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The wealth accumulated by Andrew Carnegie
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Andrew Carnegie and his philanthropy made him a hero because he helped more people than harm in the long run, by this I mean he helped other countries. He also sets a great example to everyone that helping others or someone is not something you need to wait to do when you are no longer living. If someone needed help and even a stable person had the choice to help but until they are no longer alive has little meaning. Perhaps it would be too late when the person isn’t around anymore. Its about what someone can do to help when they are around, it is about what a person can do in the time of need even if it is not much but a little of anything can go a long way. In (Doc C) there is a list of amounts of money that Carnegie has donated to various places which in total he has donated well over $271m but aside from that his corporation is giving out about $100m a year, most of it to education (Doc C) …show more content…
He started off in life rather poor and had to go long ways to help his family by finding a job to help his family financially as I said because they weren’t rich. He went from paying $20 annually for rent for the place he was living at to renovating a mansion for $10,000,000. Instead of staying in the situation he was in as a young kid he decided to give himself a great life by working for it. He goes over how a man with a plentiful amount of money who only keeps it to himself is basically a waste and he even says in (Doc B) ‘The man who dies rich dies a disgrace’. In that quote he is basically saying that a rich man should give and help while he is still around. By dying rich this shows that he didn’t help as much as he could, and he kept his fortune to himself. Carnegie is basically saying what is the point of being rich if you can’t help others in good ways. He was so helpful he helped by giving away libraries to other places showing he cares about the education of
Even though these men attempted to build a stable foundation for America to grow on, their negative aspects dramatically outweighed the positive. Even though Andrew Carnegie donated his fortunes to charity, he only acquired the money through unjustifiable actions. As these industrialists continued to monopolize companies through illegal actions, plutocracy- government controlled by the wealthy, took control of the Constitution. Sequentially, they used their power to prevent controls by state legislatures. These circumstances effect the way one
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.
His book, The Gospel of Wealth, preaches that “the millionaire who properly recognizes his own position is merely a "trustee"; he holds his surplus wealth for the benefit of his fellows” ("Andrew Carnegie," Dictionary). Carnegie himself abided by these words, contributing to society in the ways that he believed would most benefit American citizens. At its peak, Carnegie’s net worth was $475 million, which is equivalent to about $310 billion in today’s dollars. However, around the time of his death, Carnegie had only $30 million left to his name, after he put his money towards building trusts, charities, schools, and primarily libraries (Zorn). This philanthropy diverged from the actions of any millionaires of the time. Though some, such as John D. Rockefeller, also took part in philanthropic work, none held such intense concern or addressed societal problems as directly as Carnegie. Instead of simply donating large sums of money to schools or foundations, established his famous trusts and foundations, such as the Carnegie Institution of Washington and the Carnegie Foundation for the Advancement of Teaching, that to this day benefit students by earning them scholarships and increasing the quality of their education. He also specifically fought to improve African American education, funding
Growing up as a young boy in Scotland, Carnegie's family was not very wealthy. They immigrated to America where Carnegie went from working as a bobbin boy, making $1.20 per hour, to making millions of dollars later in his life. Carnegie did not become wealthy by unethical means, as a Robber Baron would. Instead he worked very hard and wise to get to where he was during that time. Andrew Carnegie came from "rags to riches" in his lifetime and it paid off.
Andrew Carnegie, a philanthropist who has helped hundreds. But there is a side of him that not many knew. Is Andrew Carnegie a hero? Andrew Carnegie was born in Dunfermline, Scotland. He and his family were in poverty, living in an attic of a weavers cottage. For a better life, his family moved to America. There Carnegie started working as a bobbin boy. Carnegie later became locally famous, and was later given a well paying job. Andrew Carnegie was not a hero because he was greedy, and prideful. In the Andrew Carnegie,“Wealth” North American Review, June 1889 text it states that Carnegie did not leave much fortune to his own family, because he believed it to be “misguided affection” This was selfish of him to give his own family enough money, the money that they deserve. In addition in the Cartoon Published in The Saturday Globe it shows that while Andrew Carnegie was giving money to other countries, his workers needed the money the most to be able to support their families.
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
A wealthy person, with the desire to do well with their fortune, could benefit society in a number of ways. Carnegie has verbally laid a blueprint for the wealthy to build from. His message is simple: Work hard and you will have results; educate yourself, live a meaningful life, and bestow upon others the magnificent jewels life has to offer. He stresses the importance of doing charity during one’s lifetime, and states “…the man who dies leaving behind him millions of available wealth, which was his to administer during life, will pass away ‘unwept, unhonored, and unsung’…” (401). He is saying a wealthy person, with millions at their disposal, should spend their money on the betterment of society, during their lifetime, because it will benefit us all as a race.
