Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Andrew carnegie: “wealth” analysis
Andrew carnegie: “wealth” analysis
Andrew carnegie: “wealth” analysis
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Andrew carnegie: “wealth” analysis
Wealth is something that all mankind wish to obtain in great amounts. Wealth has been aspired since the Gilded Age and has not yet failed to continue being the number one concept on an individual's minds. Not all, in fact very few reach the ladders of wealth in which one can live in ultimate comfort. Many are left to live in ghastly situations and life styles of living. Is it more beneficial to live in a world of two classes the rich and the poor or in a world where the wealth is spread amongst mankind? A man named Andrew Carnegie, which of whom had great wealth and power, explains his idea of the gospel of wealth as it pertains to the system of competition and survival of the fittest and its advantages and disadvantages towards this country.
In order to obtain wealth, there is a need for competition between the people. Carnegie believed that with competition comes growth and progress to our nation and slowly but surely prosperity. The other essential advantage would be the progress of the human race as individuals. The disadvantage would be that few are always going to live in excellent conditions while others do not necessarily. Competition is in every human's genes
…show more content…
The law of competition brings the best out of people to strive for greatness and contribute to not only the economy, but to themselves. Wealth is only achieved through great knowledge and proving oneself to be the best in any given situation or their respective career field. Knowledge is the ultimate factor pertaining to the law of competition and it is for an individual's best interest to obtain great knowledge. According to Carnegie a disadvantage under the law of competition is that there will always be friction between a boss and the employee’s, capital and labor. Also, human society loses its ability to be in a homogeneous
Carnegie understands the flaws with the law of competition, stating that their is often friction between the rich and the poor. He acknowledges that the law may be hard for individuals, but in the long run it will benefit the race. He continues that the competition of industrial and commercial are more than beneficial but will allow progress of society. He suggests that the wealthy can use their wisdom and experience and help set an example for those without guidance. Carnegie endorses the wealthy allow their surplus of wealth to be given to improve their community. He states that the riches passing through the hands of a few can be more beneficial than if the wealth distributed and was given directly to the
Andrew Carnegie, was a strong-minded man who believed in equal distribution and different forms to manage wealth. One of the methods he suggested was to tax revenues to help out the public. He believed in successors enriching society by paying taxes and death taxes. Carnegie’s view did not surprise me because it was the only form people could not unequally distribute their wealth amongst the public, and the mediocre American economy. Therefore, taxations would lead to many more advances in the American economy and for public purposes.
At this time, Vanderbilt had emerged as a top leader in the railroad industry during the 19th century and eventually became the richest man in America. Vanderbilt is making it abundantly clear to Americans that his only objective is to acquire as much wealth as possible even if it is at the expense of every day citizens. Another man who echoed such sentiments is Andrew Carnegie. In an excerpt from the North American Review, Carnegie takes Vanderbilt’s ideas even further and advocates for the concentration of business and wealth into the hands of a few (Document 3). Carnegie suggests that such a separation between the rich and the poor “insures survival of the fittest in every department” and encourages competition, thus, benefiting society as a whole. Carnegie, a steel tycoon and one of the wealthiest businessmen to date, continuously voiced his approval of an ideology known as Social Darwinism which essentially models the “survival of the fittest” sentiment expressed by Carnegie and others. In essence, he believed in widening inequalities in society for the sole purpose of placing power in the hands of only the most wealthy and most
On the other hand, Carnegie understands that there exists inequality, but he believes that the superior can cooperate with the inferior to gain equality. In fact, it the document he clarifies, “There remains…only one mode of using great fortunes…in this we have the true antidote for the temporary unequal distribution of wealth, the reconciliation of the rich and the poor−a reign of harmony” (Carnegie, 54). Carnegie does not particularly consider inequality a problem. He understands that in order for wealthy to facilitate the lives of the poor, there must be inequality to establish status, but he also discerns that by helping the poor they are given a chance to reach equality. In fact, Carnegie says, “Individualism will
Andrew Carnegie, the “King of Steel”, the benevolent employer, the giant of industry, was among the greatest influences of the second industrial revolution. It is sometimes questioned whether Carnegie was the ruthless, sneaky steel tyrant some made him out to be, or the generous, benevolent education benefactor he appeared to be. I believe him to be a combination of both, but more so the great giant of industry.
