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The importance of the gilded age
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The importance of the gilded age
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The inequalities in America during the gilded age came from an unequal distribution of wealth, leaving only a small percentage of individuals with riches while the rest suffered in poverty even with constant overproduction of everyday necessities. People argued that social darwinism would chose who was meant to be rich and the survival of the fittest would deem who was better than the rest. From 1870-1895, journalists and critics dismantled the inequality during the period and some offer their own solutions. In “The Railway Army”, Marshall Kirkman states that everyone in the service of railroads enters on an equal platform, but only the capable forge to the front. Natural selection chooses who operates the railroad system, those who are more faithful and energetic tend to succeed in this network and require less assistance begin to gravitate towards the leading positions. Kirkman reasons that natural selection will assign individuals into their appropriate atmosphere of work. Kirkman explains that intelligence and faithfulness are the qualities that lead to promotion, and that it should be in …show more content…
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
Jared Diamond makes a great and compelling argument about how inequality across the entire globe originated. The main components that were agreeing with this argument were guns germs and steel. Guns meaning the advancement in weaponry, military warfare and military sophistication. Germs meaning the harmful disease and other foul illness that wiped out humans throughout History. Then the third and final point steel, which was about the advancement in societies and the complex sophistication with their technology, which lead to building great architecture and devices that were completely impactful.
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
Heavy industrialization in the United States created a new economic reality in which “the poor enjoy[ed] what the rich could not before afford” by decreasing the labor and money needed to produce material goods (Carnegie). However, it also created problems for the poor in the form of pollution, moral deterioration, and lack of interest in work (Rauschenbusch). Despite the fact that both works focused on a Christian approach to interacting with the economy, their conclusions differed greatly, with Carnegie arguing for the rich to continue to accumulate and distribute wealth to public projects, and Rauschenbusch calling for the rich to redistribute directly to projects that would improve the daily health and moral well being of the poor. While the beliefs were inherently different, their importance was the same. It mattered less what actions the men perceived to be the most beneficial, because both were actively engaging the moral implications of technological advances and their effect on the economy, something that few modern economists
People who believe that captains of industry are robber barons may say that they didn’t financially benefit the U.S. economy during the Gilded Age. However, they are incorrect. In Document A-1. Source: Andrew Carnegie, Wealth and Its Uses [1907], Carnegie says, “It will be a great mistake for the community to shoot the millionaires, for they are the bees that make the most honey, and contribute most to the hive...” Carnegie means that no one should get rid of the industrialists because they are the most affluent people in the U.S. during that time period and that they contribute the most money to the U.S. economy. Furthermore, he says, “While the law [of competition] may be sometimes hard for the individual, it is best for the race, because it ensures survival of the fittest in every department… the concentration of business in the hands of the few, and the law of competition between these as being not only beneficial, but essential for the future progress of the race.” Carnegie’s promoting the idea of forming trusts, which is when small businesses merge with each other to reduce competition. By doing so, the probability of a company surviving increases, which would cause the company to thrive. Ultimately, a successful trust would h...
This thinking was the brainwork that Hitler himself used; he pursued “Survival of the (non-jewish) Germans” in his dictatorship. Carnegie had a similar mindset that would only benefit the richest men in society. Everyone else was left as unworthy of appreciation. Carnegie said in his article from 1889 “The Gospel of Wealth” that “It is … essential, for the progress of the race that the houses of some should be homes for all that is highest and best”’ (Doc B). It is evident that Carnegie says that those that are not “highest and best” must not be rewarded with luxurious homes. He states that we must praise this behavior because “It is to this law (of competition) that we owe our wonderful material development, … it is best for the race … it ensures the survival of the fittest” (Doc B). Carnegie didn’t support social equality with this mindset when he states that it is “Much better this great irregularity than universal squalor…” (Doc B). Carnegie applied his belief that “(competition) insures the survival of the fittest in every department” into social standards, which is Social Darwinism and subsequently a political view that doesn’t support the groups of society
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.
In America, the late 19th Century was known as the Victorian Era. It was a time when pro-private upper class culture dominated the nation, a time of liberation from the burden of the past and a time when the development of science and technology flourished. The Victorians believed that the advancement in science and technology served as a mean for protection, and could bring in an abundant of wealth and power, something they desired. The middle-class admired those from the upper-class, as they imitated the lives of the wealthy families. It was a period of competition and the survival of the fitness for the Victorians. While these neighbors, friends and families competed against each other for wealth, there was competition between workers and machineries in the cities, as labor was gradually being replaced by modern technology.
The view on the wealthy in the society was different from one person to another and this actually led to publications and criticisms one after another. Actually the discovery of new economic opportunities made United States to be viewed as a land of economic glory and prosperity. This in turn attracted more people from different parts of the world. Ironically, some of the optimistic immigrants got overly involved relentless poverty and had to struggle for cont...
5. Perry, Elisabeth Israels, and Karen Manners Smith. The Gilded Age and Progressive Era: a student companion. Oxford: Oxford University Press, 2006. Print.
The decade following the Reconstruction Era in American history is brilliantly and descriptively named; the Gilded Age was coated with superficial prosperity which buried its hardships that laid within its core. The rise of big business grabbed American’s attention---whether it was in a positive or negative notion--- and the United State’s focus on minorities declined. Women in the Gilded Age were continuous victims to inequality in contrast to their male counterparts, and the opportunity to pursue their own economic quickly turned into another element of inequality between the genders. On the other hand, the general working class quickly were slaves to big business and the new factory system. Working conditions and wages were unbearable,
In the “Gospel of wealth”, Andrew Carnegie argues that it is the duty of the wealthy entrepreneur who has amassed a great fortune during their lifetime, to give back to those less fortunate. Greed and selfishness may force some readers to see these arguments as preposterous; however, greed is a key ingredient in successful competition. It forces competitors to perform at a higher level than their peers in hopes of obtaining more money and individual wealth. A capitalist society that allows this wealth to accumulate in the hands of the few might be beneficial to the human race because it could promote competition between companies; it might ensure health care for everyone no matter their social standing, and parks and recreation could be built for the enjoyment of society.
...ve up the fortunes they have built themselves. It is an admirable idea to give your money to help promote a thriving community. Carnegie states that he is against charity and believes that those in need should be taught how to improve their own lives. To fund these institutes and corporations a form of charity must be given. Wealthy citizens give their excess money to a few to disperse of in a way they see fit to help the race. Most Americans are not willing to give up such a large sum of money as noble and respectable of an idea as it is. I think that Carnegie’s plan, in theory, would work and would be best for the race. I do not think it is practical because most would rather spoil their own family with inheritance than give it away to help people unknown to them. Carnegie’s idea of fair is equal opportunities for everyone to help themselves and the race.
The first era of income inequality in the United States lasted from post-civil war to around 1937, but in the following ten years income inequality fell dramatically.
What is wealth inequality? “It is the difference between individuals or populations in the distribution of assets, wealth or income.” [1] In sociology, the term is social stratification and refers to “a system of structured social inequality” [2] where the inequality might be in power, resources, social standing/class or perceived worth. In the US, where a class system exist, (as opposed to caste or estate system) your place in the class system can be determined by your personal achievements. However, the economic and social class that an individual is born into is a big indicator of the class they will end up in as an adult. [3] What are the effects of this wealth inequality in the US and what causes it as well as some possible solutions and their ramifications will all be discussed and answered below.