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Andrew Carnegie’s essay, Wealth
Andrew Carnegie’s essay, Wealth
Gilded age political economic social
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Speaking of where that money, in document #10 we see a small cartoon post from The Saturday Globe, Utica, New York, July 9, 1892. At the bottom it conveys, “Forty Millionaire Carnegie in his Great Double Role” With this message, it displays Carnegie both giving away a Library to Pittsburgh and money to Scotland, and cutting wages from workers. This drawing signifies what he does with the money rather than paying his workers with that money. Looking at wages in document #7 helps to see how much a worker are paid in a chart, even though iron and steel workers look like they have decent wages(daily hrs. 10.67, daily wages 1.81), it was to many unfair wages. Compare this to Carnegie’s daily “wage” was ninety two grand! Confirming wages are unfair.
O’Donnell who was with his company for eleven years, would lose their jobs to a machine who could do the job quicker or to a worker who would work for a lower wage, like young boys or immigrants. O’Donnell described how men would gather to be picked for work in the mill and the men with young boys to serve as “back-boys” always got picked first because they could do the work faster and the young boys worked for $.30 or $.40 a day as opposed to the $1.50 O’Donnell usual took home for a day’s work. He also described how it didn’t take a skilled worker like himself to operate the new ring-spinners that expedited the cotton spinning process. But skilled workers and laborers weren’t the only ones who were “under the plating” of the Gilded Age. In Document 19-2, women described the struggles of working as domestic servants. Many women went to work during the late 19th century to help out their families in this time of financial anguish. Many took up jobs as domestic
Morgan, Rockefeller and Carnegie were all robber barons. They all showed that they were robber barons because they were all cruel and ruthless. John d. Rockefeller was a cruel and inhuman person to his worker. He treated his workers like slaves, low pay, long working hours and he disliked union activity from anyone. Andrew Carnegie another ruthless person that would stop at nothing to win. He would compete against others and fiercely try to squash the opponents. He was a very possessive and control person.Morgan mount govern one of the less cruel and ruthless of the two powerful businessmen. Morgan criticized for creating monopolies by making it difficult for any business to compete against his own. These three business man all have done bad
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.
In the documents titled, William Graham Sumner on Social Darwinism and Andrew Carnegie Explains the Gospel of Wealth, Sumner and Carnegie both analyze their perspective on the idea on “social darwinism.” To begin with, both documents argue differently about wealth, poverty and their consequences. Sumner is a supporter of social darwinism. In the aspects of wealth and poverty he believes that the wealthy are those with more capital and rewards from nature, while the poor are “those who have inherited disease and depraved appetites, or have been brought up in vice and ignorance, or have themselves yielded to vice, extravagance, idleness, and imprudence” (Sumner, 36). The consequences of Sumner’s views on wealth and poverty is that they both contribute to the idea of inequality and how it is not likely for the poor to be of equal status with the wealthy. Furthermore, Carnegie views wealth and poverty as a reciprocative relation. He does not necessarily state that the wealthy and poor are equal, but he believes that the wealthy are the ones who “should use their wisdom, experiences, and wealth as stewards for the poor” (textbook, 489). Ultimately, the consequences of
Often, children were forced to work due to money-related issues, and the conditions they worked in were terrible. Children worked in coal mining, such as at Woodward Coal Mining in Kingston, Pennsylvania (Doc. 7). Children were used to make the process of producing products cheaper, and they were paid low wages; the capitalists hired children just to keep the process of making products going and to make profit. One cause of child labor in harsh conditions was the unfateful fire at the Triangle Shirtwaist Company factory in New York City in 1911. Teenaged immigrant girls that were employed there worked under sweatshop-like conditions. The building they worked in was inadequately equipped in case of a fire, for the doors were locked, leaving no exit for the girls, and the single fire escape collapsed with the rescue effort; as a result, when the fire started, they were unable to escape. 145 workers were killed, but the company owners were not penalized harshly for this tragedy. This further demonstrates that capitalists were able to get away with the harsh conditions that they put their laborers, especially child laborers, through for their own benefit, which is making more money and using any means to get it, even if those means are low wages and harsh working
He described how women were forced to work in shops and factories instead of focusing on how the United States helped people to earn more money. He tells the history of the industrial revolution in a dark but true way. An example of that is the way he tells how angry the Irish immigrants were because of the racism in 1849. “The anger of the city poor often expressed itself in futile violence over nationality or religion. The crowd, shouting ‘Burn the damn den of aristocracy,’ charged, throwing bricks” (227).
