Michael Murray 22 May 2014 The Gospel of Wealth: Andrew Carnegie Andrew Carnegie was an extremely successful businessman through the wealth he obtained with the railroad industry‚ but as a person felt that this fortune was better spent on socially beneficial projects‚ and his idea became known as “ The Gospel of Wealth." Carnegie’s main concern was how the wealth was administered throughout the country‚ responding with the notion that the rich and poor should bind together and benefit as one
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Twentieth Century. Because of Andrew Carnegie’s stand against harsh labor‚ expansion of the steel industry‚ and extreme generosity with ongoing philanthropic work‚ history will record him as the most influential person of the Twentieth Century. 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
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contract of that time. While there were not laws in effect at that time to say Rockefeller was behaving unethically it is obvious by the manner in which he managed to bankrupt and buy out competitors by tipping the market in his favor to arrive at the conclusion he did violate the social contract of his era. “These anticompetitive practices of rebates and predatory pricing forced competitors to sell their operations to Rockefeller‚ their only alternative to going out of business. It was if he was holding
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The owner is using the reasoning from Andrew Carnegie. Andrew Carnegie would agree with this because the economic success is most profitable for the business and this makes it inequality is good. The business will benefit from this decision by not giving a raise. Then it is okay to not give a raise to benefit the company. Inequality is essential to a business because it increases the standard of living. This inequality is beneficial in business because it has the goals of the business not the workers
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world‚ Andrew Carnegie‚ actually grew up with another family in one half of an attic‚ and him and his parents in another half. This attic was located above his father’s workplace in Dunfermline‚ Scotland. At the age of eight‚ he started his education in a one-room school packed with around 150 students. Driven by the Irish potato famine‚ his family left for the United states in 1848‚ searching for a better and safer life. In order to make ends meet his family needed $7.50 a week‚ so Carnegie took a job
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possessed by a “hero”. Andrew Carnegie was an industrialist who supported capitalism‚ and Social Darwinism‚ free enterprise and economic competition. He favored the idea that the most superior people in society naturally rise to the top. He was born in 1835 in the attic of a weaver’s cottage in Dunfermline‚ Scotland. Carnegie´s family faced poverty‚ which caused him to begin work at the age of 12 to contribute to his family’s responsibilities. Working 12 hours a day‚ Carnegie earned 1 dollar and 20 cents
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Born from nothing and made into something. Andrew Carnegie was one the of most famous business men in America. He was born in Scotland and was immigrated to America with his family. They lived in a small house in Pittsburgh and they had little money. In some ways he was a hero and in some ways he was not. A hero is someone who is admired for courage‚ outstanding achievements‚ or noble qualities. Carnegie was a hero because he was a philanthropist and was the reason that the United States became a
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There was a lot of famous people in the 19th century‚ either by what they did or money wise‚ or both. However Andrew Carnegie‚ John D. Rockefeller‚ and Cornelius Vanderbilt were very famous during this time in industry. Therefore‚ they were very important people with money. Andrew Carnegie was born on November 25‚ 1835‚ in Dunfermline‚ Scotland. In 1848 moved to America in search of better opportunities. His education ended when they moved to America. He soon found a job as a bobbin boy at a cotton
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John D. Rockefeller was not a Robber Baron because he did nothing wrong‚ he was a product of the Industrial era‚ and played by its rules to attain the greatest victory‚ absolute economic success Rockefeller‚ Robber Baron or Captain of Industry? John D. Rockefeller was the first billionaire in the United States. He owned Standard Oil Company‚ and was the main person to organize the oil industry. When he was young‚ the company he was working for at the time sent him to oil country. He checked
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Andrew Carnegie grew to be a powerful business man. He was self-made which means he started out with nothing then became successful on his own. Andrew was born in Scotland in the year of 1835 and grew up poor. He later started working as a bobbin boy but had little earnings at the age of 12. In 1872‚ he adopted the Bessemer Process and built a steel mill in Pittsburgh. As a result of his wealth‚ Carnegie gave away $350‚695‚653 which helped others. The philanthropy of Andrew Carnegie made him a known
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