To sum up, Carnegie’s views can be considered…

    • 1017 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The “Gospel of Wealth” was written by Andrew Carnegie during the Gilded Age and Progressive Era. He was born in Scotland and immigrated to the United States in 1848. Carnegie had very little of a formal education but grew up in a family that believed in the importance of books and learning. Jumping from job to job, he became one of the wealthiest businessman in America. Achieving this by investing and buying stocks in promising ventures like iron mills and factories. Finally founding his own company known as the Carnegie Steel Company and revolutionizing the steel industry, he embodied the American Dream.…

    • 313 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Carnegie Letter

    • 6687 Words
    • 27 Pages

    Carnegie and Gates Andrew Carnegie and Bill Gates, Philanthropists of Public Libraries in the United States Introduction A century separates Andrew Carnegie and Bill Gates as two of the wealthiest men of their eras. Carnegie was one of the founders of the modern industrial age through the steel…

    • 6687 Words
    • 27 Pages
    Powerful Essays
  • Good Essays

    Life Andrew Carnegie

    • 323 Words
    • 2 Pages

    Andrew Carnegie was a man with a strong outlook on how the wealthy should utilize their abundant amounts of cash. Although there were many other ways to dispose of the surplus of cash from the wealthy he favored mainly one. He believed that if the wealthy people in America would spend money through out their life on not only themselves but to also help the communities and charities, that they would become more respected through their life and also help America’s economy stay strong There were also a few different ways that people choose to pass on their money, one of which the wealthy would leave the surplus of money, once they deceased, to a loved one through a will. Carnegie’s outlook on this was not agreeable mainly because he believed that the person that would inherit the money would utilize it in the wrong ways and would not be grateful for what their loved one that left it to them did to gain it in the first place. Another way the wealthy would pass on their money would be to leave it to a charity after the passed away. Once again Carnegie did not agree to this method as well. He believed that it was a better way to pass on the surplus of cash, but not the best. He believed that the person that donated the money after they passed should have been donating the money all through out their life, and by not doing so makes it seem like he wanted to be buried with it. Carnegie believed his method of utilizing the wealth through out life was the better path, because not only would the rich man be helping the community through out their lives but also once they pass away. The rich man would also become very respected and popular while utilizing Carnegie’s method, and in the end very famous usually leading to some sort of…

    • 323 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Andrew Carnegie was born on November 25, 1835. He began his career around 1870. During 1872 Carnegie traveled to London and was introduced to the new Bessemer methods of producing steel. he soon returned to the United States to create a million dollar steel plant. by 1800 Carnegie started to produce 10,000 tons of steel a month. He accumulated $1 1/2 million a year in profit. By the 1900 he was making $40 million a year (Robber Barons and Rebels.) Carnegie was also known by being the author of “The Gospel of Wealth.” J. Pierpont Morgan was born on April 17, 1837. He is known for being a philanthropist and art collector(JP Morgan and Carnegie Corporation website.)…

    • 393 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Also take note of Huyen Trang, an examplary Vietnamese philanthropist mentioned in a local newspaper last year. She was not a successful entrepreneur or inherited a fortune from anyone. In fact, she was only a nurse, who was working in an Homeless Handicapped Children Camp. Due to the lack of financial aid and volunteers, the Camp was on the verge of closing. Nevertheless, Trang was the only one who resisted. For three months, she contributed her own money to the Camp and stayed there to take care of nearly fifty unfortunate lives before the Camp’s story reached other wealthy philanthropists. In the end, Trang said to the reporters; seeing these poor creatures, she was so grateful to have a complete body and a happy family. This appreciation was the motivation for her deed.…

    • 377 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Bill Gates

    • 775 Words
    • 3 Pages

    In his article, ‘What should a Billionaire give?’ writer Peter Singer talked about unequal distribution of wealth between the rich and the poor. He talked about the values of life between rich and poor people. Since all men are created equal, the rich should always help the poor to balance the huge difference of wealth between the two classes. To most wealthy people, it’s always about making more money. Some wealthy people, on the other hand, actually give away a ridiculous sum of money to help people in need. Bill gates, the co-founder of Microsoft, is one of the few billionaires who realized that he had an obligation to give more of his wealth to charity. In 2000, with the help of his wife Melinda Gates, combined several family foundations to form the Bill and Melinda Gates Foundation (B&MGF). The important goals of the B&MGF are, enhancing healthcare globally, reducing extreme poverty and expanding educational opportunities and access to information technology.…

    • 775 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Steve Jobs Essay

    • 1311 Words
    • 6 Pages

    Jhonsa, Eric. "Can Steve Jobs Learn From Henry Ford 's Mistake? - Business - Motley Fool - Msnbc.com." Breaking News, Weather, Business, Health, Entertainment, Sports, Politics, Travel, Science, Technology, Local, US & World News - Msnbc.com. Web. 2 Feb. 2011. <http://www.msnbc.msn.com/id/41548296/ns/business-motley_fool/>.…

    • 1311 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    job or social life

    • 468 Words
    • 2 Pages

    In addition ,the satisfaction achieved from social life is sometimes superficial .However, we can realize our self value and social value in our work, which is more substantial. For instance, when it comes to men like J.D.Rockefeller, charity work reaches new levels of generosity and commitment. Well-known for establishing the Chicago University while also contributing to many other causes, Rockefeller was not only a entrepreneur but also a philanthropist . When Chicago University became a world-class institution, he said to the public that it was the most successful investment he had ever made. Of course, It was his hard work enabled him to do such great thing.…

    • 468 Words
    • 2 Pages
    Satisfactory Essays