Andrew Carnegie, a late 19th century steel magnate, was immensely successful during the Gilded Age. He kept wages low while eliminating competition, so that workers had no choice but to stay in Carnegie’s company. The Gilded Age is so called because the top appeared to be gold (i.e. the richest people were doing extremely well) but on the inside there were insurmountable wealth inequalities (I.e the rich succeeded at the expense of the rest of the nation). Andrew Carnegie was a large causer of wealth inequality . In his “Gospel of Wealth” he justifies the trend by stating that in an ideal world the rich would give to the poor, but unfortunately our world is impossible. Carnegie clearly has a conflict of interest here, and he chose wealth over
During the late 1800s there was a time period called the “Gilded Age”. The Gilded Age is a time period the economy was struggling along with the people of the era. Andrew Carnegie, John D. Rockefeller, and Thomas Edison were some examples of successful business owners and Robber Barons of that time. Robber Barons were the people who stole money from the public along with natural resources such as soil, land, etc. These men were supposed to be great leaders, but instead they enforce horrible working conditions.
Andrew Carnegie and Samuel Gomper have different takes when it comes to the role that wealthy people should have in society. The two authors have opposed feelings toward the poor people being in the state of condition that they are in. Although their views are different what they are proposing in both documents can help the poor people. Carnegie’s The Gospel of Wealth focus more on what the wealthy people should do with their wealth to benefit the society.
Carnegie stated that it is “much better this great irregularity than universal squalor” (Andrew Carnegie, “Wealth”). I believe that Carnegie contradicts himself with this statement, and I feel that it could be considered to create an ethical situation. Through his works he emphasizes the importance of sharing wealth for the greater good of society and to bridge the gap between the classes, but yet this statement seems to say that only a few are chosen to be wealthy while the rest of society is not. It in some ways undercuts the capabilities of the lower class. The giants of industrialism made their fortunes because of the labor of those worked for them.
The industrial revolution was picking up steam, and these men mastered novel business tactics to triumph. The systems that had kept people in poverty were beginning to deteriorate: those born poor could now achieve wealth using hard work, skill and dedication. The business men of the gilded age devoted themselves to their industry as if it were their religion, routinely living a life strongly
”(week 2, day 2) As a result, wealthy industrialists like Carnegie were able to buy and pay for a large number of politicians and officials. Andrew Carnegie's successes are reflected by the Gilded Age, even with the exception that the Gilded age was full of social and economic inequality and
“The man who dies thus rich dies disgraced.” This original quote by Andrew Carnegie speaks volumes all across the United States and its economy. His whole life’s work is being expressed in just a handful of words. The way he lives his life is what makes him a unique wealthy individual. Andrew Carnegie was the first to give new meaning to being wealthy.
He believed that if the wealthy don't give back some of their profits to the community, they are living a dishonorable life, and although I didn't necessarily agree with this radical viewpoint at first, I now am a firm believer in Carnegie's argument about wealth.
Andrew Carnegie makes it clear that people in society with wealth should help those who deserve the financial help. If those in need of help put in their effort, then why shouldn’t they be helped by those who don’t need it? In the Life of the Average Coal Miner, the harsh conditions that children faced is revealed. Children would work for hours in a crucial and dangerous environment and be rewarded with very little money that did not equal to the amount of work they put in. It is unfair to those who worked in the conditions in the Life of the Average Coal Miner.
Andrew Carnegie was a “robber baron” as shown in the way he acted towards the people who helped him reach the top and the terrible working environment that he subjected his workers to. He did various things in an attempt at overshadowing the awful things he did and positively alter his public image. His mentor, Thomas Scott, taught him the skills he would use to become the undisputed king of steel. Costs were the most important aspect of any business and reducing those required cutting wages, demanding 13 hour days and utilizing spies as a way to thwart possible strikes. Many years after Carnegie had gone out on his own, Scott met with him thinking that the years they spent together and all he had taught him would unquestionably result in help in his time of trouble.
During the late 19th century, there was a growth in industrialization. This brought new opportunities for the poor and the rich. For example, Carnegie helped build the steel industry in Pittsburgh Pennsylvania, which made him one of the richest man in the world. As Carnegie gained more wealth, he questioned who money should be given to. Carnegie was both a Robber Baron and a Captain of Industry.
In a study conducted in 2013 by The Economic Policy Institute, a financial think-tank devoted to analysing the ebbs and flows of the national economy, it was documented that while the average Massachusetts one-percenter grossed an annual household income of $1,692,079, the average ninety-nine percenter grossed a household income of only $56,115 which leaves us with a vast wealth gap of $1,639,964. It also states that the cumulative one-percent takes home nearly a quarter of all the income in the state. This is a perfect example of what it means to be gilded because although Massachusetts prides itself on its economic success, it’s evident that while the ninety-nine percent are becoming poorer, the one-percent are getting richer. This type of income inequality has existed in America for a very long span of time and was one of the main reasons that the first “Gilded Age” was considered “gilded” in the first place, according to the PBS.org’s “Andrew Carnegie: Rags to Riches timeline” Andrew Carnegie, one of the poster boys of the “golden” aspects of the “gilded age” due to his rise from immense poverty to extraordinary wealth, grossed in a grand total of nearly $25,000,000 in 1890 while the average public school teacher earned $256. This just further proves that we’re living in modern gilded age because although we 've improved the state of income inequality since the first gilded age, it’s still a big problem that affects us on a global
In Carnegie’s “The Gospel of Wealth,” he argues that the affluent have a unique responsibility to help others by aiding the lower class. He does not, however, promote simply handing money to the poor. In a way, the wealthy should act paternally. He believes that it is the responsibility of the wealthy to provide
During the Industrial Revolution big businesses took places of small workshops, increasing to quantity but not quality. This made many people lose their jobs, and now there was only one place to work the factories. Ahead of these factories were big business owners, some born into money others worked their way up to it like Andrew Carnegie. Work at these factories became unsafe and the pay was bad, they could only blame one person and that was the owners.
Underpinnings and Effectiveness of Carnegie’s “Gospel of Wealth” In Andrew Carnegie’s “Gospel of Wealth”, Carnegie proposed a system of which he thought was best to dispose of “surplus wealth” through progress of the nation. Carnegie wanted to create opportunities for people “lift themselves up” rather than directly give money to these people. This was because he considered that giving money to these people would be “improper spending”.
One of the many Gospel of Wealth advocates was Andrew Carnegie, 1835-1919, who was an industrialist who emigrated from Scotland to American in 1848 (Wall, ANBO). Carnegie’s “Wealth” written in 1889