The best means of benefitting the community is to place within its reach the
The best means of benefitting the community is to place within its reach the
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.…
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.…
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…
“You cannot push anyone up a ladder unless he is willing to climb a little”. Andrew Carnegie was believed to be a captain of industries. Carnegie grew up to be the wealthiest business men in America. Andrew Carnegie is and always will be a captain of industry.…
He was a ‘hero’ in the sense that he gave away most of his money to establish many libraries, schools, and universities in America, the UK and other countries, as well as establish a pension fund for former employees.Carnegie felt that money is like manure, i.e., it does no good unless you spread it around. Aside from his well-known steel business that he sold to J.P. Morgan who formed US Steel, the philanthropic qualities of the man are most remembered. As Andrew Carnegie himself said on the subject of wealth: “Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.”,“There is no class so pitiably wretched as that which possesses money and nothing else.”“I resolved to stop accumulating and begin the infinitely more serious and difficult task of wise distribution.”…
Andrew Carnegie wasn't just a supporter of the Gospel of Wealth, he wrote the Gospel of wealth. He stressed that charity should not be giving money to individuals, but using the money yourself to make a difference. One must grow his industry, not flagrantly give money to individuals.…
Thesis: In Andrew Carnegie, failures, such celebrating industrial power, but also integrity, of giving his money away can be seen of the Gilded Age America.…
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…
However, this was not the case because much of what the owners of these industries made went straight back out into the community. Andrew Carnegie, probably one of the most philanthropic people of his time, provided the nation with numerous libraries, cultural centers and universities. He even continued his philanthropy by encouraging all other wealthy people to do the same. As displayed in Document E, Carnegie published The Gospel of Wealth, which addressed those who have much wealth, to be charitable with their money and administer it to the community. Others quickly adopted his theory. Vanderbilt and Rockefeller especially contributed as well with many new universities. With the addition of these libraries and universities, knowledge and the chance to improve the nation's industry was more readily available. Also, towns that did not have libraries before had access to them now and they had the ability to enjoy leisure time. This allowed many Americans to greater access to improve literacy as well as to become more educated in other areas. All of these things benefited society by enhancing its educational culture. Even the ballets and operas, that people like Carnegie had founded, added to the newly found culture of the nation. The philanthropy of the Captains of Industry greatly influenced and aided the nation as a…
Andrew Carnegie was truly a self made Millionaire. Through hard work and smart investment Carnegie built one of the largest companies of the time and shaped the history of the United States. Carnegie not only amassed his wealth for his own benefit but used it to help others learn and advance themselves. With the help of Carnegie an estimated 2,800 libraries were opened. He was not only a businessman but a good person on top…
Andrew Carnegie greatly impacted the Gilded Age with the steel industry. During this time, he was making a lot of money. As he would make more and more money, he would remember the times when he was less…
These men are Captains of Industry, because they have helped our society by donating lots of their money to different charities and organizations. For Carnegie, he has,“Donated more than $350 million to further public education, build over 2,500 libraries.” (Website) Now that people can get a better education, they can get a better job and then support their family. Plus, poor people can check out books and get a free education, because there are more libraries. That way, they can get a job, support their families, and not be as poor. Carnegie also, “Created the Carnegie Corporation of New York, endowing it with $125 million to support benefactions after his death.” This means that people can now have extra money to be given to organizations…
Carnegie is most widely known for his monopolization of the steel industry. He developed numerous companies to support the need for steel in the developing United States. He foresaw that following the Civil War steel was going to be an important part of American life. He decided that it would be a smart idea to invest in the developing industry and that decision paid off enormously. (Amer. Exp.) He worked to modernize the United States through the building of bridges, railroads, and other vital roadways, which in turn brought the country together. By 1900, Carnegie Steel Juggernaut produced more steel, than all of Great Britain.…
Rising from rags to riches gaining a lot of power and making immense amounts of money was the successful story and life of Andrew Carnegie. Born on November 25th, 1835 in Dunfermline, Scotland , Andrew Carnegie was born into poor family of a mother who was a shoe maker and tanner and a father who was a handloom weaver . Immigrating to the United States in the May of 1848 , Andrew Carnegie started a whole new life there. “The Carnegies’ passage was relatively uneventful and mercifully short—there seems to have been no ship fever, cholera, or typhus… on board.” When reaching to the United States growing up in near Pittsburgh, and later on working in the Pennsylvania Railroad company in his later years is where the great rise of money and power…
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.…