...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.
Andrew Carnegie was a well known businessman who made a fortune with his major company, Carnegie Steel. But the hot topic is not about the company, rather the man. Some claim Carnegie was a robber baron who treated his workers terrible, just so he could get his money. Others, consider him a perfectly fair, captain of industry who worked hard to get where he got. Throughout his whole life, Carnegie made and still continues to make, a difference in the world today.
What is a hero to you? Is it an individual that saves lives? A person that does good in the world? Or do you simply think of your mom as a hero? In everyday life we encounter heros, whether it is a policeman or even a librarian. A person doesn’t need to save the world, or be like Superman in order to be considered a hero. It can be the simplest thing from you helping somebody open their locker to even holding the door open for someone as they pass. Andrew Carnegie was the hero of his time, with his benevolence and goodwill. Carnegie was a hardworking boy pushing through poverty to help his family. His intelligence and wisdom helped him evolve into a philanthropist. Later in life he became the richest man of his time era. Still with all his riches and fortune Carnegie was a man of generosity always trying to find a way to give back to his community, he stayed humble as well. The big question of it all is, “ Did Andrew Carnegie’s philanthropy of wealth make him a hero?” From the documents I’ve read I can conclude yes, Andrew Carnegie’s philanthropy of wealth did make him a hero.
Andrew Carnegie, born 1835 in the small town of Dunfermline, Scotland. He remains one of the richest people who ever lived and became the world’s first modern philanthropist. He has impacted many across the country and the world. He had lived in one of the first mansions with a steel frame and central heating. By the end of his life he had given over 2,600 public libraries to broaden the education of many in the United States and Scotland. This fairy tale life didn’t start off so happily. Carnegie’s family wasn’t the most affluent in the country, they were actually desperately poor, however, their influence on Andrew and his brother Tom, was rich. Carnegie’s mother, Margaret Carnegie, taught him the thirst to survive and thrive. She taught him to put his needs before the needs of anyone else. This greatly affected his business and business techniques later in life. His father, William Carnegie, was a handloom weaver, who believed in making conditions better for the working man and taught him the value of helping others less fortunate. Andrew Carnegie once said, "He who dies thus rich dies disgraced"; the teachings of his father were well absorbed and helped him later in life as well.
Andrew Carnegie was a man who actually believed strongly in using the money gained in a charitable way. According to Carnegie in a review titled “Wealth,” he stated, “…man of wealth thus becoming the mere agent…for his poorer brethren… doing for them better than they would or could do for themselves” (Document E). By the end of his life, he had donated up to $60 million, which funded more than 1,600 libraries. He substantially gave all his money away. A humble and virtuous man would yearn to do such a thing. There were actually other men who owned businesses who would be capable of doing similar acts of kindness. Yet again how could they, when their opponents were invincible? George Rice was a victim to Rockefeller’s colossal company, stating “…sought for the reason…giving it discriminating rates and privileges of all kinds as against myself and all outside competitors” (Document H). His business was unable to challenge one like Rockefeller’s. At the time, the only way to attain respect and have monopolies was to perform unethical actions against the people, and corrupt the government. With this in mind, giving back to the community appears
In a chart adapted from Andrew Carnegie, called Carnegie’s Philanthropy it showed Carnegie is giving away large amounts of money to different causes all benefiting them in some way. In the chart, it showed that Carnegie gave most of money to educational purposes. In the chart, it said that Carnegie’s foundation is giving out about 100 million dollars a year most of it is going towards education. To have concern for others it means to think of other people before yourself, to not be selfish, to be thoughtful. In this chart Andrew spent 350 million dollars to help organizations for their needs. Carnegie put out his money to distribute to the public. Many heroes have different traits that make them who they are, in Carnegie’s case it was his concern for
He believed in philanthropy and wanted the wealthy to give their money away as they saw fit. His book stated, “A man who dies rich dies disgraced.” (Weber 46) It was the idea that the wealthy should give away their surplus money wisely to the lower classes. Carnegie wanted people to not spend money on useless luxuries and use it on society. The rich still had a choice as to how much and who to share their wealth with.
Andrew Carnegie was an Entrepreneur and a Philanthropist. He was born in Dunfermline, Scotland in the United Kingdom. He was born on November 25, 1835. He passed away on August 11, 1919 at the age of 84 in Lenox, Massachusetts. Andrew had little or no formal education, but he grew up in a family that had beliefs in knowing the importance of books and learning. His father was handloom weaver by trade. Andrew Carnegie was best known for being a self-made steel tycoon and he was one of the wealthiest 19th century Unites States businessmen. He donated a great deal of his money to help the expansion of the New York Public Library.