Page 98 shows the menu of the male architect meeting at the University Club. This menu includes “Oysters”, wine, “Filet Mignon A la Rossini”, a cigar break, and various other expensive items. This is compared to “the streets of Chicago filled with unemployed men”(206). While the architects eat like kings; men, women, and children are on the streets starving, but the greed of the Gilded Age elites keeps them from helping the masses. Greed is also shown later in the book, when “25,000 unemployed workers converged on the downtown lakefront and heard Samuel Gompers, standing in the back of speakers wagon No. 5 ask, ‘Why should the wealth of the country be stored in banks and elevators while the idle workman wanders homeless about the streets ‘“(315). This contrasts the opening of the Columbian Exposition, where “Every bit of terrace, lawn, and railing in the Court of Honor was occupied, the men in black and gray, many of the women in gowns of extravagant hues-violet, scarlet, emerald-and wearing hats with ribbons, sprigs, and feathers.”(238). The difference between the two meetings is extraordinary: ragged workers seeking only jobs and places to sleep compared with people dressed in elaborate, expensive outfits seeking to spend their time pursuing pleasure in the Columbian Exposition. This brings light to the fact that these societal elites can spend their time and money pursuing grand visions of entertainment for themselves, but can not help those less fortunate than them. This is hammered home in page 130, where “In the city’s richest clubs, industrialists gathered to toast the fact that Carter Henry Harrison, whom they viewed as overly sympathetic to organized labor, had lost to Hempstead Washburne, a Republican” and later, “Every newspaper in the city, other than his own Times, opposed Harrison, as did
Because of an economic depression in 1893, the Pullman employee’s wages were cut, and quite a few of them lost their jobs.3 Most were getting paid too little to live on. One lady that was interviewed said “I received [one dollar] day and paid [seventeen dollars seventy one cents] per month rent for one of the companies houses”.1 She needed either higher pay or lower rent in order to have the means to pay for housing. Multiple cases of this were reported when the strike went to court. Another example was when J. B. Pierson, another employee of Pullman was questioned as to the price of the Pullman houses he was quoted as saying that “the Pullman houses averaged from one-third to one-half higher than similar houses in the surrounding suburbs”.1 Pullman...
A penny saved may be a penny earned, just as a penny spent may begin to better the world. Andrew Carnegie, a man known for his wealth, certainly knew the value of a dollar. His successful business ventures in the railroad industry, steel business, and in communications earned him his multimillion-dollar fortune. Much the opposite of greedy, Carnegie made sure he had what he needed to live a comfortable life, and put what remained of his fortune toward assistance for the general public and the betterment of their communities. He stressed the idea that generosity is superior to arrogance. Carnegie believes that for the wealthy to be generous to their community, rather than live an ostentatious lifestyle proves that they are truly rich in wealth and in heart. He also emphasized that money is most powerful in the hands of the earner, and not anyone else. In his retirement, Carnegie not only spent a great deal of time enriching his life by giving back; but also often wrote about business, money, and his stance on the importance of world peace. His essay “Wealth” presents what he believes are three common ways in which the wealthy typically distribute their money throughout their life and after death. Throughout his essay “Wealth”, Andrew Carnegie appeals to logos as he defines “rich” as having a great deal of wealth not only in materialistic terms, but also in leading an active philanthropic lifestyle. He solidifies this definition in his appeals to ethos and pathos with an emphasis on the rewards of philanthropy to the mind and body.
Rebecca Harding Davis wrote “Life in the Iron Mills” in the mid-nineteenth century in part to raise awareness about working conditions in industrial mills. With the goal of presenting the reality of the mills’ environment and the lives of the mill workers, Davis employs vivid and concrete descriptions of the mills, the workers’ homes, and the workers themselves. Yet her story’s realism is not objective; Davis has a reformer’s agenda, and her word-pictures are colored accordingly. One theme that receives a particularly negative shading in the story is big business and the money associated with it. Davis uses this negative portrayal of money to emphasize the damage that the single-minded pursuit of wealth works upon the humanity of those who desire it.
Free enterprise is a form of economy in which the government takes minimal control through regulation. In this form of economy the price and production of goods is decided by the consumers and producers and their wants and needs, and by considering how all of these can be met in the face of scarcity. While scarcity defines resources that are available against infinite wants and needs, it can also be used to describe the fact that future products do not yet exists and new markets have not yet been explored, and in order for consumers’ needs and wants to be met, entrepreneurs must invent new products and open new fields of study. Arguably, one of the most influential entrepreneurs in American history was Andrew
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.
Andrew Carnegie and Samuel Gompers were two important people during the Guided age. This is the era where big industries started growing and taking over. They both had different viewpoints about the big industries that grew in the Gilded Age and the challenges this presented to working people. The only similarity in both views was they were geared toward helping the less fortunate. They way they went about it were on opposite ends of the spectrum. Andrew Carnegie believed that the wealthy should put their money back into society and not spend it frivolously, while Samuel Gompers believed that workers needed to organize into labor unions to protect themselves from the growing industries. One thing they both agreed on were big industries was
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.
Andrew Carnegie and Samuel Gompers had very similar ideas during the Industrial Revolution. Both authors wrote articles directed towards the wealthy in hopes of making a difference by explaining how the rich mocked and refused to share money with the poor. Although Carnegie and Gompers’s writings were aimed towards the wealthy for different reasons, both made an enormous contribution to how the wealthy should treat their workers and