Analysis Of The Gospel Of Wealth By Andrew Carnegie

The Gospel of Wealth is an essay that was written by Andrew Carnegie in 1889. This is an essay where Carnegie believes that the richer people must look out for their own pocketbook including the poor people. He states in his essay that “business owners were ‘essential for the progress of the race’, while labor was a cog in the wheel of social and material advancement” (Robber Baron Turned Robin Hood). What Carnegie means is that we need more business owners than laborers because business owners will bring in a lot more money and better goods for the communities and economy. He also says that the people who had more money than most people need to spend some of their money as well to keep “noble aims” (RBTRB). He means that if the rich do not spend their money like everyone else does then we will not see very many people living like the rich or close to the rich. We will see more people in poverty and distress.

This “Gospel of Wealth” promoted the Social Darwinism theory in ways of contrasting the wealthy versus the poor. It is thought of as ‘with great wealth comes great responsibility’ because the people with more money need to give back more money through taxes to keep the economic system in order. The idea of wealth among the few was the regular and most productive

aftereffect of free enterprise. What Carnegie wanted people to take the most from his essay was that the individuals who profited for themselves must utilize it to advance the headway of society. Kind of like the Robin Hood effect where he steals from the rich and gives to the poor.
Carnegie’s essay affected many people especially in the society of the late 19th century and early 20th century by ways of binding the rich and the poor people together by what Carnegie said in his essay.

He brought up four good points; he said that people should help the individuals who will help themselves, locked in to move forward. Those deserving of help normally needed support, the truly significant men of the race never do except when in mischance or sudden change. The measure of help one provides for another relies on what they need to put into the situation and association, they are careful, and on edge to not help the unworthy; more damage would be done than suffering

self-restriant.
In today’s society the “Gospel of Wealth” is the perspective of wealth as remembering or recalling one who has many riches. It is also a powerful urge to protect it as a characteristic by the result of a Darwinian aggressive framework driven by independence, human drive, and resourcefulness that tends not to grow in today’s society. We need to update Carnegie’s Gospel of Wealth into a more We should consider the motivation behind capital in a prosperous, strong, and associated money framework. This must begin in the cognizance of people, before it can rise above establishments of government and business. Guided by the said standards, maybe the independence, drive, and creativity which Carnegie used to produce riches, can now be swung to recover wellbeing – social, environmental, and monetary.