Carnegie’s essay contains explanations of three common methods by which wealth is distributed and his own opinions on the effects of each. After reading the entire essay, readers can see his overall appeals to logos; having wealth does not make anyone rich, but using that wealth for the greater good does. He does not force his opinions onto the reader, but is effectively convincing of why his beliefs make sense. Andrew Carnegie’s simple explanations intertwined with small, but powerful appeals to ethos and pathos become incorporated into his overall appeal to logos in his definition of what it means for one to truly be rich.
However, in "The Gospel of Wealth a person like Jurgis is scoffed at. He implies that anyone can climb out of poverty. He makes it seem like there are no faults with the capitalist system and everything is wrong with the socialist system. With both authors exaggerating their claims, the truth lies somewhere in between. Thus, a society that accentuates both systems strengths and minimizes its failures will be a prosperous
Document M gives us quotes from Andrew Carnegie’s, “Wealth” in the North American Review, June 1889. He states that he wanted more than just the wealthy to prosper: “The man who dies rich is a disgrace.” He was one of those men who would leave their wealth for public use on his deathbed. He never spent too much of his money because he wanted to “set an example of modest... living…; and… to consider all surplus revenues… as trust funds;” he’s a little bit of a hypocrite. Carnegie’s ideas are criticised for the mistakes along the way, but when his ideas came to be, they made big impacts all around the
Andrew Carnegie was born in Dunfermline, Scotland in 1835. His father, Will, was a weaver and a follower of Chartism, a popular movement of the British working class that called for the masses to vote and to run for Parliament in order to help improve conditions for workers. The exposure to such political beliefs and his family's poverty made a lasting impression on young Andrew and played a significant role in his life after his family immigrated to the United States in 1848. Andrew Carnegie amassed wealth in the steel industry after immigrating from Scotland as a boy. He came from a poor family and had little formal education.
Carnegie, Andrew. The Gospel of Wealth. 391st ed. Vol. 148. N.p.: North American Review, 1889. Print.
Carnegie did not believe in spending his money on frivolous things, instead he gave most of his fortune back to special projects that helped the public, such as libraries, schools and recreation. Carnegie believes that industries have helped both the rich and the poor. He supports Social Darwinism. The talented and smart businessmen rose to the top. He acknowledges the large gap between the rich and the poor and offers a solution. In Gospel of Wealth by Andrew Carnegie, he states, “the man of wealth thus becoming the mere agent and trustee for his poorer brethren, bringing to their service his superior wisdom, experience and ability to administer, doing for them better than they would or could do for themselves” (25). He believes the rich should not spend money foolishly or pass it down to their sons, but they should put it back into society. They should provide supervised opportunities for the poor to improve themselves. The rich man should know “the best means of benefiting the community is to place within its reach the ladders upon which the aspiring can rise- free libraries, parks, and means of recreation, by which men are helped in body and mind” (Carnegie p. 28). Also, Carnegie does not agree they should turn to Communism to redistribute wealth. Individuals should have the right to their earnings. Corporations should be allowed to act as it please with little to no government
Carnegie states, “Under the law of competition, the employer of thousands is forced into the strictest economies, among which the rates paid to labor figure prominently, and often there is friction between employer and the employed, between capital and labor, between rich and poor” (393). It is this competitive nature which allows the hardest working individuals to rise above their peers, create personal wealth and continue to accumulate wealth. Competition is a beneficial to capitalism. A company can produce an item and sell the
Andrew Carnegie believes in a system based on principles and responsibility. The system is Individualism and when everyone strives towards the same goals the system is fair and prosperous. Carnegie’s essay is his attempt to show people a way to reach an accommodation between individualism and fairness. This system can only work if everyone knows and participates in his or her responsibilities. I will discuss Carnegie’s thesis, his arguments and the possible results of his goals.
Although it has been said that money is the root of all evil, many people actually believe that they would be happier if they were wealthier. Could this be correct? This essay will support the thesis that not only does the pursuit of wealth not lead to happiness; it may actually make us unhappy.
Money is an essential part of life where every people can satisfy whatever they need and every person in America has a chance to find a job. However, some of the people in the country wanted to go on with their life freely by being a part of a welfare. Furthermore, distribution of wealth is a huge demand of every citizen. Everyone today is trying to look down for every people in the lower class, as they did not give any benefit to the country, waiting for the benefits that they will receive from the government. For instance, when most lower class people have gone through a financial crisis due to overspending, insufficient fund or pay for their work to support themselves and/or their family. The example shows that lower class people made the economy of the country unstable, however, the middle class and the higher class is at fault as well. Furthermore, even though the benefit of that the lower class received is from the middle class, the middle class as well benefits from the higher class. To sum up, every class is at fault towards giving the country’s economy a positive